TD Cowen Trims The Carlyle Group (NASDAQ:CG) Target Price to $45.00

The Carlyle Group (NASDAQ:CG) had its price target cut by TD Cowen from $49.00 to $45.00 in a report published on Thursday, Benzinga reports. They currently have a hold rating on the financial services provider’s stock.

A number of other research analysts have also commented on CG. Barclays lifted their price objective on shares of The Carlyle Group from $55.00 to $56.00 and gave the company an overweight rating in a research note on Monday, April 8th. TheStreet downgraded The Carlyle Group from a b- rating to a c rating in a research note on Wednesday, February 7th. JMP Securities upped their price target on The Carlyle Group from $52.00 to $58.00 and gave the stock a market outperform rating in a research note on Thursday, February 8th. Citigroup boosted their price objective on shares of The Carlyle Group from $41.00 to $45.00 and gave the company a neutral rating in a research note on Thursday, February 8th. Finally, UBS Group raised their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock a neutral rating in a research note on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, The Carlyle Group currently has an average rating of Hold and an average target price of $44.73.

The Carlyle Group Stock Up 1.2 %

The Carlyle Group stock opened at $41.06 on Thursday. The Carlyle Group has a 1-year low of $25.20 and a 1-year high of $48.52. The stock has a market cap of $14.87 billion, a PE ratio of -22.94, a P/E/G ratio of 0.87 and a beta of 1.77. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.53 and a quick ratio of 2.27. The stock’s fifty day moving average is $45.75 and its two-hundred day moving average is $40.09.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.09. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $986.10 million. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The firm’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 earnings per share. On average, sell-side analysts expect that The Carlyle Group will post 3.94 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 14th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, May 13th. This represents a $1.40 dividend on an annualized basis and a yield of 3.41%. The Carlyle Group’s payout ratio is -78.21%.

Insider Activity

In other The Carlyle Group news, major shareholder Carlyle Group Inc. bought 190,000 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was bought at an average price of $12.95 per share, for a total transaction of $2,460,500.00. Following the completion of the transaction, the insider now owns 1,066,189 shares in the company, valued at approximately $13,807,147.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 27.20% of the company’s stock.

Institutional Investors Weigh In On The Carlyle Group

Several hedge funds have recently modified their holdings of CG. Vanguard Group Inc. increased its stake in The Carlyle Group by 7.6% in the fourth quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock valued at $1,012,212,000 after purchasing an additional 1,756,189 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in shares of The Carlyle Group by 65.9% during the 3rd quarter. William Blair Investment Management LLC now owns 8,877,428 shares of the financial services provider’s stock worth $267,743,000 after acquiring an additional 3,524,794 shares during the period. Ariel Investments LLC grew its holdings in The Carlyle Group by 16.9% in the third quarter. Ariel Investments LLC now owns 6,364,528 shares of the financial services provider’s stock valued at $191,954,000 after purchasing an additional 918,114 shares during the period. Norges Bank purchased a new position in The Carlyle Group during the fourth quarter worth approximately $130,771,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of The Carlyle Group by 194.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,593,761 shares of the financial services provider’s stock valued at $105,540,000 after purchasing an additional 1,712,133 shares during the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

The Carlyle Group Company Profile

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.