The Carlyle Group LP (NASDAQ:CG) has earned an average rating of “Hold” from the sixteen brokerages that are currently covering the company, MarketBeat reports. Ten equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $23.75.
Several research analysts have weighed in on the company. Credit Suisse Group boosted their price target on The Carlyle Group from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. ValuEngine cut shares of The Carlyle Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Sandler O’Neill initiated coverage on shares of The Carlyle Group in a research report on Tuesday. They issued a “buy” rating and a $35.00 price objective for the company. Zacks Investment Research lowered shares of The Carlyle Group from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets initiated coverage on shares of The Carlyle Group in a report on Monday, October 7th. They issued a “market perform” rating and a $23.00 target price on the stock.
Shares of The Carlyle Group stock traded down $0.28 during trading hours on Tuesday, reaching $29.55. 3,614 shares of the company’s stock were exchanged, compared to its average volume of 812,184. The stock has a market cap of $3.50 billion, a P/E ratio of 11.27 and a beta of 1.74. The company has a 50 day moving average of $28.46 and a two-hundred day moving average of $24.75. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 1.97. The Carlyle Group has a fifty-two week low of $15.09 and a fifty-two week high of $30.30.
The Carlyle Group (NASDAQ:CG) last released its earnings results on Thursday, October 31st. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01. The Carlyle Group had a return on equity of 4.48% and a net margin of 16.19%. The business had revenue of $527.80 million for the quarter, compared to analyst estimates of $514.55 million. During the same quarter in the prior year, the company posted $0.56 earnings per share. The Carlyle Group’s revenue was down 17.7% on a year-over-year basis. As a group, analysts expect that The Carlyle Group will post 1.66 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.31 per share. The ex-dividend date was Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a yield of 4.20%. The Carlyle Group’s dividend payout ratio (DPR) is 47.15%.
In related news, CAO Pamela L. Bentley sold 20,000 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $26.69, for a total value of $533,800.00. Following the transaction, the chief accounting officer now owns 113,660 shares in the company, valued at approximately $3,033,585.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Institutional investors have recently bought and sold shares of the company. Augustine Asset Management Inc. grew its position in shares of The Carlyle Group by 0.8% in the second quarter. Augustine Asset Management Inc. now owns 68,571 shares of the financial services provider’s stock valued at $1,550,000 after purchasing an additional 527 shares during the last quarter. AE Wealth Management LLC acquired a new position in The Carlyle Group in the 3rd quarter valued at $243,000. SRS Capital Advisors Inc. raised its holdings in The Carlyle Group by 30.7% in the 3rd quarter. SRS Capital Advisors Inc. now owns 4,000 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 939 shares in the last quarter. LGT Capital Partners LTD. lifted its position in shares of The Carlyle Group by 20.0% during the 3rd quarter. LGT Capital Partners LTD. now owns 510,000 shares of the financial services provider’s stock valued at $13,036,000 after acquiring an additional 85,000 shares during the period. Finally, California Public Employees Retirement System grew its holdings in shares of The Carlyle Group by 66.0% during the 3rd quarter. California Public Employees Retirement System now owns 239,404 shares of the financial services provider’s stock worth $6,119,000 after purchasing an additional 95,193 shares in the last quarter. 48.38% of the stock is currently owned by institutional investors.
About The Carlyle Group
The Carlyle Group L.P. 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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