The Carlyle Group LP (NASDAQ:CG) – Equities researchers at Jefferies Financial Group raised their Q2 2019 earnings per share estimates for shares of The Carlyle Group in a research report issued on Monday, April 8th, Zacks Investment Research reports. Jefferies Financial Group analyst G. O’hara now forecasts that the financial services provider will post earnings of $0.49 per share for the quarter, up from their prior estimate of $0.44. Jefferies Financial Group also issued estimates for The Carlyle Group’s Q3 2019 earnings at $0.52 EPS, Q4 2019 earnings at $0.55 EPS, FY2019 earnings at $1.88 EPS and FY2020 earnings at $2.38 EPS.
CG has been the topic of a number of other reports. BidaskClub raised shares of The Carlyle Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Canaccord Genuity reissued an “average” rating and issued a $9.50 target price on shares of The Carlyle Group in a research report on Tuesday, January 8th. Zacks Investment Research raised The Carlyle Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 14th. ValuEngine raised The Carlyle Group from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Goldman Sachs Group raised The Carlyle Group from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Friday, January 4th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. The Carlyle Group currently has a consensus rating of “Hold” and a consensus target price of $20.91.
The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.10). The Carlyle Group had a return on equity of 12.27% and a net margin of 4.56%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $487.45 million. During the same quarter last year, the business earned $0.47 EPS. The Carlyle Group’s revenue for the quarter was up 54.7% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CG. Cordasco Financial Network acquired a new position in The Carlyle Group in the 1st quarter valued at about $41,000. Belpointe Asset Management LLC bought a new stake in shares of The Carlyle Group during the 3rd quarter worth approximately $101,000. JOYN Advisors Inc. lifted its holdings in shares of The Carlyle Group by 5.8% during the 4th quarter. JOYN Advisors Inc. now owns 11,481 shares of the financial services provider’s stock worth $181,000 after acquiring an additional 630 shares during the period. Suntrust Banks Inc. lifted its holdings in shares of The Carlyle Group by 18.7% during the 4th quarter. Suntrust Banks Inc. now owns 11,227 shares of the financial services provider’s stock worth $183,000 after acquiring an additional 1,770 shares during the period. Finally, North Star Investment Management Corp. lifted its holdings in shares of The Carlyle Group by 80.9% during the 4th quarter. North Star Investment Management Corp. now owns 12,300 shares of the financial services provider’s stock worth $194,000 after acquiring an additional 5,500 shares during the period. 44.66% of the stock is owned by hedge funds and other institutional investors.
In other news, CFO Curtis L. Buser sold 31,200 shares of the company’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 completion of the sale, the chief financial officer now owns 641,909 shares of the company’s stock, valued at approximately $11,907,411.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Monday, May 13th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.62%. The ex-dividend date is Friday, May 10th. The Carlyle Group’s payout ratio is currently 65.40%.
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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