The Carlyle Group (NASDAQ:CG) Price Target Cut to $45.00 by Analysts at TD Cowen

The Carlyle Group (NASDAQ:CG) had its price objective reduced by TD Cowen from $49.00 to $45.00 in a research note published on Thursday, Benzinga reports. They currently have a hold rating on the financial services provider’s stock.

Other equities analysts also recently issued reports about the company. Citigroup raised their price objective on The Carlyle Group from $41.00 to $45.00 and gave the stock a neutral rating in a research report on Thursday, February 8th. Barclays upped their target price on The Carlyle Group from $55.00 to $56.00 and gave the company an overweight rating in a report on Monday, April 8th. Oppenheimer reduced their target price on shares of The Carlyle Group from $74.00 to $68.00 and set an outperform rating for the company in a research report on Thursday. UBS Group upped their price target on shares of 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, The Goldman Sachs Group lowered their price target on shares of The Carlyle Group from $54.00 to $48.00 and set a buy rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $44.25.

The Carlyle Group Stock Up 1.2 %

CG stock traded up $0.48 during midday trading on Thursday, hitting $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 Carlyle Group has a twelve month low of $25.20 and a twelve month high of $48.52. The stock has a market capitalization of $14.87 billion, a P/E ratio of -22.94, a PEG ratio of 0.86 and a beta of 1.77. 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 company’s fifty day moving average price is $45.75 and its 200 day moving average price is $40.02.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.09. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $986.10 million. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The Carlyle Group’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.63 EPS. As a group, equities research analysts predict that The Carlyle Group will post 3.98 EPS for the current year.

The Carlyle Group Dividend Announcement

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

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. bought 190,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average cost of $12.95 per share, for a total transaction of $2,460,500.00. Following the completion of the purchase, the insider now owns 1,066,189 shares of the company’s stock, valued at $13,807,147.55. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 27.20% of the company’s stock.

Institutional Trading of The Carlyle Group

Several hedge funds and other institutional investors have recently made changes to their positions in CG. SYSTM Wealth Solutions LLC acquired a new stake in shares of The Carlyle Group in the first quarter worth approximately $34,000. CVA Family Office LLC bought a new stake in The Carlyle Group during the fourth quarter valued at $35,000. GAMMA Investing LLC bought a new position in shares of The Carlyle Group during the fourth quarter valued at approximately $38,000. Global Retirement Partners LLC lifted its stake in The Carlyle Group by 41.2% in 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 during the last quarter. Finally, Clear Street Markets LLC acquired a new stake in shares of The Carlyle Group in the third quarter valued at approximately $50,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

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.