Carlyle Group Inc. (NASDAQ:CG - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $59.28 and last traded at $57.64, with a volume of 3602355 shares trading hands. The stock had previously closed at $58.97.

CG has been the subject of several recent research reports. Barclays restated an "overweight" rating and issued a $64.00 price objective (up from $49.00) on shares of Carlyle Group in a report on Thursday, July 10th. Morgan Stanley decreased their price objective on Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. TD Cowen upgraded Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price objective for the company in a report on Wednesday, May 14th. Keefe, Bruyette & Woods lifted their price objective on Carlyle Group from $43.00 to $45.00 and gave the company a "market perform" rating in a report on Monday, May 12th. Finally, Evercore ISI lifted their price objective on Carlyle Group from $45.00 to $58.00 and gave the company an "in-line" rating in a report on Thursday, July 10th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $57.73.

View Our Latest Stock Analysis on Carlyle Group

The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 1.56. The company has a 50-day simple moving average of $48.49 and a 200 day simple moving average of $47.07. The firm has a market cap of $20.82 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 1.13 and a beta of 1.86.

Carlyle Group (NASDAQ:CG - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The financial services provider reported $1.14 EPS for the quarter, topping the consensus estimate of $0.97 by $0.17. The business had revenue of $973.10 million for the quarter, compared to analyst estimates of $972.27 million. Carlyle Group had a return on equity of 23.78% and a net margin of 19.00%. The business's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.01 EPS. As a group, sell-side analysts forecast that Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend was Monday, May 19th. Carlyle Group's payout ratio is 47.46%.

Several hedge funds have recently added to or reduced their stakes in CG. Main Street Group LTD acquired a new stake in shares of Carlyle Group in the 4th quarter worth $29,000. Whipplewood Advisors LLC increased its stake in shares of Carlyle Group by 5,100.0% in the 1st quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider's stock worth $25,000 after acquiring an additional 561 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of Carlyle Group in the 4th quarter worth $32,000. Private Trust Co. NA increased its stake in shares of Carlyle Group by 101.9% in the 1st quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock worth $28,000 after acquiring an additional 321 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of Carlyle Group by 755.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider's stock worth $28,000 after acquiring an additional 574 shares during the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

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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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