The Carlyle Group LP (NASDAQ:CG) – Analysts at Oppenheimer decreased their Q1 2019 earnings per share (EPS) estimates for shares of The Carlyle Group in a research report issued on Wednesday, April 10th, Zacks Investment Research reports. Oppenheimer analyst C. Kotowski now anticipates that the financial services provider will post earnings per share of $0.36 for the quarter, down from their prior estimate of $0.47. Oppenheimer also issued estimates for The Carlyle Group’s Q3 2019 earnings at $0.54 EPS, Q4 2019 earnings at $0.58 EPS and FY2019 earnings at $1.95 EPS.
Other research analysts have also issued reports about the stock. Canaccord Genuity reaffirmed an “average” rating and issued a $9.00 price target on shares of The Carlyle Group in a report on Monday, March 25th. Goldman Sachs Group raised shares of The Carlyle Group from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Friday, January 4th. BidaskClub raised shares of The Carlyle Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. ValuEngine raised shares of The Carlyle Group from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Zacks Investment Research raised shares of The Carlyle Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 14th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The Carlyle Group presently has an average rating of “Hold” and an average target price of $20.91.
The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.10). The Carlyle Group had a net margin of 4.56% and a return on equity of 12.27%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $487.45 million. During the same period last year, the firm posted $0.47 earnings per share. The company’s quarterly revenue was up 54.7% on a year-over-year basis.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Monday, May 13th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Friday, May 10th. The Carlyle Group’s payout ratio is 65.40%.
In other The Carlyle Group news, CFO Curtis L. Buser sold 31,200 shares of the business’s stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $18.55, for a total transaction of $578,760.00. Following the sale, the chief financial officer now directly owns 641,909 shares in the company, valued at approximately $11,907,411.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several hedge funds have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of The Carlyle Group in the 3rd quarter worth approximately $230,000. Slow Capital Inc. raised its holdings in shares of The Carlyle Group by 25.5% in the 4th quarter. Slow Capital Inc. now owns 95,149 shares of the financial services provider’s stock worth $1,499,000 after purchasing an additional 19,349 shares in the last quarter. Ashford Capital Management Inc. raised its holdings in shares of The Carlyle Group by 28.7% in the 4th quarter. Ashford Capital Management Inc. now owns 26,000 shares of the financial services provider’s stock worth $410,000 after purchasing an additional 5,800 shares in the last quarter. Glacier Peak Capital LLC bought a new stake in shares of The Carlyle Group in the 4th quarter worth approximately $906,000. Finally, Markel Corp raised its holdings in shares of The Carlyle Group by 0.3% in the 4th quarter. Markel Corp now owns 1,093,000 shares of the financial services provider’s stock worth $17,215,000 after purchasing an additional 3,000 shares in the last quarter. Institutional investors own 44.66% 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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