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