BidaskClub downgraded shares of The Carlyle Group L.P. (NASDAQ:CG) from a hold rating to a sell rating in a report released on Friday morning.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of The Carlyle Group L.P. from a buy rating to a hold rating in a report on Friday, October 6th. Morgan Stanley upped their price target on shares of The Carlyle Group L.P. from $25.00 to $27.00 and gave the stock an overweight rating in a report on Thursday, October 5th. Credit Suisse Group cut shares of The Carlyle Group L.P. to a hold rating in a report on Friday, October 6th. Citigroup Inc. cut shares of The Carlyle Group L.P. from a buy rating to a neutral rating and set a $25.50 price target on the stock. in a report on Tuesday, October 10th. Finally, ValuEngine upgraded shares of The Carlyle Group L.P. from a buy rating to a strong-buy rating in a report on Friday, September 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The Carlyle Group L.P. currently has an average rating of Buy and an average target price of $24.78.

The Carlyle Group L.P. (CG) traded down $0.25 during mid-day trading on Friday, reaching $21.25. 504,000 shares of the company’s stock were exchanged, compared to its average volume of 801,061. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.27 and a quick ratio of 1.23. The Carlyle Group L.P. has a fifty-two week low of $14.85 and a fifty-two week high of $24.85. The company has a market capitalization of $7,190.00, a PE ratio of 8.57 and a beta of 1.84.

The Carlyle Group L.P. (NASDAQ:CG) last posted its quarterly earnings data on Tuesday, October 31st. The financial services provider reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.08. The Carlyle Group L.P. had a net margin of 5.43% and a return on equity of 43.32%. The business had revenue of $639.90 million for the quarter, compared to analysts’ expectations of $668.32 million. During the same quarter in the previous year, the business posted $0.66 earnings per share. equities research analysts forecast that The Carlyle Group L.P. will post 2.85 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Friday, November 10th will be paid a $0.56 dividend. The ex-dividend date is Thursday, November 9th. This is a positive change from The Carlyle Group L.P.’s previous quarterly dividend of $0.42. This represents a $2.24 dividend on an annualized basis and a yield of 10.54%. The Carlyle Group L.P.’s dividend payout ratio is 123.08%.

A number of large investors have recently added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ lifted its stake in The Carlyle Group L.P. by 2.5% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 802,360 shares of the financial services provider’s stock worth $18,936,000 after acquiring an additional 19,565 shares during the period. Pinnacle Associates Ltd. lifted its stake in The Carlyle Group L.P. by 234.7% in the third quarter. Pinnacle Associates Ltd. now owns 35,225 shares of the financial services provider’s stock worth $831,000 after acquiring an additional 24,700 shares during the period. Hillsdale Investment Management Inc. purchased a new stake in The Carlyle Group L.P. in the third quarter worth about $408,000. Wells Fargo & Company MN lifted its stake in The Carlyle Group L.P. by 12.6% in the third quarter. Wells Fargo & Company MN now owns 873,412 shares of the financial services provider’s stock worth $20,612,000 after acquiring an additional 97,946 shares during the period. Finally, Legal & General Group Plc lifted its stake in The Carlyle Group L.P. by 11.5% in the third quarter. Legal & General Group Plc now owns 249,776 shares of the financial services provider’s stock worth $5,888,000 after acquiring an additional 25,701 shares during the period. 36.76% of the stock is owned by institutional investors.

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)

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