Oppenheimer restated their buy rating on shares of The Carlyle Group (NASDAQ:CG) in a research note issued to investors on Thursday morning, AnalystRatings.com reports. The firm currently has a $39.00 price target on the financial services provider’s stock.

Several other equities analysts have also weighed in on the stock. Bank of America raised their price objective on shares of The Carlyle Group from $25.00 to $27.00 and gave the company an underperform rating in a research report on Friday, July 10th. Credit Suisse Group lowered their target price on shares of The Carlyle Group from $25.00 to $24.00 and set a neutral rating on the stock in a research report on Friday, May 1st. TheStreet downgraded The Carlyle Group from a c rating to a d rating in a research note on Tuesday, May 5th. CIBC raised The Carlyle Group to an outperformer rating and raised their price objective for the company from $14.00 to $17.00 in a research note on Monday, June 8th. Finally, Citigroup cut The Carlyle Group from a buy rating to a neutral rating in a research report on Monday, June 8th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $28.38.

NASDAQ CG opened at $28.47 on Thursday. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 3.22. The Carlyle Group has a 1-year low of $15.21 and a 1-year high of $34.98. The firm’s fifty day simple moving average is $28.75 and its 200-day simple moving average is $27.33. The company has a market capitalization of $9.92 billion, a PE ratio of -32.35 and a beta of 1.66.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Thursday, July 30th. The financial services provider reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.17. The firm had revenue of $582.20 million for the quarter, compared to the consensus estimate of $475.52 million. The Carlyle Group had a positive return on equity of 18.68% and a negative net margin of 13.03%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.23 earnings per share. As a group, analysts predict that The Carlyle Group will post 1.68 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 18th. Stockholders of record on Tuesday, August 11th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Monday, August 10th. The Carlyle Group’s dividend payout ratio is currently 58.82%.

In other The Carlyle Group news, major shareholder Carlyle Group Management L.L.C sold 7,545,000 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $29.76, for a total value of $224,539,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 12,165,000 shares of company stock valued at $784,024,400.

A number of hedge funds have recently modified their holdings of the stock. Capital World Investors bought a new stake in The Carlyle Group in the 1st quarter valued at $113,980,000. Artemis Investment Management LLP grew its stake in shares of The Carlyle Group by 4.0% in the 1st quarter. Artemis Investment Management LLP now owns 2,465,746 shares of the financial services provider’s stock valued at $53,444,678,000 after purchasing an additional 95,195 shares during the period. Markel Corp lifted its holdings in shares of The Carlyle Group by 1.0% during the first quarter. Markel Corp now owns 1,222,000 shares of the financial services provider’s stock valued at $26,456,000 after acquiring an additional 12,000 shares during the period. Deutsche Bank AG boosted its stake in shares of The Carlyle Group by 709.6% in the 1st quarter. Deutsche Bank AG now owns 920,461 shares of the financial services provider’s stock valued at $19,928,000 after purchasing an additional 806,772 shares in the last quarter. Finally, LGT Capital Partners LTD. grew its holdings in shares of The Carlyle Group by 59.3% in the 1st quarter. LGT Capital Partners LTD. now owns 788,760 shares of the financial services provider’s stock worth $17,077,000 after purchasing an additional 293,760 shares during the last quarter. 23.62% of the stock is owned by hedge funds and other institutional investors.

About The Carlyle Group

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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