BidaskClub lowered shares of The Carlyle Group L.P. (NASDAQ:CG) from a hold rating to a sell rating in a report published on Friday morning.

CG has been the topic of a number of other reports. Zacks Investment Research cut shares of The Carlyle Group L.P. from a buy rating to a hold rating in a research report on Friday, October 6th. Morgan Stanley increased their price target on shares of The Carlyle Group L.P. from $25.00 to $27.00 and gave the company an overweight rating in a research report on Thursday, October 5th. Credit Suisse Group cut shares of The Carlyle Group L.P. to a hold rating in a research report on Friday, October 6th. Citigroup Inc. cut shares of The Carlyle Group L.P. from a buy rating to a neutral rating and set a $25.50 price target on the stock. in a research report on Tuesday, October 10th. Finally, ValuEngine upgraded shares of The Carlyle Group L.P. from a buy rating to a strong-buy rating in a research report on Friday, September 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $24.78.

Shares of The Carlyle Group L.P. (CG) opened at $21.17 on Friday. The Carlyle Group L.P. has a fifty-two week low of $14.85 and a fifty-two week high of $24.85. The stock has a market cap of $7,190.00, a PE ratio of 8.57 and a beta of 1.84. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.27 and a quick ratio of 1.23.

The Carlyle Group L.P. (NASDAQ:CG) last announced its earnings results on Tuesday, October 31st. The financial services provider reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. The business had revenue of $639.90 million for the quarter, compared to the consensus estimate of $668.32 million. The Carlyle Group L.P. had a net margin of 5.43% and a return on equity of 43.32%. During the same period last year, the firm posted $0.66 earnings per share. research analysts predict that The Carlyle Group L.P. will post 2.85 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Friday, November 10th will be given a dividend of $0.56 per share. The ex-dividend date is Thursday, November 9th. This represents a $2.24 annualized dividend and a yield of 10.58%. This is a positive change from The Carlyle Group L.P.’s previous quarterly dividend of $0.42. The Carlyle Group L.P.’s dividend payout ratio (DPR) is currently 123.08%.

Several institutional investors and hedge funds have recently bought and sold shares of CG. FMR LLC raised its position in shares of The Carlyle Group L.P. by 201.6% in the 2nd quarter. FMR LLC now owns 1,901,705 shares of the financial services provider’s stock worth $37,559,000 after purchasing an additional 1,271,205 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in The Carlyle Group L.P. by 29.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,981,876 shares of the financial services provider’s stock worth $39,142,000 after buying an additional 448,150 shares in the last quarter. Artemis Investment Management LLP increased its holdings in The Carlyle Group L.P. by 16.5% in the 2nd quarter. Artemis Investment Management LLP now owns 3,163,828 shares of the financial services provider’s stock worth $62,562,000 after buying an additional 447,498 shares in the last quarter. Wells Fargo & Company MN increased its holdings in The Carlyle Group L.P. by 101.4% in the 2nd quarter. Wells Fargo & Company MN now owns 775,466 shares of the financial services provider’s stock worth $15,316,000 after buying an additional 390,337 shares in the last quarter. Finally, ALGEBRIS UK Ltd bought a new stake in The Carlyle Group L.P. in the 2nd quarter worth about $5,436,000. 36.76% of the stock is owned by hedge funds and other institutional investors.

The Carlyle Group L.P. Company Profile

The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The Company operates in four segments: Corporate Private Equity (CPE), Real Assets, Global Market Strategies (GMS) and Investment Solutions. Corporate Private Equity advises its buyout and growth capital funds, which pursue various corporate investments of different sizes and growth potentials.

Analyst Recommendations for The Carlyle Group L.P. (NASDAQ:CG)

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