The Carlyle Group (CG) Downgraded to “Neutral” at Credit Suisse Group

Credit Suisse Group cut shares of The Carlyle Group (NASDAQ:CG) from an outperform rating to a neutral rating in a research report report published on Tuesday, BenzingaRatingsTable reports. They currently have $22.00 price target on the financial services provider’s stock.

CG has been the topic of several other research reports. BidaskClub lowered The Carlyle Group from a hold rating to a sell rating in a research note on Tuesday, April 9th. Canaccord Genuity reiterated an average rating and issued a $9.00 target price on shares of The Carlyle Group in a research note on Monday, March 25th. CIBC reissued a hold rating and issued a $9.00 price target on shares of The Carlyle Group in a report on Monday, April 8th. ValuEngine raised The Carlyle Group from a hold rating to a buy rating in a report on Friday, May 3rd. Finally, Bank of America downgraded The Carlyle Group from a buy rating to a neutral rating and lowered their price target for the stock from $23.00 to $20.00 in a report on Friday, March 29th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $21.00.

CG opened at $20.71 on Tuesday. The Carlyle Group has a 1 year low of $15.09 and a 1 year high of $25.25. The company has a debt-to-equity ratio of 2.04, a quick ratio of 2.80 and a current ratio of 2.81. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 7.87 and a beta of 1.70.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Wednesday, May 1st. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.10). The Carlyle Group had a net margin of 7.60% and a return on equity of 6.82%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $487.45 million. During the same quarter last year, the firm earned $0.47 EPS. The Carlyle Group’s revenue for the quarter was up 54.7% on a year-over-year basis. Sell-side analysts predict that The Carlyle Group will post 1.68 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Monday, May 13th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.67%. The ex-dividend date was Friday, May 10th. The Carlyle Group’s dividend payout ratio is presently 28.90%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Slow Capital Inc. lifted its holdings in shares of The Carlyle Group by 25.5% during the fourth quarter. Slow Capital Inc. now owns 95,149 shares of the financial services provider’s stock worth $1,499,000 after purchasing an additional 19,349 shares during the period. Ashford Capital Management Inc. lifted its holdings in shares of The Carlyle Group by 28.7% during the fourth quarter. Ashford Capital Management Inc. now owns 26,000 shares of the financial services provider’s stock worth $410,000 after purchasing an additional 5,800 shares during the period. Glacier Peak Capital LLC acquired a new stake in shares of The Carlyle Group during the fourth quarter worth about $906,000. Markel Corp lifted its holdings in shares of The Carlyle Group by 0.3% during the fourth quarter. Markel Corp now owns 1,093,000 shares of the financial services provider’s stock worth $17,215,000 after purchasing an additional 3,000 shares during the period. Finally, Caption Management LLC lifted its holdings in shares of The Carlyle Group by 8.0% during the fourth quarter. Caption Management LLC now owns 35,000 shares of the financial services provider’s stock worth $551,000 after purchasing an additional 2,600 shares during the period. 44.63% of the stock is owned by institutional investors and hedge funds.

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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