Shares of The Carlyle Group LP (NASDAQ:CG) have earned a consensus rating of “Hold” from the fourteen brokerages that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $26.25.
CG has been the topic of several research analyst reports. BidaskClub lowered The Carlyle Group from a “sell” rating to a “strong sell” rating in a report on Tuesday. Zacks Investment Research raised The Carlyle Group from a “strong sell” rating to a “hold” rating in a report on Friday, November 2nd. ValuEngine raised The Carlyle Group from a “strong sell” rating to a “sell” rating in a report on Friday, November 23rd. Oppenheimer set a $34.00 price objective on The Carlyle Group and gave the company a “buy” rating in a report on Tuesday, October 16th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $7.50 price objective on shares of The Carlyle Group in a report on Wednesday, November 28th.
The Carlyle Group stock traded down $0.23 during midday trading on Friday, hitting $17.56. 764,544 shares of the company were exchanged, compared to its average volume of 605,508. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 5.06 and a beta of 1.62. The Carlyle Group has a fifty-two week low of $16.82 and a fifty-two week high of $25.90. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 2.35.
The Carlyle Group (NASDAQ:CG) last posted its earnings results on Wednesday, October 31st. The financial services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.24). The company had revenue of $679.10 million for the quarter, compared to analyst estimates of $660.04 million. The Carlyle Group had a return on equity of 26.30% and a net margin of 5.47%. The firm’s revenue was up 6.1% on a year-over-year basis. During the same period last year, the business earned $0.56 earnings per share. Equities analysts expect that The Carlyle Group will post 1.9 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 20th. Stockholders of record on Tuesday, November 13th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 9.57%. The ex-dividend date was Friday, November 9th. This is an increase from The Carlyle Group’s previous quarterly dividend of $0.22. The Carlyle Group’s dividend payout ratio (DPR) is 48.41%.
In other news, Director Janet Hill bought 5,000 shares of the firm’s stock in a transaction dated Monday, November 5th. The shares were acquired at an average price of $20.19 per share, for a total transaction of $100,950.00. Following the completion of the transaction, the director now directly owns 41,680 shares in the company, valued at approximately $841,519.20. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Belpointe Asset Management LLC purchased a new position in shares of The Carlyle Group in the third quarter valued at approximately $101,000. Tuttle Tactical Management purchased a new position in shares of The Carlyle Group in the second quarter valued at approximately $107,000. Westbourne Investment Advisors Inc. purchased a new position in shares of The Carlyle Group in the third quarter valued at approximately $113,000. Cornerstone Wealth Management LLC purchased a new position in shares of The Carlyle Group in the third quarter valued at approximately $200,000. Finally, Kendall Capital Management purchased a new position in shares of The Carlyle Group in the third quarter valued at approximately $221,000. Institutional investors and hedge funds own 42.71% of the company’s stock.
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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