Barclays Boosts The Carlyle Group (NASDAQ:CG) Price Target to $60.00

The Carlyle Group (NASDAQ:CG) had its price objective increased by Barclays from $59.00 to $60.00 in a report released on Monday morning,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

Other equities analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods boosted their target price on shares of The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday, November 8th. TD Cowen increased their target price on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Oppenheimer lifted their price target on The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Evercore ISI raised their price objective on The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a report on Monday, October 14th. Finally, JPMorgan Chase & Co. upped their target price on The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, The Carlyle Group presently has a consensus rating of “Hold” and an average target price of $54.44.

The Carlyle Group Trading Up 4.0 %

NASDAQ CG opened at $53.90 on Monday. The Carlyle Group has a 1 year low of $36.65 and a 1 year high of $55.11. 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 company has a market capitalization of $19.28 billion, a PE ratio of 185.86, a P/E/G ratio of 1.45 and a beta of 1.69. The company has a fifty day moving average of $51.93 and a 200 day moving average of $46.68.

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

The Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend was Monday, November 18th. The Carlyle Group’s dividend payout ratio (DPR) is presently 482.76%.

Insider Activity

In other The Carlyle Group news, Director Daniel A. D’aniello sold 495,542 shares of The Carlyle Group stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total value of $25,535,279.26. Following the sale, the director now owns 32,504,102 shares in the company, valued at $1,674,936,376.06. The trade was a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 27.20% of the company’s stock.

Institutional Trading of The Carlyle Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Herbst Group LLC increased its holdings in The Carlyle Group by 4.9% in the 4th quarter. Herbst Group LLC now owns 41,475 shares of the financial services provider’s stock valued at $2,094,000 after purchasing an additional 1,950 shares during the last quarter. HB Wealth Management LLC raised its holdings in shares of The Carlyle Group by 37.2% in the 4th quarter. HB Wealth Management LLC now owns 11,380 shares of the financial services provider’s stock valued at $575,000 after buying an additional 3,088 shares during the period. Arkadios Wealth Advisors purchased a new position in The Carlyle Group during the 4th quarter valued at about $1,017,000. Retirement Wealth Solutions LLC acquired a new position in The Carlyle Group in the 4th quarter valued at about $57,000. Finally, Avanza Fonder AB acquired a new stake in shares of The Carlyle Group during the fourth quarter worth about $827,000. 55.88% of the stock is owned by institutional investors and hedge funds.

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.