The Carlyle Group LP (NASDAQ:CG) has been given an average rating of “Hold” by the fourteen analysts that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $26.25.
Several research firms recently weighed in on CG. BidaskClub cut shares of The Carlyle Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. ValuEngine cut shares of The Carlyle Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 2nd. Citigroup increased their target price on shares of The Carlyle Group from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Canaccord Genuity reiterated a “buy” rating and issued a $7.50 target price on shares of The Carlyle Group in a research note on Wednesday. Finally, Deutsche Bank reduced their target price on shares of The Carlyle Group from $23.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, November 16th.
NASDAQ CG opened at $18.43 on Friday. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.68 and a quick ratio of 0.61. The Carlyle Group has a twelve month low of $16.82 and a twelve month high of $25.90. The stock has a market capitalization of $2.01 billion, a P/E ratio of 5.31 and a beta of 1.65.
The Carlyle Group (NASDAQ:CG) last released its earnings results on Wednesday, October 31st. The financial services provider reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.24). The Carlyle Group had a net margin of 5.47% and a return on equity of 26.30%. The company had revenue of $679.10 million during the quarter, compared to the consensus estimate of $660.04 million. During the same quarter in the previous year, the business posted $0.56 EPS. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, sell-side analysts anticipate that The Carlyle Group will post 1.9 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 20th. Shareholders of record on Tuesday, November 13th were paid a dividend of $0.42 per share. This is a boost from The Carlyle Group’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, November 9th. This represents a $1.68 dividend on an annualized basis and a yield of 9.12%. The Carlyle Group’s dividend payout ratio (DPR) is currently 48.41%.
In other The Carlyle Group news, Director Janet Hill purchased 5,000 shares of the business’s stock in a transaction on Monday, November 5th. The stock was purchased at an average price of $20.19 per share, for a total transaction of $100,950.00. Following the completion of the purchase, the director now directly owns 41,680 shares in the company, valued at $841,519.20. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Large investors have recently bought and sold shares of the company. Belpointe Asset Management LLC bought a new position in shares of The Carlyle Group in the third quarter valued at approximately $101,000. Tuttle Tactical Management acquired a new stake in shares of The Carlyle Group in the second quarter valued at approximately $107,000. Westbourne Investment Advisors Inc. acquired a new stake in shares of The Carlyle Group in the third quarter valued at approximately $113,000. Cornerstone Wealth Management LLC acquired a new stake in shares of The Carlyle Group in the third quarter valued at approximately $200,000. Finally, Kendall Capital Management acquired a new stake in shares of The Carlyle Group in the third quarter valued at approximately $221,000. Institutional investors own 38.99% of the company’s stock.
The Carlyle Group Company Profile
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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