The Carlyle Group (NASDAQ:CG) Price Target Cut to $39.00 by Analysts at Citigroup

The Carlyle Group (NASDAQ:CG) had its price objective decreased by Citigroup from $55.00 to $39.00 in a research report report published on Tuesday morning,Benzinga reports. Citigroup currently has a neutral rating on the financial services provider’s stock.

Other equities analysts have also issued reports about the stock. Evercore ISI boosted their target price on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a report on Wednesday, February 12th. Oppenheimer lowered The Carlyle Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. Bank of America reduced their target price on The Carlyle Group from $47.00 to $46.00 and set an “underperform” rating on the stock in a research report on Friday, April 4th. Barclays lowered their price target on The Carlyle Group from $55.00 to $43.00 and set an “overweight” rating for the company in a report on Monday. Finally, StockNews.com cut shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, The Carlyle Group has a consensus rating of “Hold” and a consensus target price of $51.06.

The Carlyle Group Price Performance

NASDAQ:CG opened at $36.63 on Tuesday. The stock has a 50 day moving average price of $45.56 and a 200 day moving average price of $49.26. The stock has a market cap of $13.23 billion, a PE ratio of 13.18, a P/E/G ratio of 0.98 and a beta of 1.72. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32. The Carlyle Group has a one year low of $33.02 and a one year high of $57.50.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. Equities research analysts expect that The Carlyle Group will post 4.48 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.40 annualized dividend and a dividend yield of 3.82%. The Carlyle Group’s dividend payout ratio (DPR) is 50.36%.

Institutional Investors Weigh In On The Carlyle Group

Hedge funds have recently bought and sold shares of the stock. Whipplewood Advisors LLC grew its position in shares of The Carlyle Group by 5,100.0% during the first quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider’s stock worth $25,000 after buying an additional 561 shares in the last quarter. Sterneck Capital Management LLC grew its holdings in The Carlyle Group by 61.8% during the 1st quarter. Sterneck Capital Management LLC now owns 10,469 shares of the financial services provider’s stock worth $456,000 after acquiring an additional 4,000 shares in the last quarter. GAMMA Investing LLC increased its position in shares of The Carlyle Group by 4,898.1% in the 1st quarter. GAMMA Investing LLC now owns 273,048 shares of the financial services provider’s stock valued at $11,902,000 after purchasing an additional 267,585 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of The Carlyle Group by 4.1% in the 4th quarter. Wellington Management Group LLP now owns 8,664 shares of the financial services provider’s stock valued at $437,000 after purchasing an additional 344 shares in the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of The Carlyle Group during the fourth quarter worth $3,747,000. 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.