The Carlyle Group (NASDAQ:CG) Upgraded at StockNews.com

StockNews.com upgraded shares of The Carlyle Group (NASDAQ:CG) from a sell rating to a hold rating in a report issued on Tuesday morning.

A number of other analysts have also recently commented on CG. JMP Securities reiterated a “market outperform” rating and issued a $60.00 target price on shares of The Carlyle Group in a research note on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Keefe, Bruyette & Woods raised their target price on The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, November 8th. TD Cowen increased their price objective on The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. lifted their target price on The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $53.33.

The Carlyle Group Price Performance

Shares of CG opened at $52.27 on Tuesday. The company has a 50 day moving average of $46.16 and a two-hundred day moving average of $43.52. The company has a quick ratio of 2.55, a current ratio of 2.32 and a debt-to-equity ratio of 1.38. The Carlyle Group has a twelve month low of $29.56 and a twelve month high of $54.52. The company has a market cap of $18.63 billion, a price-to-earnings ratio of 180.24, a price-to-earnings-growth ratio of 1.33 and a beta of 1.70.

The Carlyle Group (NASDAQ:CG) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.08. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The firm had revenue of $895.00 million for the quarter, compared to the consensus estimate of $908.17 million. During the same period in the previous year, the business earned $0.87 EPS. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, analysts predict that The Carlyle Group will post 3.72 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Monday, November 18th will be given a $0.35 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.68%. The Carlyle Group’s dividend payout ratio (DPR) is currently 482.76%.

Insiders Place Their Bets

In related news, major shareholder Carlyle Group Inc. sold 133,643 shares of The Carlyle Group stock in a transaction on Monday, October 7th. The shares were sold at an average price of $2.51, for a total value of $335,443.93. Following the sale, the insider now owns 4,767,697 shares of the company’s stock, valued at approximately $11,966,919.47. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 1,676,014 shares of company stock worth $3,687,196. 27.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On The Carlyle Group

Several institutional investors have recently bought and sold shares of CG. Westbourne Investment Advisors Inc. boosted its stake in The Carlyle Group by 3.6% during the 3rd quarter. Westbourne Investment Advisors Inc. now owns 5,700 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 200 shares during the last quarter. Bleakley Financial Group LLC grew its stake in The Carlyle Group by 0.5% during the 3rd quarter. Bleakley Financial Group LLC now owns 41,742 shares of the financial services provider’s stock valued at $1,797,000 after acquiring an additional 208 shares in the last quarter. Tobam raised its holdings in The Carlyle Group by 32.8% in the 3rd quarter. Tobam now owns 890 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 220 shares during the last quarter. Western Pacific Wealth Management LP lifted its stake in The Carlyle Group by 14.7% in the 1st quarter. Western Pacific Wealth Management LP now owns 2,447 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 313 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in shares of The Carlyle Group by 0.5% in the second quarter. Mercer Global Advisors Inc. ADV now owns 61,684 shares of the financial services provider’s stock valued at $2,484,000 after purchasing an additional 318 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

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.