Morgan Stanley Cuts Carlyle Group (NASDAQ:CG) Price Target to $66.00

24 Apr 2026, 06:56 by Mitch Edgeman · The Markets Daily

Carlyle Group (NASDAQ:CG – Free Report) had its target price cut by Morgan Stanley from $71.00 to $66.00 in a research note published on Tuesday,Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

Several other research analysts have also recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Carlyle Group in a report on Wednesday, January 21st. Evercore set a $56.00 target price on shares of Carlyle Group in a report on Tuesday. The Goldman Sachs Group reduced their target price on shares of Carlyle Group from $81.00 to $69.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Barclays reduced their target price on shares of Carlyle Group from $68.00 to $67.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Finally, BMO Capital Markets reduced their target price on shares of Carlyle Group from $65.00 to $58.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.64.

Read Our Latest Research Report on Carlyle Group

Carlyle Group Stock Down 4.4%

CG opened at $49.03 on Tuesday. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 1.90. The firm has a 50 day moving average price of $49.61 and a 200-day moving average price of $55.19. Carlyle Group has a twelve month low of $36.63 and a twelve month high of $69.85. The stock has a market capitalization of $17.71 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 1.10 and a beta of 2.05.

Carlyle Group (NASDAQ:CG – Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.03). Carlyle Group had a net margin of 16.92% and a return on equity of 23.62%. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the firm earned $0.92 earnings per share. The firm’s revenue for the quarter was up 84.1% on a year-over-year basis. Equities research analysts forecast that Carlyle Group will post 4.42 earnings per share for the current year.

Carlyle Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Monday, February 16th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, February 13th. Carlyle Group’s dividend payout ratio is presently 64.22%.

Insider Buying and Selling at Carlyle Group

In other Carlyle Group news, Director David M. Rubenstein sold 500,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $46.68, for a total value of $23,340,000.00. Following the completion of the transaction, the director directly owned 27,399,644 shares in the company, valued at $1,279,015,381.92. This represents a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 26.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Carlyle Group

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Carlyle Group by 3.7% in the fourth quarter. Vanguard Group Inc. now owns 26,368,246 shares of the financial services provider’s stock worth $1,558,627,000 after purchasing an additional 934,237 shares during the period. Morgan Stanley boosted its position in shares of Carlyle Group by 0.8% in the fourth quarter. Morgan Stanley now owns 10,189,948 shares of the financial services provider’s stock worth $602,328,000 after purchasing an additional 84,228 shares during the period. State Street Corp boosted its position in shares of Carlyle Group by 20.9% in the third quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock worth $623,372,000 after purchasing an additional 1,720,483 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Carlyle Group by 1.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,735,298 shares of the financial services provider’s stock worth $457,233,000 after purchasing an additional 117,223 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Carlyle Group by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 4,999,880 shares of the financial services provider’s stock worth $294,817,000 after acquiring an additional 79,134 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors.

About Carlyle Group

(Get Free Report)

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.