Published On: Sun, Sep 11th, 2016

The Carlyle Group’s (CG) “Hold” Rating Reaffirmed at Credit Suisse Group AG

The Carlyle Group LP (NASDAQ:CG)‘s stock had its “hold” rating reiterated by equities research analysts at Credit Suisse Group AG in a report issued on Sunday. They currently have a $20.00 target price on the stock. Credit Suisse Group AG’s price objective indicates a potential upside of 27.31% from the stock’s previous close.
A number of other equities analysts also recently issued reports on CG. Deutsche Bank AG reaffirmed a “hold” rating on shares of The Carlyle Group in a research report on Sunday, July 10th. Jefferies Group reaffirmed a “hold” rating on shares of The Carlyle Group in a research report on Friday, June 10th. Zacks Investment Research raised The Carlyle Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 14th. Citigroup Inc. upped their price target on The Carlyle Group from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, July 28th. Finally, Barclays PLC upped their price target on The Carlyle Group from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 9th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $19.05.
Shares of The Carlyle Group (NASDAQ:CG) opened at 15.71 on Friday. The Carlyle Group has a 12-month low of $11.25 and a 12-month high of $21.20. The company’s market capitalization is $1.28 billion. The firm’s 50-day moving average price is $16.32 and its 200-day moving average price is $16.32.

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The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. The business had revenue of $488.10 million for the quarter, compared to the consensus estimate of $501 million. The Carlyle Group had a positive return on equity of 3.99% and a negative net margin of 3.44%. The business’s quarterly revenue was down 19.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 earnings per share. On average, analysts expect that The Carlyle Group will post $1.33 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 24th. Shareholders of record on Monday, August 15th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 16.04%. This is a positive change from The Carlyle Group’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, August 11th. The Carlyle Group’s dividend payout ratio is presently -235.51%.
In other The Carlyle Group news, CFO Curtis L. Buser sold 8,294 shares of the company’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $16.13, for a total value of $133,782.22. Following the sale, the chief financial officer now directly owns 193,825 shares of the company’s stock, valued at $3,126,397.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Pamela L. Bentley sold 13,292 shares of the stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $16.13, for a total transaction of $214,399.96. Following the sale, the insider now directly owns 148,786 shares in the company, valued at $2,399,918.18. The disclosure for this sale can be found here.
Several large investors have recently bought and sold shares of the company. Royal Bank of Canada raised its stake in The Carlyle Group by 22.0% in the first quarter. Royal Bank of Canada now owns 63,567 shares of the company’s stock valued at $1,072,000 after buying an additional 11,460 shares during the last quarter. Legal & General Group Plc raised its stake in The Carlyle Group by 31.4% in the first quarter. Legal & General Group Plc now owns 162,235 shares of the company’s stock valued at $2,737,000 after buying an additional 38,747 shares during the last quarter. Geode Capital Management LLC raised its stake in The Carlyle Group by 4.3% in the first quarter. Geode Capital Management LLC now owns 31,243 shares of the company’s stock valued at $527,000 after buying an additional 1,294 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in The Carlyle Group by 180.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,708,868 shares of the company’s stock valued at $28,846,000 after buying an additional 1,098,471 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in The Carlyle Group during the first quarter valued at about $468,000. 43.24% of the stock is currently owned by institutional investors and hedge funds.
The Carlyle Group Company Profile
The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The Company advises on a range of investment funds and other investment vehicles that invests across a range of industries, geographies, asset classes and investment strategies, and seeks to deliver returns for its fund investors.

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