BidaskClub lowered shares of The Carlyle Group (NASDAQ:CG) from a sell rating to a strong sell rating in a report released on Saturday morning.

A number of other equities research analysts also recently issued reports on CG. Zacks Investment Research raised The Carlyle Group from a strong sell rating to a hold rating in a research report on Friday, November 2nd. ValuEngine downgraded The Carlyle Group from a sell rating to a strong sell rating in a research report on Thursday, November 15th. Oppenheimer set a $35.00 price target on The Carlyle Group and gave the company a buy rating in a research report on Wednesday, August 1st. Deutsche Bank lowered their price target on The Carlyle Group from $26.00 to $24.00 and set a hold rating for the company in a research report on Thursday, October 11th. Finally, JPMorgan Chase & Co. boosted their price target on The Carlyle Group from $27.00 to $28.00 and gave the company an overweight rating in a research report on Friday, November 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. The Carlyle Group currently has a consensus rating of Hold and a consensus price target of $27.90.

Shares of NASDAQ:CG opened at $17.26 on Friday. The firm has a market capitalization of $1.94 billion, a PE ratio of 4.97 and a beta of 1.65. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 2.35. The Carlyle Group has a 52 week low of $16.82 and a 52 week high of $25.90.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Wednesday, October 31st. The financial services provider reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.24). The Carlyle Group had a net margin of 5.47% and a return on equity of 26.30%. The business had revenue of $679.10 million during the quarter, compared to analysts’ expectations of $660.04 million. During the same period in the prior year, the firm earned $0.56 EPS. The Carlyle Group’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, research analysts anticipate that The Carlyle Group will post 1.9 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 20th. Shareholders of record on Tuesday, November 13th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 9.73%. The ex-dividend date was Friday, November 9th. This is a boost from The Carlyle Group’s previous quarterly dividend of $0.22. The Carlyle Group’s payout ratio is currently 48.41%.

In related news, Director Janet Hill acquired 5,000 shares of The Carlyle Group stock in a transaction on Monday, November 5th. The shares were bought at an average price of $20.19 per share, for a total transaction of $100,950.00. Following the completion of the purchase, the director now directly owns 41,680 shares in the company, valued at approximately $841,519.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional investors and hedge funds have recently modified their holdings of the business. Tuttle Tactical Management acquired a new position in shares of The Carlyle Group during the second quarter worth about $107,000. Westbourne Investment Advisors Inc. acquired a new position in shares of The Carlyle Group in the third quarter worth about $113,000. North Star Investment Management Corp. acquired a new position in shares of The Carlyle Group in the second quarter worth about $145,000. Cornerstone Wealth Management LLC acquired a new position in shares of The Carlyle Group in the third quarter worth about $200,000. Finally, Kendall Capital Management acquired a new position in shares of The Carlyle Group in the third quarter worth about $221,000. Institutional investors own 38.99% of the company’s stock.

The Carlyle Group Company Profile

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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