The Carlyle Group (NASDAQ:CG) Price Target Lowered to $48.00 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 report released on Thursday morning, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Several other analysts also recently weighed in on CG. TD Cowen began coverage on The Carlyle Group in a report on Thursday, January 4th. They issued a market perform rating and a $42.00 target price for the company. JMP Securities increased their price target on shares of 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. Morgan Stanley raised their price target on The Carlyle Group from $34.00 to $40.00 and gave the stock an equal weight rating in a report on Wednesday, January 24th. UBS Group upped their price objective on The Carlyle Group from $46.00 to $50.00 and gave the company a neutral rating in a research note on Friday, April 12th. Finally, Citigroup upped their price target on The Carlyle Group from $41.00 to $45.00 and gave the stock a neutral rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $44.25.

The Carlyle Group Stock Up 1.2 %

Shares of CG stock traded up $0.48 during trading on Thursday, reaching $41.06. The company’s stock had a trading volume of 2,767,766 shares, compared to its average volume of 2,097,171. 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 Carlyle Group has a 1-year low of $25.20 and a 1-year high of $48.52. The company has a market capitalization of $14.87 billion, a price-to-earnings ratio of -22.94, a P/E/G ratio of 0.86 and a beta of 1.77. The stock’s 50-day moving average price is $45.75 and its 200 day moving average price is $40.02.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share for the quarter, topping 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 company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $986.10 million. During the same quarter in the prior year, the business earned $0.63 EPS. The Carlyle Group’s revenue was up 35.6% on a year-over-year basis. On average, research analysts anticipate that The Carlyle Group will post 3.98 EPS for the current year.

The Carlyle Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Monday, May 13th. The Carlyle Group’s dividend payout ratio (DPR) is -78.21%.

Insider Activity at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. purchased 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 owns 1,066,189 shares in the company, valued at $13,807,147.55. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 27.20% of the company’s stock.

Hedge Funds Weigh In On The Carlyle Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SYSTM Wealth Solutions LLC acquired a new position in shares of The Carlyle Group in the first quarter worth about $34,000. CVA Family Office LLC bought a new position in shares of The Carlyle Group during the fourth quarter worth about $35,000. GAMMA Investing LLC bought a new stake in The Carlyle Group in the fourth quarter valued at about $38,000. Global Retirement Partners LLC raised its stake in 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 valued at $40,000 after buying an additional 247 shares in the last quarter. Finally, Clear Street Markets LLC bought a new position in shares of The Carlyle Group in the 3rd 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.