The Carlyle Group (NASDAQ:CG) Price Target Lowered to $68.00 at Oppenheimer

The Carlyle Group (NASDAQ:CG) had its target price trimmed by Oppenheimer from $74.00 to $68.00 in a research note published on Thursday morning, Benzinga reports. The firm currently has an outperform rating on the financial services provider’s stock.

Other analysts also recently issued reports about the company. Barclays upped their target price on The Carlyle Group from $55.00 to $56.00 and gave the company an overweight rating in a research report on Monday, April 8th. Morgan Stanley raised their target price on shares of The Carlyle Group from $34.00 to $40.00 and gave the company an equal weight rating in a report on Wednesday, January 24th. TheStreet lowered shares of The Carlyle Group from a b- rating to a c rating in a research report on Wednesday, February 7th. TD Cowen assumed coverage on shares of The Carlyle Group in a research report on Thursday, January 4th. They set a market perform rating and a $42.00 price objective for the company. Finally, Citigroup lifted their price target on The Carlyle Group from $41.00 to $45.00 and gave the company a neutral rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, The Carlyle Group has an average rating of Hold and an average price target of $44.73.

The Carlyle Group Trading Up 1.2 %

CG stock opened at $41.06 on Thursday. The stock has a market cap of $14.87 billion, a price-to-earnings ratio of -22.94, a price-to-earnings-growth ratio of 0.87 and a beta of 1.77. The company has a fifty day moving average price of $45.75 and a two-hundred day moving average price of $40.09. The Carlyle Group has a one year low of $25.20 and a one year high of $48.52. 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 Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data 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 positive return on equity of 23.92% and a negative net margin of 23.04%. The business’s revenue was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.63 earnings per share. Equities analysts anticipate that The Carlyle Group will post 3.94 EPS for the current year.

The Carlyle Group Dividend Announcement

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

Insider Buying and Selling

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 bought at an average cost of $12.95 per share, for a total transaction of $2,460,500.00. Following the acquisition, the insider now directly owns 1,066,189 shares in the company, valued at $13,807,147.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 27.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On The Carlyle Group

Several institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in shares of The Carlyle Group by 22.8% in the 1st quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock worth $54,000 after buying an additional 215 shares during the last quarter. Riverwater Partners LLC boosted its position in The Carlyle Group by 1.1% in the first quarter. Riverwater Partners LLC now owns 21,761 shares of the financial services provider’s stock worth $1,021,000 after purchasing an additional 228 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of 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 valued at $40,000 after purchasing an additional 247 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of The Carlyle Group by 11.5% during the 1st quarter. Fifth Third Bancorp now owns 2,442 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 251 shares during the period. Finally, IFM Investors Pty Ltd increased its holdings in The Carlyle Group by 0.6% during the first quarter. IFM Investors Pty Ltd now owns 46,829 shares of the financial services provider’s stock worth $2,197,000 after buying an additional 293 shares during the last quarter. Institutional investors 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.