Barclays Cuts The Carlyle Group (NASDAQ:CG) Price Target to $46.00

The Carlyle Group (NASDAQ:CG) had its price target cut by Barclays from $51.00 to $46.00 in a research note published on Tuesday morning, Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

A number of other brokerages have also recently commented on CG. Oppenheimer cut their price target on shares of The Carlyle Group from $69.00 to $64.00 and set an outperform rating for the company in a research note on Tuesday. Deutsche Bank Aktiengesellschaft upped their price target on The Carlyle Group from $52.00 to $55.00 and gave the company a buy rating in a research report on Tuesday. JPMorgan Chase & Co. cut The Carlyle Group from an overweight rating to a neutral rating and cut their price objective for the company from $46.00 to $44.00 in a report on Tuesday. The Goldman Sachs Group lowered their target price 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, May 2nd. Finally, Keefe, Bruyette & Woods cut their price target on shares of The Carlyle Group from $48.00 to $46.00 and set a market perform rating for the company in a report on Tuesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, The Carlyle Group has an average rating of Hold and a consensus target price of $45.57.

The Carlyle Group Stock Performance

CG stock traded up $0.36 during trading on Tuesday, reaching $39.59. 497,512 shares of the stock were exchanged, compared to its average volume of 2,288,641. The stock has a 50 day simple moving average of $42.34 and a 200-day simple moving average of $43.66. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 1.53. The company has a market capitalization of $14.25 billion, a P/E ratio of -21.92, a price-to-earnings-growth ratio of 1.38 and a beta of 1.75. The Carlyle Group has a twelve month low of $27.13 and a twelve month high of $50.92.

The Carlyle Group (NASDAQ:CG) 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 analysts’ consensus estimates of $0.83 by ($0.05). The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $808.73 million. During the same quarter in the prior year, the firm posted $0.88 earnings per share. The business’s revenue for the quarter was up 131.5% on a year-over-year basis. As a group, sell-side analysts anticipate that The Carlyle Group will post 3.87 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 26th. Investors of record on Friday, August 16th will be given a $0.35 dividend. The ex-dividend date is Friday, August 16th. This represents a $1.40 dividend on an annualized basis and a yield of 3.54%. The Carlyle Group’s payout ratio is -78.21%.

Insider Buying and Selling at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 169,467 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $42.10, for a total value of $7,134,560.70. Following the transaction, the insider now directly owns 8,724,346 shares in the company, valued at $367,294,966.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have sold 2,183,379 shares of company stock worth $79,577,951. Company insiders own 27.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Tobam bought a new stake in The Carlyle Group in the second quarter valued at about $27,000. SYSTM Wealth Solutions LLC acquired a new position in shares of The Carlyle Group during the 1st quarter worth about $34,000. Blue Trust Inc. increased its stake in shares of The Carlyle Group by 506.3% in the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 643 shares during the last quarter. Global Retirement Partners LLC boosted its stake in The Carlyle Group by 41.2% during the 1st quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 247 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new position in The Carlyle Group during the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

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.