Barclays Boosts The Carlyle Group (NASDAQ:CG) Price Target to $59.00

The Carlyle Group (NASDAQ:CG) had its target price boosted by Barclays from $57.00 to $59.00 in a report published on Monday morning,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

A number of other equities research analysts also recently weighed in on CG. Keefe, Bruyette & Woods lifted their target price on The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, November 8th. Wells Fargo & Company boosted their target price on shares of The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft decreased their price target 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. Redburn Atlantic started coverage on shares of The Carlyle Group in a research report on Tuesday, August 27th. They set a “buy” rating and a $55.00 price objective on the stock. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $60.00 price target on shares of The Carlyle Group in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $53.47.

The Carlyle Group Price Performance

The Carlyle Group stock opened at $54.81 on Monday. The firm has a market cap of $19.60 billion, a P/E ratio of 189.00, a P/E/G ratio of 1.40 and a beta of 1.69. The stock’s 50 day moving average is $50.93 and its 200 day moving average is $44.92. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32. The Carlyle Group has a one year low of $36.65 and a one year high of $55.11.

The Carlyle Group (NASDAQ:CG) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The business had revenue of $895.00 million during the quarter, compared to the consensus estimate of $908.17 million. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The Carlyle Group’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.87 earnings per share. As a group, research analysts expect that The Carlyle Group will post 3.77 EPS for the current year.

The Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were paid a dividend of $0.35 per share. The ex-dividend date was Monday, November 18th. This represents a $1.40 annualized dividend and a dividend yield of 2.55%. The Carlyle Group’s payout ratio is 482.76%.

Insider Activity at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 92,905 shares of the company’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $2.27, for a total transaction of $210,894.35. Following the sale, the insider now directly owns 3,155,461 shares in the company, valued at $7,162,896.47. This represents a 2.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Daniel A. D’aniello sold 495,542 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the transaction, the director now directly owns 32,504,102 shares of the company’s stock, valued at approximately $1,674,936,376.06. This represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,171,556 shares of company stock worth $29,222,475. Company insiders own 27.20% of the company’s stock.

Hedge Funds Weigh In On The Carlyle Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CG. Westbourne Investment Advisors Inc. grew its position in The Carlyle Group by 3.6% during the third quarter. Westbourne Investment Advisors Inc. now owns 5,700 shares of the financial services provider’s stock valued at $245,000 after acquiring an additional 200 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in shares of The Carlyle Group by 0.5% during the 3rd quarter. Bleakley Financial Group LLC now owns 41,742 shares of the financial services provider’s stock valued at $1,797,000 after purchasing an additional 208 shares during the last quarter. Tobam lifted its stake in The Carlyle Group by 32.8% in the third quarter. Tobam now owns 890 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 220 shares during the last quarter. Western Pacific Wealth Management LP boosted its position in The Carlyle Group by 10.6% during the third quarter. Western Pacific Wealth Management LP now owns 3,284 shares of the financial services provider’s stock valued at $141,000 after buying an additional 314 shares during the period. Finally, Mercer Global Advisors Inc. ADV grew its stake in shares of The Carlyle Group by 0.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 61,684 shares of the financial services provider’s stock valued at $2,484,000 after buying an additional 318 shares during the last quarter. 55.88% of the stock is currently 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.