BidaskClub cut shares of The Carlyle Group (NASDAQ:CG) from a hold rating to a sell rating in a research note issued to investors on Monday, February 25th.
Other research analysts have also recently issued reports about the company. Oppenheimer set a $34.00 price objective on The Carlyle Group and gave the company a buy rating in a research note on Wednesday, October 31st. ValuEngine raised The Carlyle Group from a strong sell rating to a sell rating in a research note on Thursday, November 1st. JPMorgan Chase & Co. raised their price objective on shares of The Carlyle Group from $27.00 to $28.00 and gave the stock an overweight rating in a report on Friday, November 2nd. Zacks Investment Research upgraded shares of The Carlyle Group from a strong sell rating to a hold rating in a report 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 objective for the company. in a report on Wednesday, November 14th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $22.95.
Shares of CG stock traded down $0.86 during trading on Monday, hitting $18.46. The company’s stock had a trading volume of 677,493 shares, compared to its average volume of 471,625. The firm has a market cap of $2.10 billion, a PE ratio of 7.02 and a beta of 1.65. The Carlyle Group has a 52 week low of $15.09 and a 52 week high of $25.25. The company has a quick ratio of 2.52, a current ratio of 2.54 and a debt-to-equity ratio of 2.61.
The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Wednesday, February 6th. The financial services provider reported ($0.15) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.36) by $0.21. The company had revenue of $151.70 million for the quarter, compared to the consensus estimate of $143.99 million. The Carlyle Group had a return on equity of 12.27% and a net margin of 4.56%. During the same quarter last year, the business posted $1.01 earnings per share. On average, research analysts expect that The Carlyle Group will post 2.01 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 26th. Investors of record on Tuesday, February 19th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 9.32%. This is an increase from The Carlyle Group’s previous quarterly dividend of $0.42. The ex-dividend date was Friday, February 15th. The Carlyle Group’s dividend payout ratio is presently 65.40%.
In related news, CFO Curtis L. Buser sold 31,200 shares of the company’s stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $18.55, for a total transaction of $578,760.00. Following the transaction, the chief financial officer now directly owns 641,909 shares in the company, valued at approximately $11,907,411.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Institutional investors and hedge funds have recently made changes to their positions in the company. JOYN Advisors Inc. lifted its position in The Carlyle Group by 5.8% during the fourth quarter. JOYN Advisors Inc. now owns 11,481 shares of the financial services provider’s stock valued at $181,000 after acquiring an additional 630 shares during the last quarter. Garrison Bradford & Associates Inc. raised its holdings in shares of The Carlyle Group by 6.6% in the fourth quarter. Garrison Bradford & Associates Inc. now owns 16,150 shares of the financial services provider’s stock worth $254,000 after buying an additional 1,000 shares during the last quarter. Palo Capital Inc. raised its holdings in shares of The Carlyle Group by 11.4% in the third quarter. Palo Capital Inc. now owns 11,200 shares of the financial services provider’s stock worth $253,000 after buying an additional 1,150 shares during the last quarter. Pennsylvania Trust Co raised its holdings in shares of The Carlyle Group by 10.6% in the fourth quarter. Pennsylvania Trust Co now owns 13,145 shares of the financial services provider’s stock worth $207,000 after buying an additional 1,260 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in shares of The Carlyle Group by 10.2% in the fourth quarter. Great West Life Assurance Co. Can now owns 15,440 shares of the financial services provider’s stock worth $235,000 after buying an additional 1,432 shares during the last quarter. 44.64% of the stock is owned by hedge funds and other institutional investors.
About The Carlyle Group
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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