Evercore ISI Boosts The Carlyle Group (NASDAQ:CG) Price Target to $47.00

by · The Cerbat Gem

The Carlyle Group (NASDAQ:CG – Free Report) had its price target hoisted by Evercore ISI from $45.00 to $47.00 in a research note published on Monday, Benzinga reports. They currently have an in-line rating on the financial services provider’s stock.

A number of other research firms also recently issued reports on CG. Redburn Atlantic initiated coverage on shares of The Carlyle Group in a research note on Tuesday, August 27th. They set a “buy” rating and a $55.00 price objective on the stock. Keefe, Bruyette & Woods cut their target price 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. UBS Group decreased their price target on shares of The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Finally, Barclays boosted their price target on The Carlyle Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, The Carlyle Group currently has a consensus rating of “Hold” and an average target price of $50.27.

Read Our Latest Stock Analysis on The Carlyle Group

The Carlyle Group Stock Up 3.9 %

NASDAQ:CG opened at $51.34 on Monday. The stock has a fifty day simple moving average of $42.26 and a 200-day simple moving average of $42.93. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.75. The company has a market cap of $18.48 billion, a price-to-earnings ratio of -28.68, a price-to-earnings-growth ratio of 1.25 and a beta of 1.73. The Carlyle Group has a twelve month low of $27.13 and a twelve month high of $51.40.

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

The Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Friday, August 16th were given a $0.35 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.73%. The Carlyle Group’s dividend payout ratio (DPR) is currently -78.21%.

Insider Activity at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 135,241 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $35.31, for a total value of $4,775,359.71. Following the completion of the sale, the insider now owns 10,427,317 shares of the company’s stock, valued at approximately $368,188,563.27. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 2,818,699 shares of company stock worth $48,506,781 in the last 90 days. Corporate insiders own 27.20% of the company’s stock.

Institutional Investors Weigh In On The Carlyle Group

Several large investors have recently bought and sold shares of CG. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of The Carlyle Group during the fourth quarter worth $3,092,000. Virtu Financial LLC acquired a new stake in The Carlyle Group in the 4th quarter valued at about $630,000. American International Group Inc. lifted its stake in The Carlyle Group by 16,334.3% in the 4th quarter. American International Group Inc. now owns 292,367 shares of the financial services provider’s stock worth $11,896,000 after purchasing an additional 290,588 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of The Carlyle Group by 7.6% during the 4th 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 last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of The Carlyle Group by 12.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 29,192 shares of the financial services provider’s stock valued at $1,188,000 after purchasing an additional 3,145 shares during the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

About The Carlyle Group

(Get Free Report)

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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