The Carlyle Group L.P. (NASDAQ:CG) had its target price decreased by J P Morgan Chase & Co from $28.00 to $26.00 in a report released on Wednesday morning. J P Morgan Chase & Co currently has an overweight rating on the financial services provider’s stock.

CG has been the topic of several other research reports. Zacks Investment Research downgraded The Carlyle Group L.P. from a buy rating to a hold rating in a report on Friday, October 6th. TheStreet downgraded The Carlyle Group L.P. from a c- rating to a d+ rating in a report on Thursday, September 7th. Oppenheimer Holdings, Inc. boosted their price objective on The Carlyle Group L.P. from $28.00 to $29.00 and gave the stock an outperform rating in a report on Friday, July 14th. BidaskClub upgraded The Carlyle Group L.P. from a hold rating to a buy rating in a report on Tuesday, September 26th. Finally, Citigroup Inc upped their target price on The Carlyle Group L.P. from $24.50 to $25.50 and gave the company a neutral rating in a report on Tuesday, August 15th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $24.78.

Shares of The Carlyle Group L.P. (NASDAQ CG) opened at $22.55 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 2.23. The company has a market cap of $7.66 billion, a PE ratio of 9.07 and a beta of 1.84. The Carlyle Group L.P. has a 52 week low of $14.45 and a 52 week high of $24.85.

The Carlyle Group L.P. (NASDAQ:CG) last posted its quarterly earnings data on Tuesday, October 31st. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.08. The firm 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 return on equity of 43.32% and a net margin of 5.43%. During the same quarter in the previous year, the company earned $0.66 EPS. research analysts forecast that The Carlyle Group L.P. will post 2.84 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Friday, November 10th will be issued a $0.56 dividend. This is an increase from The Carlyle Group L.P.’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, November 9th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 9.93%. The Carlyle Group L.P.’s dividend payout ratio is currently 92.31%.

Institutional investors and hedge funds have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. increased its holdings in shares of The Carlyle Group L.P. by 2,205.9% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,096 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 4,875 shares during the period. Penserra Capital Management LLC increased its holdings in shares of The Carlyle Group L.P. by 8.7% in the 2nd quarter. Penserra Capital Management LLC now owns 5,254 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 419 shares during the period. Winslow Evans & Crocker Inc. increased its holdings in shares of The Carlyle Group L.P. by 950.1% in the 3rd quarter. Winslow Evans & Crocker Inc. now owns 7,876 shares of the financial services provider’s stock valued at $186,000 after purchasing an additional 7,126 shares during the period. Pathstone Family Office LLC increased its holdings in The Carlyle Group L.P. by 1,660.0% in the second quarter. Pathstone Family Office LLC now owns 8,800 shares of the financial services provider’s stock worth $173,000 after buying an additional 8,300 shares during the last quarter. Finally, Personal Capital Advisors Corp acquired a new position in The Carlyle Group L.P. in the third quarter worth approximately $236,000. Institutional investors own 40.79% of the company’s stock.

About The Carlyle Group L.P.

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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