The Carlyle Group LP Plans Quarterly Dividend of $0.31 (NASDAQ:CG)

The Carlyle Group LP (NASDAQ:CG) declared a quarterly dividend on Thursday, October 24th, Fidelity reports. Shareholders of record on Tuesday, November 12th will be paid a dividend of 0.31 per share by the financial services provider on Tuesday, November 19th. This represents a $1.24 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend is Friday, November 8th.

Shares of CG stock opened at $27.54 on Thursday. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.90 and a quick ratio of 2.90. The company has a market capitalization of $3.28 billion, a P/E ratio of 10.47 and a beta of 1.72. The company’s 50-day simple moving average is $26.47 and its two-hundred day simple moving average is $23.33. The Carlyle Group has a one year low of $15.09 and a one year high of $28.20.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Thursday, October 31st. The financial services provider reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. The business had revenue of $527.80 million for the quarter, compared to the consensus estimate of $514.55 million. The Carlyle Group had a net margin of 16.19% and a return on equity of 4.48%. The company’s revenue for the quarter was down 17.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.56 EPS. On average, research analysts expect that The Carlyle Group will post 1.66 EPS for the current fiscal year.

CG has been the topic of a number of recent research reports. CIBC downgraded shares of The Carlyle Group from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $13.75 to $12.25 in a research note on Thursday, October 31st. Barclays set a $28.00 price objective on shares of The Carlyle Group and gave the company a “hold” rating in a research note on Friday, November 1st. National Bank Financial increased their price objective on shares of The Carlyle Group from $14.50 to $15.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Canaccord Genuity upgraded shares of The Carlyle Group to a “buy” rating in a research note on Thursday, October 31st. Finally, Zacks Investment Research downgraded shares of The Carlyle Group from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Ten equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $20.34.

In other The Carlyle Group news, CAO Pamela L. Bentley sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $26.69, for a total value of $533,800.00. Following the completion of the sale, the chief accounting officer now directly owns 113,660 shares in the company, valued at $3,033,585.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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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Dividend History for The Carlyle Group (NASDAQ:CG)

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