ValuEngine upgraded shares of The Carlyle Group L.P. (NASDAQ:CG) from a buy rating to a strong-buy rating in a report released on Thursday.
Other equities analysts have also recently issued reports about the company. Bank of America Corporation raised The Carlyle Group L.P. from a neutral rating to a buy rating in a report on Thursday, June 8th. BidaskClub raised The Carlyle Group L.P. from a buy rating to a strong-buy rating in a report on Thursday, June 22nd. Deutsche Bank AG boosted their price target on The Carlyle Group L.P. from $19.00 to $20.00 and gave the stock a hold rating in a report on Thursday. Oppenheimer Holdings, Inc. boosted their price target 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. Finally, Credit Suisse Group raised The Carlyle Group L.P. from a neutral rating to an outperform rating and set a $23.00 price target for the company in a report on Thursday, May 11th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $21.31.
The Carlyle Group L.P. (NASDAQ CG) traded up 1.15% on Thursday, reaching $21.95. The company had a trading volume of 502,595 shares. The company’s 50-day moving average is $19.78 and its 200-day moving average is $17.55. The company has a market capitalization of $1.95 billion, a PE ratio of 50.93 and a beta of 1.83. The Carlyle Group L.P. has a 52-week low of $14.35 and a 52-week high of $22.05.
The Carlyle Group L.P. (NASDAQ:CG) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.37. The firm had revenue of $908.40 million during the quarter, compared to analysts’ expectations of $696.36 million. The Carlyle Group L.P. had a return on equity of 41.32% and a net margin of 4.13%. During the same period in the previous year, the firm posted $0.35 earnings per share. Equities analysts anticipate that The Carlyle Group L.P. will post $2.54 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 14th will be paid a $0.42 dividend. This is a positive change from The Carlyle Group L.P.’s previous quarterly dividend of $0.10. This represents a $1.68 annualized dividend and a yield of 7.65%. The ex-dividend date is Thursday, August 10th. The Carlyle Group L.P.’s dividend payout ratio is presently 30.53%.
In other The Carlyle Group L.P. news, insider Pamela L. Bentley sold 17,760 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $21.25, for a total transaction of $377,400.00. Following the completion of the sale, the insider now owns 143,942 shares of the company’s stock, valued at $3,058,767.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Edward J. Mathias sold 6,593 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total value of $140,101.25. Following the sale, the director now directly owns 34,114 shares of the company’s stock, valued at approximately $724,922.50. The disclosure for this sale can be found here. Insiders sold 62,013 shares of company stock valued at $1,317,776 over the last quarter.
A number of large investors have recently bought and sold shares of CG. Loeb Partners Corp purchased a new stake in The Carlyle Group L.P. during the first quarter worth about $159,000. Cambridge Investment Research Advisors Inc. increased its stake in The Carlyle Group L.P. by 1.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,241 shares of the financial services provider’s stock worth $163,000 after buying an additional 144 shares during the period. First Manhattan Co. increased its stake in The Carlyle Group L.P. by 6.9% in the first quarter. First Manhattan Co. now owns 10,830 shares of the financial services provider’s stock worth $168,000 after buying an additional 700 shares during the period. Palo Capital Inc. purchased a new stake in The Carlyle Group L.P. during the first quarter worth about $181,000. Finally, Pinnacle Associates Ltd. purchased a new stake in The Carlyle Group L.P. during the first quarter worth about $182,000. 45.09% 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.
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