CG has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of The Carlyle Group L.P. from a buy rating to a hold rating in a report on Friday, October 6th. Oppenheimer Holdings, Inc. raised their price objective on shares of 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 shares of The Carlyle Group L.P. from a hold rating to a buy rating in a report on Tuesday, September 26th. Citigroup Inc raised their price objective on shares of The Carlyle Group L.P. from $24.50 to $25.50 and gave the stock a neutral rating in a report on Tuesday, August 15th. Finally, ValuEngine downgraded shares of The Carlyle Group L.P. from a strong-buy rating to a buy rating in a report on Thursday, September 7th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The Carlyle Group L.P. presently has a consensus rating of Buy and a consensus target price of $24.78.
Shares of The Carlyle Group L.P. (NASDAQ:CG) opened at $22.55 on Tuesday. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.11 and a current ratio of 1.27. The firm has a market cap of $2.20 billion, a P/E ratio of 9.07 and a beta of 1.84.
The Carlyle Group L.P. (NASDAQ:CG) last announced its earnings results on Tuesday, October 31st. The financial services provider reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.08. The company had revenue of $639.90 million during 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 quarter in the prior year, the company posted $0.66 earnings per share. analysts expect that The Carlyle Group L.P. will post 2.84 earnings per share 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 paid 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 of this dividend is Thursday, November 9th. This represents a $2.24 annualized dividend and a dividend yield of 9.93%. The Carlyle Group L.P.’s dividend payout ratio (DPR) is presently 95.46%.
Institutional investors and hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP increased its stake in shares of The Carlyle Group L.P. by 1,426.7% in the second quarter. GSA Capital Partners LLP now owns 179,338 shares of the financial services provider’s stock worth $3,542,000 after purchasing an additional 167,591 shares in the last quarter. Rockefeller Financial Services Inc. purchased a new position in shares of The Carlyle Group L.P. in the third quarter worth about $590,000. Legal & General Group Plc increased its stake in shares of The Carlyle Group L.P. by 11.5% in the first quarter. Legal & General Group Plc now owns 203,533 shares of the financial services provider’s stock worth $3,251,000 after purchasing an additional 21,048 shares in the last quarter. Spirit of America Management Corp NY purchased a new position in shares of The Carlyle Group L.P. in the third quarter worth about $340,000. Finally, Schafer Cullen Capital Management Inc. purchased a new position in shares of The Carlyle Group L.P. in the second quarter worth about $280,000. Hedge funds and other institutional investors own 40.79% of the company’s stock.
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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