The Carlyle Group LP (NASDAQ:CG) announced a quarterly dividend on Thursday, October 24th, Fidelity reports. Investors of record on Tuesday, November 12th will be paid a dividend of 0.31 per share by the financial services provider on Tuesday, November 19th. This represents a $1.24 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date is Friday, November 8th.
CG traded down $0.39 on Wednesday, reaching $27.59. 36,047 shares of the company traded hands, compared to its average volume of 822,280. The Carlyle Group has a one year low of $15.09 and a one year high of $28.20. The firm has a fifty day simple moving average of $26.44 and a two-hundred day simple moving average of $23.30. The company has a market cap of $3.28 billion, a P/E ratio of 10.52 and a beta of 1.72. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 1.97.
The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The Carlyle Group had a net margin of 16.19% and a return on equity of 4.48%. The company had revenue of $527.80 million during the quarter, compared to analyst estimates of $514.55 million. During the same quarter last year, the business posted $0.56 EPS. The firm’s revenue for the quarter was down 17.7% on a year-over-year basis. On average, equities analysts forecast that The Carlyle Group will post 1.66 earnings per share for the current year.
In other news, CAO Pamela L. Bentley sold 20,000 shares of The Carlyle Group stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $3,033,585.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
CG has been the subject of a number of research analyst reports. CSFB decreased their price objective on shares of The Carlyle Group from $14.50 to $13.00 in a report on Thursday, October 31st. National Bank Financial lifted their price objective on shares of The Carlyle Group from $14.50 to $15.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Deutsche Bank set a $27.00 price objective on shares of The Carlyle Group and gave the company a “hold” rating in a report on Friday, November 1st. Zacks Investment Research lowered shares of The Carlyle Group from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, BidaskClub upgraded shares of The Carlyle Group from a “buy” rating to a “strong-buy” rating in a report on Friday, October 18th. Ten equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $20.34.
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.
Further Reading: Intrinsic Value
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