The Carlyle Group (NASDAQ:CG) Price Target Cut to $60.00 by Analysts at BMO Capital Markets

The Carlyle Group (NASDAQ:CGGet Rating) had its price objective decreased by BMO Capital Markets from $69.00 to $60.00 in a research report released on Friday morning, The Fly reports.

Several other equities research analysts have also issued reports on the company. StockNews.com began coverage on The Carlyle Group in a research note on Thursday, March 31st. They issued a hold rating for the company. The Goldman Sachs Group decreased their price target on The Carlyle Group from $66.00 to $56.00 and set a buy rating for the company in a research note on Tuesday, March 29th. Raymond James raised their price target on The Carlyle Group from $12.50 to $13.00 and gave the stock a market perform rating in a research note on Tuesday, January 18th. Morgan Stanley decreased their price target on The Carlyle Group from $59.00 to $54.00 and set an equal weight rating for the company in a research note on Wednesday, April 20th. Finally, Oppenheimer raised their price target on The Carlyle Group from $71.00 to $80.00 in a research note on Wednesday, April 13th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, The Carlyle Group currently has an average rating of Buy and an average target price of $50.79.

NASDAQ:CG opened at $36.29 on Friday. The firm has a market capitalization of $12.93 billion, a price-to-earnings ratio of 4.94, a PEG ratio of 0.37 and a beta of 1.45. The Carlyle Group has a 1 year low of $36.19 and a 1 year high of $60.62. The business has a 50 day simple moving average of $44.29 and a 200-day simple moving average of $50.15. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.44 and a quick ratio of 2.44.

The Carlyle Group (NASDAQ:CGGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.28). The company had revenue of $779.50 million during the quarter, compared to the consensus estimate of $1.06 billion. The Carlyle Group had a net margin of 33.87% and a return on equity of 45.46%. The Carlyle Group’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.58 earnings per share. As a group, analysts expect that The Carlyle Group will post 4.44 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 17th. Shareholders of record on Tuesday, May 10th will be issued a dividend of $0.325 per share. This is an increase from The Carlyle Group’s previous quarterly dividend of $0.25. This represents a $1.30 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend is Monday, May 9th. The Carlyle Group’s dividend payout ratio (DPR) is presently 13.61%.

In other news, CEO Kewsong Lee sold 124,876 shares of The Carlyle Group stock in a transaction on Tuesday, February 1st. The stock was sold at an average price of $52.25, for a total value of $6,524,771.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Curtis L. Buser sold 10,230 shares of The Carlyle Group stock in a transaction on Tuesday, February 1st. The shares were sold at an average price of $52.25, for a total value of $534,517.50. The disclosure for this sale can be found here. Insiders sold a total of 798,942 shares of company stock worth $40,354,625 over the last quarter. Company insiders own 36.30% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Capital World Investors grew its stake in The Carlyle Group by 3.2% during the 3rd quarter. Capital World Investors now owns 19,318,159 shares of the financial services provider’s stock worth $913,363,000 after buying an additional 601,110 shares during the last quarter. Morgan Stanley lifted its position in The Carlyle Group by 6.4% during the 3rd quarter. Morgan Stanley now owns 17,047,259 shares of the financial services provider’s stock worth $805,993,000 after acquiring an additional 1,019,096 shares during the period. BlackRock Inc. lifted its position in The Carlyle Group by 78.1% during the 4th quarter. BlackRock Inc. now owns 14,236,611 shares of the financial services provider’s stock worth $781,588,000 after acquiring an additional 6,242,032 shares during the period. State Street Corp lifted its position in The Carlyle Group by 12.0% during the 4th quarter. State Street Corp now owns 3,992,265 shares of the financial services provider’s stock worth $219,175,000 after acquiring an additional 428,537 shares during the period. Finally, Millennium Management LLC lifted its position in The Carlyle Group by 3,124.5% during the 3rd quarter. Millennium Management LLC now owns 3,782,468 shares of the financial services provider’s stock worth $178,835,000 after acquiring an additional 3,665,164 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

The Carlyle Group Company Profile (Get Rating)

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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