The Carlyle Group (NASDAQ:CG) Given New $48.00 Price Target at The Goldman Sachs Group

The Carlyle Group (NASDAQ:CG) had its price objective reduced by The Goldman Sachs Group from $54.00 to $48.00 in a research note released on Thursday morning, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the financial services provider’s stock.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. lifted their price objective on shares of The Carlyle Group from $39.00 to $45.00 and gave the company an overweight rating in a report on Thursday, February 8th. Citigroup upped their price objective on The Carlyle Group from $41.00 to $45.00 and gave the stock a neutral rating in a research report on Thursday, February 8th. TheStreet lowered The Carlyle Group from a b- rating to a c rating in a report on Wednesday, February 7th. Barclays increased their price target on The Carlyle Group from $55.00 to $56.00 and gave the company an overweight rating in a research report on Monday, April 8th. Finally, JMP Securities boosted their price objective on The Carlyle Group from $52.00 to $58.00 and gave the stock a market outperform rating in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $44.73.

The Carlyle Group Stock Performance

NASDAQ:CG opened at $41.06 on Thursday. The stock has a market capitalization of $14.87 billion, a P/E ratio of -22.94, a PEG ratio of 0.87 and a beta of 1.77. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.27 and a current ratio of 2.53. The Carlyle Group has a fifty-two week low of $25.20 and a fifty-two week high of $48.52. The company has a 50 day moving average price of $45.75 and a 200 day moving average price of $40.09.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.09. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $986.10 million. During the same quarter in the previous year, the business earned $0.63 EPS. The company’s quarterly revenue was up 35.6% compared to the same quarter last year. Equities research analysts forecast that The Carlyle Group will post 3.94 EPS for the current year.

The Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th will be given a $0.35 dividend. The ex-dividend date is Monday, May 13th. This represents a $1.40 dividend on an annualized basis and a yield of 3.41%. The Carlyle Group’s dividend payout ratio (DPR) is presently -78.21%.

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. bought 190,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was purchased at an average cost of $12.95 per share, with a total value of $2,460,500.00. Following the transaction, the insider now directly owns 1,066,189 shares in the company, valued at $13,807,147.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 27.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. SYSTM Wealth Solutions LLC acquired a new position in shares of The Carlyle Group in the first quarter valued at approximately $34,000. CVA Family Office LLC purchased a new position in The Carlyle Group during the 4th quarter worth $35,000. GAMMA Investing LLC acquired a new stake in shares of The Carlyle Group in the 4th quarter worth $38,000. Global Retirement Partners LLC increased its stake in shares of The Carlyle Group by 41.2% during the first quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 247 shares during the period. Finally, Clear Street Markets LLC purchased a new position in The Carlyle Group during the third quarter worth about $50,000. 55.88% of the stock is owned by hedge funds and other institutional investors.

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.