Shares of The Carlyle Group LP (NASDAQ:CG) have earned a consensus rating of “Buy” from the fifteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $24.05.
CG has been the topic of several research analyst reports. Goldman Sachs Group upgraded The Carlyle Group from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Friday, January 4th. BidaskClub raised shares of The Carlyle Group from a “strong sell” rating to a “sell” rating in a research note on Friday, November 23rd. Canaccord Genuity reiterated an “average” rating and issued a $9.50 target price on shares of The Carlyle Group in a report on Tuesday, January 8th. JPMorgan Chase & Co. boosted their target price on shares of The Carlyle Group from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, November 2nd. Finally, Morgan Stanley lowered shares of The Carlyle Group from an “overweight” rating to an “equal weight” rating and set a $23.00 price target on the stock. in a research note on Wednesday, November 14th.
The Carlyle Group stock opened at $18.66 on Wednesday. The Carlyle Group has a one year low of $15.09 and a one year high of $25.25. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 2.35. The company has a market capitalization of $2.01 billion, a P/E ratio of 7.10 and a beta of 1.69.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 26th. Investors of record on Tuesday, February 19th will be paid a $0.43 dividend. This is a positive change from The Carlyle Group’s previous quarterly dividend of $0.42. The ex-dividend date is Friday, February 15th. This represents a $1.72 dividend on an annualized basis and a yield of 9.22%. The Carlyle Group’s dividend payout ratio (DPR) is 63.88%.
A number of institutional investors have recently modified their holdings of CG. Belpointe Asset Management LLC acquired a new stake in The Carlyle Group in the 3rd quarter valued at approximately $101,000. Westbourne Investment Advisors Inc. acquired a new stake in shares of The Carlyle Group in the third quarter valued at approximately $113,000. JOYN Advisors Inc. grew its position in shares of The Carlyle Group by 5.8% in the fourth quarter. JOYN Advisors Inc. now owns 11,481 shares of the financial services provider’s stock valued at $181,000 after purchasing an additional 630 shares during the last quarter. North Star Investment Management Corp. grew its position in shares of The Carlyle Group by 80.9% in the fourth quarter. North Star Investment Management Corp. now owns 12,300 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 5,500 shares during the last quarter. Finally, Cornerstone Wealth Management LLC acquired a new stake in shares of The Carlyle Group in the third quarter valued at approximately $200,000. 42.10% of the stock is currently owned by hedge funds and other institutional investors.
The Carlyle Group Company Profile
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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