Today, Credit Suisse Group AG Reaffirmed Hold Rating for The Carlyle Group LP (CG)

Today, Credit Suisse Group AG Reaffirmed Hold Rating for The Carlyle Group LP (CG)

The Carlyle Group LP (NASDAQ:CG)‘s stock had its “hold” rating reiterated by equities research analysts at Credit Suisse Group AG in a research note issued on Monday. They currently have a $20.00 price objective on the stock. Credit Suisse Group AG’s price target indicates a potential upside of 25.79% from the stock’s previous close.

CG has been the subject of a number of other research reports. Zacks Investment Research lowered The Carlyle Group from a “buy” rating to a “hold” rating in a research report on Monday, October 10th. Barclays PLC reduced their price objective on The Carlyle Group from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, October 13th. Keefe, Bruyette & Woods set a $18.00 price objective on The Carlyle Group and gave the stock a “hold” rating in a research note on Friday, October 14th. Jefferies Group reissued a “hold” rating on shares of The Carlyle Group in a research note on Thursday, October 13th. Finally, Deutsche Bank AG increased their price objective on The Carlyle Group from $16.00 to $17.00 and gave the stock a “hold” rating in a research note on Friday, August 5th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The Carlyle Group presently has a consensus rating of “Hold” and an average price target of $16.48.

The Carlyle Group (NASDAQ:CG) traded up 0.63% during trading on Monday, reaching $15.90. The company’s stock had a trading volume of 340,000 shares.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Wednesday, October 26th. The company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.12. The Carlyle Group had a net margin of 0.51% and a return on equity of 9.41%. The company earned $607.30 million during the quarter, compared to analyst estimates of $506.18 million. During the same quarter last year, the business earned ($0.43) EPS. The company’s revenue for the quarter was up 104.1% compared to the same quarter last year. Equities analysts anticipate that The Carlyle Group will post $1.12 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 16th. Stockholders of record on Tuesday, November 8th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 12.58%. The ex-dividend date was Friday, November 4th. The Carlyle Group’s dividend payout ratio is 10,000.00%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Feltz Wealth PLAN Inc. acquired a new stake in The Carlyle Group during the second quarter worth about $156,000. Baldwin Brothers Inc. MA raised its stake in The Carlyle Group by 133.3% in the third quarter. Baldwin Brothers Inc. MA now owns 10,500 shares of the company’s stock worth $163,000 after buying an additional 6,000 shares during the period. HighTower Advisors LLC acquired a new stake in The Carlyle Group during the second quarter worth about $168,000. First Manhattan Co. raised its stake in The Carlyle Group by 1,447.1% in the third quarter. First Manhattan Co. now owns 10,830 shares of the company’s stock worth $168,000 after buying an additional 10,130 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in The Carlyle Group during the third quarter worth about $174,000. 42.08% of the stock is currently owned by institutional investors and hedge funds.

The Carlyle Group Company Profile

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