BidaskClub cut shares of The Carlyle Group L.P. (NASDAQ:CG) from a buy rating to a hold rating in a report issued on Thursday, July 27th.

Several other research firms also recently commented on CG. Oppenheimer Holdings, Inc. raised their target price on The Carlyle Group L.P. from $28.00 to $29.00 and gave the stock an outperform rating in a research report on Friday, July 14th. Zacks Investment Research downgraded The Carlyle Group L.P. from a buy rating to a hold rating in a research report on Monday, July 24th. Morgan Stanley restated an overweight rating and set a $21.00 target price (up previously from $20.00) on shares of The Carlyle Group L.P. in a research report on Monday, July 10th. Credit Suisse Group restated a buy rating and set a $23.00 target price on shares of The Carlyle Group L.P. in a research report on Thursday, June 15th. Finally, Keefe, Bruyette & Woods upgraded The Carlyle Group L.P. from a market perform rating to an outperform rating and raised their target price for the stock from $17.50 to $20.00 in a research report on Thursday, May 4th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $21.81.

Shares of The Carlyle Group L.P. (NASDAQ CG) opened at 20.80 on Thursday. The Carlyle Group L.P. has a one year low of $14.35 and a one year high of $22.05. The stock has a 50 day moving average price of $20.07 and a 200-day moving average price of $17.64. The company has a market capitalization of $1.85 billion, a P/E ratio of 48.26 and a beta of 1.83.

The Carlyle Group L.P. (NASDAQ:CG) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.81 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.37. The Carlyle Group L.P. had a return on equity of 41.32% and a net margin of 4.13%. The company had revenue of $908.40 million during the quarter, compared to the consensus estimate of $696.36 million. During the same quarter last year, the company earned $0.35 EPS. Equities research analysts predict that The Carlyle Group L.P. will post $2.77 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 14th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 8.08%. This is a boost from The Carlyle Group L.P.’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, August 10th. The Carlyle Group L.P.’s dividend payout ratio (DPR) is currently 30.53%.

In other news, General Counsel Jeffrey W. Ferguson sold 16,692 shares of The Carlyle Group L.P. stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $21.25, for a total value of $354,705.00. Following the completion of the sale, the general counsel now directly owns 161,956 shares of the company’s stock, valued at approximately $3,441,565. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Pamela L. Bentley sold 17,760 shares of The Carlyle Group L.P. stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total value of $377,400.00. Following the completion of the sale, the insider now directly owns 143,942 shares of the company’s stock, valued at $3,058,767.50. The disclosure for this sale can be found here. Insiders have sold a total of 62,013 shares of company stock valued at $1,317,776 over the last ninety days.

Several large investors have recently added to or reduced their stakes in CG. Bronfman E.L. Rothschild L.P. boosted its stake in The Carlyle Group L.P. by 2,205.9% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,096 shares of the financial services provider’s stock valued at $101,000 after buying an additional 4,875 shares during the period. Penserra Capital Management LLC boosted its stake in The Carlyle Group L.P. by 8.7% in the second quarter. Penserra Capital Management LLC now owns 5,254 shares of the financial services provider’s stock valued at $103,000 after buying an additional 419 shares during the period. Loeb Partners Corp purchased a new stake in The Carlyle Group L.P. during the first quarter valued at approximately $159,000. Cambridge Investment Research Advisors Inc. boosted its stake in The Carlyle Group L.P. by 1.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,241 shares of the financial services provider’s stock valued at $163,000 after buying an additional 144 shares during the period. Finally, First Manhattan Co. boosted its stake in The Carlyle Group L.P. by 6.9% in the first quarter. First Manhattan Co. now owns 10,830 shares of the financial services provider’s stock valued at $168,000 after buying an additional 700 shares during the period. 45.18% of the stock is owned by institutional investors.

The Carlyle Group L.P. Company Profile

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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