BidaskClub lowered shares of The Carlyle Group (NASDAQ:CG) from a buy rating to a hold rating in a research report sent to investors on Tuesday, BidAskClub reports.

Several other equities research analysts also recently commented on CG. Credit Suisse Group downgraded The Carlyle Group from an outperform rating to a neutral rating and set a $22.00 price objective for the company. in a report on Tuesday, May 21st. ValuEngine upgraded The Carlyle Group from a hold rating to a buy rating in a report on Friday, May 3rd. TheStreet upgraded The Carlyle Group from a c rating to a b rating in a report on Thursday, May 9th. Raymond James restated a buy rating and set a $10.00 price objective on shares of The Carlyle Group in a report on Monday, June 3rd. Finally, CIBC restated a hold rating and set a $9.00 price objective on shares of The Carlyle Group in a report on Monday, April 8th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $20.15.

Shares of CG stock opened at $21.53 on Tuesday. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 8.19 and a beta of 1.63. The company has a quick ratio of 2.80, a current ratio of 2.81 and a debt-to-equity ratio of 2.04. The Carlyle Group has a fifty-two week low of $15.09 and a fifty-two week high of $25.25.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, May 1st. The financial services provider reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.10). The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $487.45 million. The Carlyle Group had a return on equity of 6.82% and a net margin of 7.60%. The company’s revenue for the quarter was up 54.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 earnings per share. On average, research analysts anticipate that The Carlyle Group will post 1.7 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Monday, May 13th were issued a dividend of $0.19 per share. The ex-dividend date was Friday, May 10th. This represents a $0.76 annualized dividend and a yield of 3.53%. The Carlyle Group’s dividend payout ratio (DPR) is currently 28.90%.

In related news, insider Pamela L. Bentley sold 10,000 shares of the company’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $19.79, for a total transaction of $197,900.00. Following the completion of the sale, the insider now owns 146,962 shares in the company, valued at $2,908,377.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Hedge funds have recently bought and sold shares of the business. Ashford Capital Management Inc. lifted its stake in The Carlyle Group by 28.7% in the 4th quarter. Ashford Capital Management Inc. now owns 26,000 shares of the financial services provider’s stock worth $410,000 after purchasing an additional 5,800 shares in the last quarter. Glacier Peak Capital LLC acquired a new stake in shares of The Carlyle Group during the 4th quarter worth approximately $906,000. Markel Corp increased its holdings in shares of The Carlyle Group by 0.3% during the 4th quarter. Markel Corp now owns 1,093,000 shares of the financial services provider’s stock worth $17,215,000 after buying an additional 3,000 shares during the last quarter. JOYN Advisors Inc. increased 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 buying an additional 630 shares during the last quarter. Finally, Sargent Investment Group LLC acquired a new stake in shares of The Carlyle Group during the 4th quarter worth approximately $5,555,000. 41.61% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for The Carlyle Group (NASDAQ:CG)

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