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The Carlyle Group Inc. (NASDAQ:CG) Receives Consensus Recommendation of “Hold” from


The Carlyle Group Inc. (NASDAQ:CGGet Rating) has earned an average rating of “Hold” from the fifteen ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $44.46.

CG has been the topic of several research reports. The Goldman Sachs Group reduced their price target on shares of The Carlyle Group from $58.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, June 29th. Royal Bank of Canada cut their target price on shares of The Carlyle Group from $15.00 to $11.00 and set an “outperform” rating on the stock in a research note on Thursday, August 11th. Evercore ISI lowered shares of The Carlyle Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $55.00 to $38.00 in a research note on Wednesday, August 10th. TheStreet lowered shares of The Carlyle Group from a “b-” rating to a “c” rating in a research note on Thursday, July 28th. Finally, JMP Securities assumed coverage on shares of The Carlyle Group in a research note on Wednesday, June 8th. They set an “outperform” rating and a $60.00 target price on the stock.

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 9,925 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $20.25, for a total transaction of $200,981.25. Following the transaction, the insider now directly owns 2,960,231 shares in the company, valued at $59,944,677.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, General Counsel Jeffrey W. Ferguson sold 9,070 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $37.85, for a total transaction of $343,299.50. Following the completion of the sale, the general counsel now directly owns 1,028,736 shares of the company’s stock, valued at $38,937,657.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Carlyle Group Inc. sold 9,925 shares of the stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $20.25, for a total value of $200,981.25. Following the sale, the insider now directly owns 2,960,231 shares of the company’s stock, valued at $59,944,677.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 630,787 shares of company stock worth $29,311,622. Insiders own 29.80% of the company’s stock.

Institutional Investors Weigh In On The Carlyle Group

Several hedge funds have recently modified their holdings of CG. Bank of Nova Scotia lifted its holdings in The Carlyle Group by 345.4% in the second quarter. Bank of Nova Scotia now owns 2,466,850 shares of the financial services provider’s stock valued at $78,100,000 after acquiring an additional 1,912,977 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in The Carlyle Group by 1,026.5% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,068,346 shares of the financial services provider’s stock valued at $65,484,000 after acquiring an additional 1,884,732 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in The Carlyle Group by 10,648.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,590,270 shares of the financial services provider’s stock valued at $74,297,000 after acquiring an additional 1,575,474 shares during the period. BlackRock Inc. lifted its holdings in The Carlyle Group by 7.2% in the first quarter. BlackRock Inc. now owns 15,257,115 shares of the financial services provider’s stock valued at $746,227,000 after acquiring an additional 1,020,504 shares during the period. Finally, Davis Capital Partners LLC acquired a new stake in The Carlyle Group in the first quarter valued at $48,910,000. 94.38% of the stock is owned by institutional investors and hedge funds.

The Carlyle Group Price Performance

The Carlyle Group stock opened at $26.24 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 2.63 and a current ratio of 2.63. The company has a market capitalization of $9.48 billion, a price-to-earnings ratio of 4.80, a price-to-earnings-growth ratio of 0.28 and a beta of 1.66. The company’s 50 day simple moving average is $33.20 and its 200-day simple moving average is $36.73. The Carlyle Group has a 1 year low of $26.04 and a 1 year high of $60.62.

The Carlyle Group (NASDAQ:CGGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.06. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.17 billion. The Carlyle Group had a net margin of 31.86% and a return on equity of 40.15%. As a group, equities research analysts expect that The Carlyle Group will post 4.03 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 16th. Stockholders of record on Tuesday, August 9th were given a dividend of $0.325 per share. The ex-dividend date was Monday, August 8th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 4.95%. The Carlyle Group’s dividend payout ratio (DPR) is presently 23.77%.

About The Carlyle Group

(Get Rating)

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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Analyst Recommendations for The Carlyle Group (NASDAQ:CG)

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