The Carlyle Group LP (NASDAQ:CG) has been given an average recommendation of “Hold” by the seventeen brokerages that are currently covering the stock, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $20.23.
CG has been the subject of several recent analyst reports. ValuEngine raised The Carlyle Group from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Raymond James reaffirmed a “buy” rating and set a $10.00 target price on shares of The Carlyle Group in a research note on Monday, June 3rd. BidaskClub cut The Carlyle Group from a “buy” rating to a “hold” rating in a research note on Saturday. Credit Suisse Group cut The Carlyle Group from an “outperform” rating to a “neutral” rating and set a $22.00 target price for the company. in a research note on Tuesday, May 21st. Finally, Barclays initiated coverage on The Carlyle Group in a research note on Monday. They set an “equal weight” rating and a $25.00 target price for the company.
In related news, COO Christopher Finn sold 55,138 shares of The Carlyle Group stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $22.85, for a total transaction of $1,259,903.30. Following the sale, the chief operating officer now directly owns 310,968 shares in the company, valued at $7,105,618.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Curtis L. Buser sold 80,381 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $22.85, for a total value of $1,836,705.85. Following the completion of the sale, the chief financial officer now directly owns 530,328 shares of the company’s stock, valued at $12,117,994.80. The disclosure for this sale can be found here. Insiders have sold 194,829 shares of company stock worth $4,421,243 over the last quarter.
Shares of CG stock traded down $0.09 on Wednesday, hitting $23.27. The company had a trading volume of 128,623 shares, compared to its average volume of 1,620,443. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 8.85 and a beta of 1.67. The company’s 50-day moving average price is $23.36. The company has a debt-to-equity ratio of 1.96, a quick ratio of 2.72 and a current ratio of 2.72. The Carlyle Group has a twelve month low of $15.09 and a twelve month high of $25.99.
The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.21. The company had revenue of $550.70 million during the quarter, compared to analysts’ expectations of $496.69 million. The Carlyle Group had a return on equity of 6.07% and a net margin of 12.74%. The business’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 earnings per share. As a group, analysts expect that The Carlyle Group will post 1.6 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 19th. Investors of record on Monday, August 12th will be issued a dividend of $0.43 per share. This is a positive change from The Carlyle Group’s previous quarterly dividend of $0.19. This represents a $1.72 dividend on an annualized basis and a yield of 7.39%. The ex-dividend date is Friday, August 9th. The Carlyle Group’s dividend payout ratio (DPR) is 28.90%.
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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