Shares of The Carlyle Group Inc. (NASDAQ:CG – Get a rating) received a consensus recommendation of “Hold” by the seventeen analysts who cover the company, MarketBeat.com reports. One investment analyst gave the stock a sell rating, six gave the company a hold rating and seven gave the company a buy rating. The 12-month average price target among analysts who have updated their coverage of the stock over the past year is $39.90.
Several research companies have recently commented on CG. JMP Securities cut its price target on shares of The Carlyle Group from $58.00 to $54.00 and set a “market outperformance” rating on the stock in a Wednesday, Nov. 9 research report. Bank of America reissued an “underperform” rating and released a price target of $34.00 on shares of The Carlyle Group in a research report on Thursday, October 6. Piper Sandler reduced her price target on The Carlyle Group from $68.00 to $62.00 in a Tuesday, October 11 research report. BMO Capital Markets cut its price target on The Carlyle Group from $57.00 to $50.00 and set an “outperform” rating for the stock in a Thursday, November 10 research report. Finally, JPMorgan Chase & Co. cut its price target on The Carlyle Group from $53.00 to $45.00 and set an “overweight” rating on the stock in a Tuesday, October 18 research report.
Hedge funds weigh on the Carlyle Group
Major investors have recently been buying and selling stocks. Vanguard Group Inc. increased its stake in shares of The Carlyle Group by 6.0% in Q3. Vanguard Group Inc. now owns 24,132,777 shares of the financial services provider valued at $623,591,000 after acquiring an additional 1,376,229 shares during the period. BlackRock Inc. increased its stake in shares of The Carlyle Group by 7.2% in Q1. BlackRock Inc. now owns 15,257,115 shares of the financial services provider valued at $746,227,000 after acquiring an additional 1,020,504 shares during the period. State Street Corp increased its stake in shares of The Carlyle Group by 13.2% in the third quarter. State Street Corp now owns 5,193,757 shares of the financial services provider valued at $134,207,000 after acquiring an additional 605,112 shares during the period. Beutel Goodman & Co Ltd. acquired a new stake in The Carlyle Group during Q3 valued at $106,404,000. Finally, Assenagon Asset Management SA increased its stake in The Carlyle Group by 188.8% during the 3rd quarter. Assenagon Asset Management SA now owns 3,478,396 shares of the financial services provider worth $89,882,000 after purchasing an additional 2,274,025 shares during the period. Hedge funds and other institutional investors hold 94.38% of the company’s shares.
Carlyle Group shares down 1.1%
CG action opened at $28.29 on Friday. The company has a market capitalization of $10.29 billion, a PE ratio of 5.92 and a beta of 1.68. The company has a debt ratio of 1.16, a quick ratio of 2.59 and a current ratio of 2.60. The company’s 50-day moving average price is $28.00 and its 200-day moving average price is $32.56. The Carlyle Group has a one-year low of $24.59 and a one-year high of $59.60.
The Carlyle Group announces dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, November 25. Shareholders of record on Friday, November 18 will receive a dividend of $0.325 per share. This represents a dividend of $1.30 on an annualized basis and a yield of 4.60%. The ex-dividend date is Thursday, November 17. The Carlyle Group’s dividend payout rate is currently 27.20%.
About The Carlyle Group
The Carlyle Group Inc is an investment company specializing in direct investments and funds of funds. Within direct investments, she specializes in management led/leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and medium-sized enterprises market, private equity placements, consolidations and accumulations, senior debt, mezzanine and leveraged financing and venture capital and growth capital financings, seed/start-up, company start-up , emerging growth, turnaround, middle business, late business, PIPES.
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