The Carlyle Group LP (NASDAQ:CG)‘s stock had its “buy” rating reiterated by equities research analysts at Credit Suisse Group AG in a report issued on Thursday. They currently have a $10.25 price target on the stock. Credit Suisse Group AG’s price target points to a potential downside of 36.34% from the stock’s previous close.

Several other research analysts have also weighed in on the stock. Zacks Investment Research raised shares of The Carlyle Group from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Barclays PLC raised their price objective on shares of The Carlyle Group from $17.00 to $18.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 9th. Citigroup Inc. raised their price objective on shares of The Carlyle Group from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, July 28th. Jefferies Group reissued a “hold” rating on shares of The Carlyle Group in a report on Thursday, October 13th. Finally, Deutsche Bank AG raised their price objective on shares of The Carlyle Group from $16.00 to $17.00 and gave the stock a “hold” rating in a report on Friday, August 5th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The Carlyle Group currently has an average rating of “Hold” and a consensus target price of $16.48.

Analyst Recommendations for The Carlyle Group (NASDAQ:CG)

The Carlyle Group (NASDAQ:CG) opened at 16.10 on Thursday.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.12. The company had revenue of $607.30 million for the quarter, compared to analyst estimates of $506.18 million. The Carlyle Group had a return on equity of 9.41% and a net margin of 0.51%. The Carlyle Group’s revenue was up 104.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.43) earnings per share. On average, equities research analysts anticipate that The Carlyle Group will post $1.12 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 16th. Shareholders of record on Tuesday, November 8th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 12.42%. The ex-dividend date of this dividend was Friday, November 4th. The Carlyle Group’s payout ratio is 10,000.00%.

Hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC bought a new stake in The Carlyle Group during the second quarter worth approximately $168,000. Baldwin Brothers Inc. MA increased its stake in The Carlyle Group by 133.3% in the third quarter. Baldwin Brothers Inc. MA now owns 10,500 shares of the company’s stock worth $163,000 after buying an additional 6,000 shares during the period. First Manhattan Co. increased its stake in The Carlyle Group by 1,447.1% in the third quarter. First Manhattan Co. now owns 10,830 shares of the company’s stock worth $168,000 after buying an additional 10,130 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in The Carlyle Group by 0.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 10,920 shares of the company’s stock worth $177,000 after buying an additional 38 shares during the period. Finally, Palo Capital Inc. bought a new stake in The Carlyle Group during the second quarter worth approximately $180,000. Institutional investors own 42.08% of the company’s stock.

About The Carlyle Group

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.

5 Day Chart for NASDAQ:CG

Receive News & Stock Ratings for The Carlyle Group LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Carlyle Group LP and related stocks with our FREE daily email newsletter.