The Carlyle Group Inc. (NASDAQ:CG – Get Rating) – Oppenheimer equity research analysts cut their fiscal 2022 earnings per share estimates for shares of The Carlyle Group in a report released Tuesday. October 18. Oppenheimer analyst C. Kotowski now expects the financial services provider to post earnings per share of $3.80 for the year, down from its previous estimate of $3.92. The consensus estimate for The Carlyle Group’s current annual earnings is $3.98 per share. Oppenheimer also released earnings estimates for the Carlyle Group for the fourth quarter of 2022 at $0.84 EPS.
The Carlyle Group (NASDAQ:CG – Get Rating) last released its quarterly results on Thursday, July 28. The financial services provider reported earnings per share (EPS) of $1.17 for the quarter, beating analyst consensus estimates of $1.11 by $0.06. The Carlyle Group had a return on equity of 40.15% and a net margin of 31.86%. The company posted revenue of $1.16 billion in the quarter, compared to analysts’ estimates of $1.17 billion.
A number of other equity research analysts have also published reports on the company. Jefferies Financial Group downgraded The Carlyle Group from a “buy” rating to a “hold” rating and lowered its price target for the stock from $55.00 to $38.00 in a Tuesday 9 research note. august. UBS Group raised its price target on The Carlyle Group from $34.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, August 1. Credit Suisse Group began covering the Carlyle Group in a research report on Tuesday. They set an “outperform” rating and a price target of $38.50 for the company. JMP Securities cut its price target on The Carlyle Group from $60.00 to $58.00 and set a “market outperformance” rating for the company in a Tuesday, October 11 research report. Finally, Deutsche Bank Aktiengesellschaft lowered its price target on The Carlyle Group from $43.00 to $36.00 and set a “buy” rating for the company in a Wednesday, October 12 research report. Two analysts have assigned the stock a sell rating, five have assigned a hold rating and eight have assigned the stock a buy rating. According to data from MarketBeat.com, The Carlyle Group currently has an average rating of “Hold” and a consensus price target of $43.90.
Carlyle Group down 3.6%
Shares of CG opened at $25.90 on Thursday. The Carlyle Group has a 52-week low of $24.59 and a 52-week high of $60.62. The company has a debt ratio of 1.24, a quick ratio of 2.63 and a current ratio of 2.63. The company has a market capitalization of $9.36 billion, a PE ratio of 4.73, a PEG ratio of 0.27 and a beta of 1.68. The stock has a fifty-day simple moving average of $30.40 and a two-hundred-day simple moving average of $34.68.
The Carlyle Group announces dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 16. Shareholders of record on Tuesday, August 9 received a dividend of $0.325. This represents an annualized dividend of $1.30 and a yield of 5.02%. The ex-dividend date was Monday, August 8. The Carlyle Group payout ratio is currently 23.77%.
Insiders place their bets
In other news, CAO Charles Elliott Jr. Andrews sold 4,698 Carlyle Group shares in a trade that took place on Monday August 1. The shares were sold at an average price of $37.85, for a total transaction of $177,819.30. Following the completion of the sale, the accounting director now owns 35,796 shares of the company, valued at $1,354,878.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. In other news, Chief Financial Officer Curtis L. Buser sold 38,890 Carlyle Group shares in a trade that took place on Monday, August 1. The shares were sold at an average price of $37.85, for a total transaction of $1,471,986.50. Following the completion of the sale, the CFO now owns 1,094,484 shares of the company, valued at $41,426,219.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, CAO Charles Elliott Jr. Andrews sold 4,698 Carlyle Group shares in a trade that took place on Monday, August 1. The shares were sold at an average price of $37.85, for a total transaction of $177,819.30. As a result of the transaction, the chief accounting officer now directly owns 35,796 shares of the company, valued at $1,354,878.60. The disclosure of this sale can be found here. Insiders sold a total of 630,787 shares of the company worth $29,311,622 in the past 90 days. Insiders hold 29.80% of the shares of the company.
Hedge funds weigh on the Carlyle Group
Several institutional investors have recently bought and sold shares of CG. The Bank of Nova Scotia increased its stake in The Carlyle Group by 345.4% during the second quarter. The Bank of Nova Scotia now owns 2,466,850 shares of the financial services provider valued at $78,100,000 after purchasing an additional 1,912,977 shares during the period. The Healthcare of Ontario Pension Plan Trust Fund increased its holdings in The Carlyle Group by 1,026.5% in the second quarter. The Healthcare of Ontario Pension Plan Trust Fund now owns 2,068,346 shares of the financial services provider worth $65,484,000 after purchasing an additional 1,884,732 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake 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 worth $74,297,000 after buying an additional 1,575,474 shares in the last quarter. BlackRock Inc. increased its stake in The Carlyle Group by 7.2% in the first quarter. BlackRock Inc. now owns 15,257,115 shares of the financial services provider worth $746,227,000 after buying an additional 1,020,504 shares in the last quarter. Finally, Davis Capital Partners LLC bought a new position in The Carlyle Group in the first quarter worth $48,910,000. 94.38% of the shares are held by hedge funds and other institutional investors.
Carlyle Group Company Profile
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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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