The Carlyle Group (CG) Lifted to “Hold” at BidaskClub
BidaskClub upgraded shares of The Carlyle Group (NASDAQ:CG) from a sell rating to a hold rating in a research report report published on Saturday morning.
Several other equities research analysts have also commented on CG. Keefe, Bruyette & Woods restated a buy rating and set a $25.00 price target on shares of The Carlyle Group in a research note on Wednesday, August 16th. Citigroup lowered The Carlyle Group from a buy rating to a neutral rating and set a $25.50 price target for the company. in a research note on Tuesday, October 10th. Morgan Stanley set a $28.00 price target on The Carlyle Group and gave the stock a buy rating in a research note on Monday, December 4th. ValuEngine upgraded The Carlyle Group from a buy rating to a strong-buy rating in a research note on Friday, September 15th. Finally, Zacks Investment Research upgraded The Carlyle Group from a hold rating to a buy rating and set a $27.00 price target for the company in a research note on Tuesday, October 3rd. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The Carlyle Group has a consensus rating of Buy and an average price target of $24.89.
The Carlyle Group (CG) opened at $22.30 on Friday. The company has a market capitalization of $2,166.40, a price-to-earnings ratio of 8.93 and a beta of 1.79. 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 has a 12 month low of $14.98 and a 12 month high of $24.85.
The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Tuesday, October 31st. The financial services provider reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.08. The company had revenue of $639.90 million during the quarter, compared to analyst estimates of $668.32 million. The Carlyle Group had a return on equity of 43.32% and a net margin of 5.43%. During the same period in the prior year, the firm posted $0.66 earnings per share. equities analysts predict that The Carlyle Group will post 2.85 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Friday, November 10th were paid a $0.56 dividend. The ex-dividend date was Thursday, November 9th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 10.04%. This is a positive change from The Carlyle Group’s previous quarterly dividend of $0.42. The Carlyle Group’s dividend payout ratio (DPR) is 127.27%.
In other news, Director Edward J. Mathias sold 17,133 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $21.21, for a total value of $363,390.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bamco Inc. NY boosted its holdings in The Carlyle Group by 2.8% in the third quarter. Bamco Inc. NY now owns 5,665,005 shares of the financial services provider’s stock valued at $133,694,000 after purchasing an additional 152,500 shares during the last quarter. Artemis Investment Management LLP boosted its holdings in The Carlyle Group by 16.5% in the second quarter. Artemis Investment Management LLP now owns 3,163,828 shares of the financial services provider’s stock valued at $62,562,000 after purchasing an additional 447,498 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in The Carlyle Group by 29.2% in the second quarter. Goldman Sachs Group Inc. now owns 1,981,876 shares of the financial services provider’s stock valued at $39,142,000 after purchasing an additional 448,150 shares during the last quarter. FMR LLC boosted its holdings in The Carlyle Group by 201.6% in the second quarter. FMR LLC now owns 1,901,705 shares of the financial services provider’s stock valued at $37,559,000 after purchasing an additional 1,271,205 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in The Carlyle Group by 32.1% in the second quarter. JPMorgan Chase & Co. now owns 979,761 shares of the financial services provider’s stock valued at $19,351,000 after purchasing an additional 238,120 shares during the last quarter. 38.03% of the stock is owned by hedge funds and other institutional investors.
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About The Carlyle Group
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.
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