The Carlyle Group LP (NASDAQ:CG) Receives Consensus Recommendation of “Buy” from Analysts

The Carlyle Group LP (NASDAQ:CG) has been assigned a consensus rating of “Buy” from the nineteen research firms that are currently covering the firm, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $20.34.

CG has been the subject of several recent analyst reports. ValuEngine downgraded shares of The Carlyle Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Oppenheimer set a $35.00 price target on shares of The Carlyle Group and gave the stock a “buy” rating in a research report on Friday, November 1st. UBS Group boosted their price target on shares of The Carlyle Group from $30.00 to $32.00 and gave the company a “buy” rating in a report on Monday, November 4th. Zacks Investment Research cut shares of The Carlyle Group from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Credit Suisse Group raised The Carlyle Group to an “outperform” rating and raised their price objective for the stock from $11.50 to $14.00 in a research note on Friday, August 16th.

In related news, CAO Pamela L. Bentley sold 20,000 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $26.69, for a total transaction of $533,800.00. Following 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 document filed with the SEC, which is available at this hyperlink.

Several large investors have recently bought and sold shares of CG. CWM LLC bought a new stake in The Carlyle Group during the 2nd quarter worth about $30,000. Arlington Partners LLC bought a new position in shares of The Carlyle Group in the 2nd quarter valued at about $41,000. SRS Capital Advisors Inc. acquired a new stake in shares of The Carlyle Group in the second quarter valued at about $69,000. Winslow Evans & Crocker Inc. increased its position in shares of The Carlyle Group by 19.2% in the third quarter. Winslow Evans & Crocker Inc. now owns 3,576 shares of the financial services provider’s stock valued at $94,000 after acquiring an additional 576 shares during the last quarter. Finally, Sandy Spring Bank increased its position in shares of The Carlyle Group by 215.5% in the third quarter. Sandy Spring Bank now owns 3,660 shares of the financial services provider’s stock valued at $94,000 after acquiring an additional 2,500 shares during the last quarter. Institutional investors and hedge funds own 42.42% of the company’s stock.

Shares of The Carlyle Group stock traded up $0.20 during trading on Friday, hitting $28.56. 930,100 shares of the company were exchanged, compared to its average volume of 839,916. 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 firm has a market capitalization of $3.33 billion, a P/E ratio of 10.86 and a beta of 1.72. The firm’s fifty day moving average price is $26.91 and its 200 day moving average price is $23.80. The Carlyle Group has a 1-year low of $15.09 and a 1-year high of $28.84.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The Carlyle Group had a net margin of 16.19% and a return on equity of 4.48%. The business had revenue of $527.80 million for the quarter, compared to the consensus estimate of $514.55 million. During the same period last year, the company posted $0.56 EPS. The Carlyle Group’s revenue for the quarter was down 17.7% on a year-over-year basis. As a group, equities research analysts anticipate that The Carlyle Group will post 1.66 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend was Friday, November 8th. The Carlyle Group’s dividend payout ratio is 47.15%.

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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Analyst Recommendations for The Carlyle Group (NASDAQ:CG)

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