The Carlyle Group L.P. (CG) Given a $20.00 Price Target at Credit Suisse Group

Credit Suisse Group set a $20.00 target price on The Carlyle Group L.P. (NASDAQ:CG) in a research note published on Thursday. The brokerage currently has a hold rating on the stock.

A number of other research firms also recently commented on CG. Citigroup Inc. upgraded The Carlyle Group L.P. from a neutral rating to a buy rating in a research note on Tuesday, December 20th. Zacks Investment Research downgraded The Carlyle Group L.P. from a buy rating to a hold rating in a research note on Tuesday, January 10th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The Carlyle Group L.P. currently has an average rating of Hold and a consensus target price of $18.25.

Analyst Recommendations for The Carlyle Group L.P. (NASDAQ:CG)

The Carlyle Group L.P. (NASDAQ:CG) traded up 0.63% during mid-day trading on Thursday, reaching $16.10. The company’s stock had a trading volume of 344,354 shares. The stock’s 50-day moving average is $16.67 and its 200-day moving average is $15.91. The Carlyle Group L.P. has a 12 month low of $13.98 and a 12 month high of $17.97. The firm’s market capitalization is $1.36 billion.

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The Carlyle Group L.P. (NASDAQ:CG) last announced its earnings results on Wednesday, February 8th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.41 by $0.39. The business had revenue of $575.90 million for the quarter, compared to analyst estimates of $545.14 million. The Carlyle Group L.P. had a net margin of 0.28% and a return on equity of 14.73%. The firm’s revenue was down 19.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.24 earnings per share. On average, equities analysts anticipate that The Carlyle Group L.P. will post $1.69 EPS for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 28th. Shareholders of record on Tuesday, February 21st will be paid a $0.16 dividend. The ex-dividend date of this dividend is Thursday, February 16th. This represents a $0.64 dividend on an annualized basis and a yield of 4.01%. The Carlyle Group L.P.’s payout ratio is currently -2,000.00%.

A number of institutional investors have recently modified their holdings of the stock. Neuberger Berman Group LLC increased its position in shares of The Carlyle Group L.P. by 26.5% in the third quarter. Neuberger Berman Group LLC now owns 19,075 shares of the company’s stock worth $297,000 after buying an additional 4,000 shares during the last quarter. SOL Capital Management CO increased its position in shares of The Carlyle Group L.P. by 0.6% in the third quarter. SOL Capital Management CO now owns 242,450 shares of the company’s stock worth $3,775,000 after buying an additional 1,400 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of The Carlyle Group L.P. by 2.9% in the third quarter. Wells Fargo & Company MN now owns 331,279 shares of the company’s stock worth $5,158,000 after buying an additional 9,326 shares during the last quarter. First Manhattan Co. increased its position in shares of The Carlyle Group L.P. 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 last quarter. Finally, Palo Capital Inc. increased its position in shares of The Carlyle Group L.P. by 10.4% in the third quarter. Palo Capital Inc. now owns 12,250 shares of the company’s stock worth $191,000 after buying an additional 1,150 shares during the last quarter. Institutional investors own 41.59% of the company’s stock.

The Carlyle Group L.P. Company Profile

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

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