The Carlyle Group (NASDAQ:CG) Price Target Raised to $50.00 at Morgan Stanley

The Carlyle Group (NASDAQ:CG) had its target price raised by Morgan Stanley from $46.00 to $50.00 in a report released on Thursday morning, Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

CG has been the topic of several other research reports. Keefe, Bruyette & Woods dropped their price objective on The Carlyle Group from $48.00 to $46.00 and set a market perform rating on the stock in a research note on Tuesday, August 6th. Redburn Atlantic assumed coverage on The Carlyle Group in a research report on Tuesday, August 27th. They set a buy rating and a $55.00 target price on the stock. UBS Group lowered their price objective on The Carlyle Group from $45.00 to $44.00 and set a neutral rating on the stock in a research report on Wednesday, July 10th. Oppenheimer lowered their price objective on The Carlyle Group from $69.00 to $64.00 and set an outperform rating on the stock in a research report on Tuesday, August 6th. Finally, TD Cowen increased their price objective on The Carlyle Group from $41.00 to $42.00 and gave the stock a hold rating in a research report on Tuesday, August 6th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, The Carlyle Group has a consensus rating of Hold and a consensus target price of $48.33.

The Carlyle Group Price Performance

CG stock opened at $46.94 on Thursday. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.75. The business has a 50 day moving average of $41.38 and a 200-day moving average of $42.84. The Carlyle Group has a 12-month low of $27.13 and a 12-month high of $50.92.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.05). The Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $808.73 million. During the same quarter in the previous year, the company posted $0.88 EPS. The Carlyle Group’s revenue for the quarter was up 131.5% on a year-over-year basis. On average, sell-side analysts predict that The Carlyle Group will post 3.76 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 16th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, August 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.98%. The Carlyle Group’s dividend payout ratio (DPR) is currently -125.00%.

Insider Activity

In other news, major shareholder Carlyle Group Inc. sold 69,637 shares of the stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $34.81, for a total transaction of $2,424,063.97. Following the completion of the sale, the insider now directly owns 10,730,064 shares in the company, valued at approximately $373,513,527.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 1,504,788 shares of company stock valued at $52,772,622. 27.20% of the stock is currently owned by insiders.

Institutional Trading of The Carlyle Group

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of The Carlyle Group by 7.6% during the fourth quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock worth $1,012,212,000 after purchasing an additional 1,756,189 shares during the period. Capital World Investors lifted its holdings in The Carlyle Group by 0.4% in the first quarter. Capital World Investors now owns 20,053,012 shares of the financial services provider’s stock worth $940,687,000 after buying an additional 79,681 shares during the period. William Blair Investment Management LLC lifted its holdings in The Carlyle Group by 6.5% in the first quarter. William Blair Investment Management LLC now owns 11,819,403 shares of the financial services provider’s stock worth $554,448,000 after buying an additional 721,608 shares during the period. Ariel Investments LLC lifted its holdings in The Carlyle Group by 1.1% in the second quarter. Ariel Investments LLC now owns 4,937,725 shares of the financial services provider’s stock worth $198,250,000 after buying an additional 54,805 shares during the period. Finally, Capital International Investors purchased a new stake in The Carlyle Group in the first quarter worth about $142,511,000. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

About The 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.