The Carlyle Group LP (NASDAQ:CG) – Investment analysts at Jefferies Group increased their FY2019 earnings per share (EPS) estimates for shares of The Carlyle Group in a research report issued to clients and investors on Wednesday. Jefferies Group analyst G. O’hara now expects that the financial services provider will earn $3.22 per share for the year, up from their prior estimate of $2.93. Jefferies Group currently has a “Buy” rating and a $27.00 price objective on the stock.
The Carlyle Group (NASDAQ:CG) last announced its earnings results on Wednesday, February 7th. The financial services provider reported $1.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.41. The Carlyle Group had a return on equity of 57.22% and a net margin of 6.64%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $773.13 million. During the same period last year, the company posted $0.02 earnings per share.
A number of other analysts have also weighed in on the company. BidaskClub lowered The Carlyle Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Oppenheimer restated a “buy” rating on shares of The Carlyle Group in a research note on Tuesday, October 31st. Morgan Stanley set a $28.00 price objective on The Carlyle Group and gave the stock a “buy” rating in a research report on Monday, December 4th. TheStreet upgraded The Carlyle Group from a “d+” rating to a “c” rating in a research report on Tuesday, October 31st. Finally, JPMorgan Chase & Co. lowered their price objective on The Carlyle Group from $28.00 to $26.00 and set an “overweight” rating for the company in a research report on Wednesday, November 1st. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $26.17.
Shares of The Carlyle Group (NASDAQ:CG) opened at $23.30 on Friday. The Carlyle Group has a 12 month low of $15.45 and a 12 month high of $25.90. The firm has a market capitalization of $7,680.00, a price-to-earnings ratio of 8.32 and a beta of 1.70. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 2.23.
Several institutional investors have recently bought and sold shares of CG. Pinnacle Holdings LLC acquired a new position in shares of The Carlyle Group during the 4th quarter worth about $103,000. Stelac Advisory Services LLC acquired a new position in shares of The Carlyle Group during the 3rd quarter worth about $145,000. Winslow Evans & Crocker Inc. grew its position in shares of The Carlyle Group by 950.1% during the 3rd quarter. Winslow Evans & Crocker Inc. now owns 7,876 shares of the financial services provider’s stock worth $186,000 after buying an additional 7,126 shares during the period. Stephens Inc. AR acquired a new position in shares of The Carlyle Group during the 3rd quarter worth about $208,000. Finally, Palo Capital Inc. acquired a new position in shares of The Carlyle Group during the 4th quarter worth about $214,000. Institutional investors own 38.06% of the company’s stock.
In related news, Director Edward J. Mathias sold 17,133 shares of The Carlyle Group stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $21.21, for a total value of $363,390.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Tuesday, February 20th will be given a $0.33 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.32 dividend on an annualized basis and a yield of 5.67%. The Carlyle Group’s payout ratio is 80.00%.
The Carlyle Group Company Profile
The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The Company operates in four segments: Corporate Private Equity (CPE), Real Assets, Global Market Strategies (GMS) and Investment Solutions. Corporate Private Equity advises its buyout and growth capital funds, which pursue various corporate investments of different sizes and growth potentials.
Receive News & Ratings for The Carlyle Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Carlyle Group and related companies with MarketBeat.com's FREE daily email newsletter.