The Carlyle Group (NASDAQ:CG) Given New $85.00 Price Target at Oppenheimer

The Carlyle Group (NASDAQ:CG) had its price objective raised by Oppenheimer from $78.00 to $85.00 in a research note published on Monday,Benzinga reports. Oppenheimer currently has an outperform rating on the financial services provider’s stock.

A number of other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. increased their target price on The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. JMP Securities reissued a “market outperform” rating and set a $60.00 target price on shares of The Carlyle Group in a research report on Wednesday, October 9th. UBS Group raised their price target on shares of The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Evercore ISI increased their price objective on The Carlyle Group from $45.00 to $47.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. Finally, TD Cowen upped their price target on The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Friday. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $53.33.

The Carlyle Group Stock Performance

Shares of CG stock opened at $53.30 on Monday. The stock has a market capitalization of $19.00 billion, a PE ratio of 183.79, a PEG ratio of 1.33 and a beta of 1.70. The business’s 50 day simple moving average is $45.88 and its 200 day simple moving average is $43.47. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.55. The Carlyle Group has a one year low of $29.56 and a one year high of $54.52.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.08. The company had revenue of $895.00 million during the quarter, compared to analyst estimates of $908.17 million. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The Carlyle Group’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.87 EPS. As a group, research analysts forecast that The Carlyle Group will post 3.72 earnings per share for the current year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Monday, November 18th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Monday, November 18th. The Carlyle Group’s dividend payout ratio is 482.76%.

Insider Transactions at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 275,000 shares of The Carlyle Group stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $2.20, for a total transaction of $605,000.00. Following the sale, the insider now directly owns 2,405,461 shares of the company’s stock, valued at approximately $5,292,014.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 1,676,014 shares of company stock worth $3,687,196. Company insiders own 27.20% of the company’s stock.

Institutional Trading of The Carlyle Group

A number of hedge funds have recently made changes to their positions in the stock. National Bank of Canada FI raised its holdings in The Carlyle Group by 58.8% in the first quarter. National Bank of Canada FI now owns 404,036 shares of the financial services provider’s stock worth $18,953,000 after buying an additional 149,612 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new stake in The Carlyle Group during the 1st quarter valued at $627,000. Capital Group Private Client Services Inc. bought a new stake in shares of The Carlyle Group in the 1st quarter worth $3,021,000. Cetera Investment Advisers lifted its holdings in shares of The Carlyle Group by 292.1% during the first quarter. Cetera Investment Advisers now owns 33,560 shares of the financial services provider’s stock valued at $1,574,000 after purchasing an additional 25,002 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of The Carlyle Group by 182.1% during the second quarter. Assenagon Asset Management S.A. now owns 387,332 shares of the financial services provider’s stock valued at $15,551,000 after buying an additional 250,021 shares during the last quarter. 55.88% of the stock is owned by institutional investors.

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.