3 days Ago By ABMN Staff
Wells Fargo & Company began coverage on shares of The Carlyle Group ( NASDAQ:CG – Free Report ) in a report published on Thursday, Marketbeat reports. The brokerage issued an equal weight rating and a $42.00 price target on the financial services provider’s stock.
Several other analysts have also issued reports on CG. TD Cowen lifted their target price on shares of The Carlyle Group from $41.00 to $42.
00 and gave the company a hold rating in a research report on Tuesday, August 6th. Keefe, Bruyette & Woods cut their price objective on The Carlyle Group from $48.00 to $46.
00 and set a market perform rating for the company in a research note on Tuesday, August 6th. Redburn Atlantic assumed coverage on The Carlyle Group in a research report on Tuesday, August 27th. They issued a buy rating and a $55.
00 target price on the stock. UBS Group dropped their price target on The Carlyle Group from $45.00 to $44.
00 and set a neutral rating for the company in a research report on Wednesday, July 10th. Finally, Oppenheimer decreased their price objective on The Carlyle Group from $69.00 to $64.
00 and set an outperform rating on the stock in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $45.
81. Get Our Latest Analysis on The Carlyle Group The Carlyle Group Stock Up 3.3 % The Carlyle Group ( NASDAQ:CG – Get Free Report ) last released its quarterly earnings results on Monday, August 5th.
The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.
05). The Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.
30%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $808.
73 million. During the same quarter in the prior year, the business posted $0.88 EPS.
The firm’s quarterly revenue was up 131.5% compared to the same quarter last year. As a group, sell-side analysts expect that The Carlyle Group will post 3.
76 EPS for the current year. The Carlyle Group Announces Dividend The company also recently declared a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 16th were given a dividend of $0.
35 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.
40 annualized dividend and a dividend yield of 3.50%. The Carlyle Group’s dividend payout ratio is currently -78.
21%. Insider Buying and Selling In other news, major shareholder Carlyle Group Inc. sold 169,467 shares of the firm’s stock in a transaction dated Friday, August 2nd.
The stock was sold at an average price of $42.10, for a total transaction of $7,134,560.70.
Following the sale, the insider now owns 8,724,346 shares of the company’s stock, valued at approximately $367,294,966.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink .
Insiders sold 1,969,673 shares of company stock valued at $71,897,412 in the last three months. 27.20% of the stock is owned by corporate insiders.
Institutional Trading of The Carlyle Group Several large investors have recently bought and sold shares of the company. Norges Bank purchased a new position in shares of The Carlyle Group during the 4th quarter worth $130,771,000. Capital International Investors acquired a new stake in The Carlyle Group during the 1st quarter valued at $142,511,000.
Boston Partners acquired a new position in shares of The Carlyle Group in the first quarter worth about $109,122,000. Vanguard Group Inc. boosted its stake in shares of The Carlyle Group by 7.
6% during the 4th quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock valued at $1,012,212,000 after buying an additional 1,756,189 shares during the last quarter.
Finally, Goldman Sachs Group Inc. grew its holdings in The Carlyle Group by 194.2% during the 4th quarter.
Goldman Sachs Group Inc. now owns 2,593,761 shares of the financial services provider’s stock worth $105,540,000 after acquiring an additional 1,712,133 shares in the last quarter. Institutional investors and hedge funds own 55.
88% of the company’s stock. About The Carlyle Group ( Get Free Report ) 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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