Carlyle Group Inc. (NASDAQ:CG – Get Free Report) has received a consensus rating of “Hold” from the sixteen brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $53.00.
Several analysts have weighed in on the company. Bank of America dropped their price objective on Carlyle Group from $47.00 to $46.00 and set an “underperform” rating for the company in a report on Friday, April 4th. Oppenheimer cut Carlyle Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Citigroup lowered their price target on Carlyle Group from $55.00 to $39.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Morgan Stanley lowered their price target on Carlyle Group from $57.00 to $44.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. Finally, TD Cowen raised Carlyle Group from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Wednesday, May 14th.
View Our Latest Analysis on CG
Carlyle Group Stock Up 2.1%
Carlyle Group (NASDAQ:CG – Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.17. The business had revenue of $973.10 million for the quarter, compared to the consensus estimate of $972.27 million. Carlyle Group had a net margin of 19.00% and a return on equity of 23.78%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 EPS. On average, research analysts expect that Carlyle Group will post 4.48 earnings per share for the current fiscal year.
Carlyle Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend was Monday, May 19th. Carlyle Group’s payout ratio is presently 47.46%.
Institutional Investors Weigh In On Carlyle Group
Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Carlyle Group by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 24,292,937 shares of the financial services provider’s stock valued at $1,058,929,000 after purchasing an additional 1,131,514 shares during the last quarter. Capital World Investors lifted its holdings in Carlyle Group by 0.3% during the 4th quarter. Capital World Investors now owns 19,778,358 shares of the financial services provider’s stock valued at $998,609,000 after purchasing an additional 50,784 shares during the last quarter. William Blair Investment Management LLC increased its position in Carlyle Group by 15.5% during the 4th quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider’s stock worth $668,990,000 after buying an additional 1,773,465 shares during the period. Boston Partners increased its position in Carlyle Group by 7.1% during the 4th quarter. Boston Partners now owns 7,102,085 shares of the financial services provider’s stock worth $358,687,000 after buying an additional 467,767 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in Carlyle Group by 7.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 6,827,559 shares of the financial services provider’s stock worth $297,613,000 after buying an additional 476,127 shares during the period. Institutional investors and hedge funds own 55.88% of the company’s stock.
About Carlyle Group
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.
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