The Carlyle Group LP (NASDAQ:CG) has been assigned a consensus rating of “Buy” from the thirteen brokerages that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $24.43.
A number of research analysts have recently commented on CG shares. Morgan Stanley set a $28.00 price target on The Carlyle Group and gave the company a “buy” rating in a research report on Monday, December 4th. BidaskClub cut The Carlyle Group from a “buy” rating to a “hold” rating in a research report on Saturday, January 20th. TheStreet raised The Carlyle Group from a “d+” rating to a “c” rating in a research report on Tuesday, October 31st. Credit Suisse Group dropped their price target on The Carlyle Group from $26.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, November 2nd. Finally, JPMorgan Chase & Co. dropped their price target on The Carlyle Group from $28.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 1st.
The Carlyle Group (NASDAQ:CG) traded down $1.10 during mid-day trading on Friday, reaching $23.00. The company’s stock had a trading volume of 1,490,560 shares, compared to its average volume of 706,868. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.23 and a current ratio of 1.27. The Carlyle Group has a twelve month low of $15.45 and a twelve month high of $25.90. The stock has a market capitalization of $7,810.00, a PE ratio of 9.31 and a beta of 1.70.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Tuesday, February 20th will be issued a dividend of $0.33 per share. The ex-dividend date is Friday, February 16th. This represents a $1.32 dividend on an annualized basis and a yield of 5.74%. The Carlyle Group’s dividend payout ratio (DPR) is 90.69%.
In related news, Director Edward J. Mathias sold 17,133 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $21.21, for a total transaction of $363,390.93. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
A number of hedge funds and other institutional investors have recently made changes to their positions in CG. FMR LLC increased its stake in The Carlyle Group by 201.6% in the 2nd quarter. FMR LLC now owns 1,901,705 shares of the financial services provider’s stock worth $37,559,000 after acquiring an additional 1,271,205 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in The Carlyle Group by 29.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,981,876 shares of the financial services provider’s stock worth $39,142,000 after acquiring an additional 448,150 shares during the last quarter. Bamco Inc. NY increased its stake in The Carlyle Group by 2.8% in the 3rd quarter. Bamco Inc. NY now owns 5,665,005 shares of the financial services provider’s stock worth $133,694,000 after acquiring an additional 152,500 shares during the last quarter. Carnick & Kubik Group LLC bought a new position in The Carlyle Group in the 4th quarter worth about $2,524,000. Finally, Markel Corp increased its stake in The Carlyle Group by 15.2% in the 3rd quarter. Markel Corp now owns 797,000 shares of the financial services provider’s stock worth $18,809,000 after acquiring an additional 105,000 shares during the last quarter. Institutional investors and hedge funds own 37.93% of the company’s stock.
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The Carlyle Group Company Profile
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.
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