The Carlyle Group L.P. (CG) Downgraded to D+ at TheStreet

TheStreet downgraded shares of The Carlyle Group L.P. (NASDAQ:CG) from a c- rating to a d+ rating in a research note issued to investors on Thursday morning.

CG has been the subject of several other reports. Credit Suisse Group reissued a buy rating and issued a $23.00 target price on shares of The Carlyle Group L.P. in a research report on Thursday, June 15th. ValuEngine downgraded shares of The Carlyle Group L.P. from a strong-buy rating to a buy rating in a research report on Thursday. Zacks Investment Research cut shares of The Carlyle Group L.P. from a buy rating to a hold rating in a research note on Monday, July 24th. Deutsche Bank AG boosted their price objective on shares of The Carlyle Group L.P. from $19.00 to $20.00 and gave the stock a hold rating in a research note on Thursday, August 3rd. Finally, BidaskClub cut shares of The Carlyle Group L.P. from a strong-buy rating to a buy rating in a research note on Thursday, July 6th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $22.78.

Shares of The Carlyle Group L.P. (CG) traded up 6.20% during trading on Thursday, hitting $21.40. 999,270 shares of the company were exchanged. The stock has a market cap of $1.95 billion, a P/E ratio of 50.12 and a beta of 1.81. The Carlyle Group L.P. has a 12 month low of $14.35 and a 12 month high of $22.12. The company’s 50-day moving average price is $20.92 and its 200 day moving average price is $18.37.

The Carlyle Group L.P. (NASDAQ:CG) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.37. The company had revenue of $908.40 million during the quarter, compared to the consensus estimate of $696.36 million. The Carlyle Group L.P. had a net margin of 4.13% and a return on equity of 41.32%. During the same period in the previous year, the firm posted $0.35 earnings per share. On average, equities analysts predict that The Carlyle Group L.P. will post $2.81 earnings per share for the current fiscal year.

WARNING: This piece was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international trademark and copyright law. The legal version of this piece can be read at https://sportsperspectives.com/2017/09/11/the-carlyle-group-l-p-cg-downgraded-to-d-at-thestreet.html.

The business also recently announced a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Monday, August 14th were paid a dividend of $0.42 per share. This is a boost from The Carlyle Group L.P.’s previous quarterly dividend of $0.10. This represents a $1.68 annualized dividend and a yield of 8.34%. The ex-dividend date of this dividend was Thursday, August 10th. The Carlyle Group L.P.’s dividend payout ratio is presently 128.24%.

In other news, Director Edward J. Mathias sold 6,593 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total value of $140,101.25. Following the completion of the transaction, the director now owns 34,114 shares in the company, valued at approximately $724,922.50. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Pamela L. Bentley sold 17,760 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total transaction of $377,400.00. Following the completion of the transaction, the insider now owns 143,942 shares of the company’s stock, valued at approximately $3,058,767.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,013 shares of company stock valued at $1,317,776.

Several hedge funds have recently made changes to their positions in CG. Bronfman E.L. Rothschild L.P. raised its stake in shares of The Carlyle Group L.P. by 2,205.9% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,096 shares of the financial services provider’s stock valued at $101,000 after buying an additional 4,875 shares in the last quarter. Penserra Capital Management LLC raised its stake in shares of The Carlyle Group L.P. by 8.7% in the 2nd quarter. Penserra Capital Management LLC now owns 5,254 shares of the financial services provider’s stock valued at $103,000 after buying an additional 419 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of The Carlyle Group L.P. by 1.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,241 shares of the financial services provider’s stock valued at $163,000 after buying an additional 144 shares in the last quarter. Pathstone Family Office LLC raised its stake in shares of The Carlyle Group L.P. by 1,660.0% in the 2nd quarter. Pathstone Family Office LLC now owns 8,800 shares of the financial services provider’s stock valued at $173,000 after buying an additional 8,300 shares in the last quarter. Finally, Pinnacle Associates Ltd. acquired a new position in shares of The Carlyle Group L.P. in the 1st quarter valued at $182,000. Institutional investors own 40.64% of the company’s stock.

About The Carlyle Group L.P.

The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The Company operates in four segments: Corporate Private Equity (CPE), Real Assets, Global Market Strategies (GMS) and Investment Solutions. Corporate Private Equity advises its buyout and growth capital funds, which pursue various corporate investments of different sizes and growth potentials.

Analyst Recommendations for The Carlyle Group L.P. (NASDAQ:CG)

Receive News & Ratings for The Carlyle Group L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Carlyle Group L.P. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply