BidaskClub upgraded shares of The Carlyle Group (NASDAQ:CG) from a strong sell rating to a sell rating in a research report sent to investors on Friday.
Several other research analysts also recently weighed in on the stock. ValuEngine upgraded shares of The Carlyle Group from a strong sell rating to a sell rating in a report on Thursday. Oppenheimer set a $34.00 price objective on shares of The Carlyle Group and gave the stock a buy rating in a report on Wednesday, October 31st. Deutsche Bank lowered their price objective on shares of The Carlyle Group from $26.00 to $24.00 and set a hold rating on the stock in a report on Thursday, October 11th. Zacks Investment Research downgraded shares of The Carlyle Group from a buy rating to a hold rating in a report on Thursday, October 11th. Finally, Morgan Stanley upped their price objective on shares of The Carlyle Group from $30.00 to $31.00 and gave the stock an overweight rating in a report on Tuesday, August 14th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $29.00.
The Carlyle Group stock opened at $20.26 on Friday. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.61 and a current ratio of 0.68. The Carlyle Group has a 12-month low of $18.06 and a 12-month high of $25.90. The firm has a market cap of $2.18 billion, a P/E ratio of 5.84 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 (EPS) for the quarter, missing the Zacks’ 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 for the quarter, compared to analyst estimates of $660.04 million. During the same quarter in the previous year, the firm earned $0.56 EPS. The firm’s revenue was up 6.1% on a year-over-year basis. On average, equities research analysts expect that The Carlyle Group will post 2.08 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Tuesday, November 13th will be paid a $0.42 dividend. This is a positive change from The Carlyle Group’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, November 9th. This represents a $1.68 annualized dividend and a dividend yield of 8.29%. The Carlyle Group’s dividend payout ratio is presently 25.36%.
Several hedge funds and other institutional investors have recently bought and sold shares of CG. The Manufacturers Life Insurance Company grew its position in The Carlyle Group by 527.1% during the first quarter. The Manufacturers Life Insurance Company now owns 17,846 shares of the financial services provider’s stock valued at $381,000 after buying an additional 15,000 shares during the period. LPL Financial LLC grew its position in The Carlyle Group by 7.2% during the first quarter. LPL Financial LLC now owns 66,609 shares of the financial services provider’s stock valued at $1,422,000 after buying an additional 4,492 shares during the period. Legal & General Group Plc grew its position in The Carlyle Group by 18.3% during the first quarter. Legal & General Group Plc now owns 361,688 shares of the financial services provider’s stock valued at $7,731,000 after buying an additional 56,043 shares during the period. Royal Bank of Canada grew its position in The Carlyle Group by 5.1% during the first quarter. Royal Bank of Canada now owns 147,760 shares of the financial services provider’s stock valued at $3,155,000 after buying an additional 7,130 shares during the period. Finally, Verde Servicos Internacionais S.A. bought a new position in The Carlyle Group during the second quarter worth about $1,808,000. Hedge funds and other institutional investors own 39.94% 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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