Citigroup Inc. Boosts The Carlyle Group L.P. (CG) Price Target to $25.50

The Carlyle Group L.P. (NASDAQ:CG) had its price target upped by Citigroup Inc. from $24.50 to $25.50 in a research report report published on Tuesday. Citigroup Inc. currently has a neutral rating on the financial services provider’s stock.

A number of other equities analysts also recently commented on the stock. Morgan Stanley upped their target price on shares of The Carlyle Group L.P. from $23.00 to $25.00 and gave the stock an overweight rating in a research note on Tuesday, August 8th. TheStreet upgraded shares of The Carlyle Group L.P. from a d rating to a c- rating in a research note on Wednesday, August 2nd. ValuEngine upgraded shares of The Carlyle Group L.P. from a buy rating to a strong-buy rating in a research note on Thursday, August 3rd. Deutsche Bank AG upped their target price on shares of The Carlyle Group L.P. from $19.00 to $20.00 and gave the stock a hold rating in a research note on Thursday, August 3rd. Finally, BidaskClub upgraded shares of The Carlyle Group L.P. from a hold rating to a buy rating in a research note on Wednesday, August 2nd. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The Carlyle Group L.P. currently has an average rating of Buy and an average price target of $22.78.

Shares of The Carlyle Group L.P. (NASDAQ:CG) opened at 20.95 on Tuesday. The company has a market capitalization of $1.91 billion, a PE ratio of 49.06 and a beta of 1.83. The company has a 50 day moving average price of $20.62 and a 200 day moving average price of $17.92. The Carlyle Group L.P. has a 1-year low of $14.35 and a 1-year high of $22.13.

The Carlyle Group L.P. (NASDAQ:CG) last issued its earnings results 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 business had revenue of $908.40 million for the quarter, compared to the consensus estimate of $696.36 million. The Carlyle Group L.P. had a net margin of 4.13% and a return on equity of 41.32%. During the same period in the prior year, the firm earned $0.35 EPS. Equities analysts predict that The Carlyle Group L.P. will post $2.81 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 14th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, August 10th. This is an increase from The Carlyle Group L.P.’s previous quarterly dividend of $0.10. This represents a $1.68 dividend on an annualized basis and a dividend yield of 8.00%. The Carlyle Group L.P.’s dividend payout ratio (DPR) is currently 128.24%.

In other news, General Counsel Jeffrey W. Ferguson sold 16,692 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total transaction of $354,705.00. Following the transaction, the general counsel now directly owns 161,956 shares in the company, valued at $3,441,565. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Pamela L. Bentley sold 17,760 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total transaction of $377,400.00. Following the transaction, the insider now owns 143,942 shares in the company, valued at $3,058,767.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,013 shares of company stock worth $1,317,776.

Several institutional investors have recently added to or reduced their stakes in the stock. Schafer Cullen Capital Management Inc. purchased a new stake in The Carlyle Group L.P. during the second quarter worth approximately $280,000. BW Gestao de Investimentos Ltda. boosted its stake in The Carlyle Group L.P. by 544.9% in the second quarter. BW Gestao de Investimentos Ltda. now owns 89,640 shares of the financial services provider’s stock worth $1,770,000 after buying an additional 75,741 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC boosted its stake in The Carlyle Group L.P. by 1.1% in the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 143,795 shares of the financial services provider’s stock worth $2,840,000 after buying an additional 1,500 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in The Carlyle Group L.P. by 46.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 45,734 shares of the financial services provider’s stock worth $903,000 after buying an additional 14,440 shares during the last quarter. Finally, Partners Group Holding AG boosted its stake in The Carlyle Group L.P. by 1.8% in the second quarter. Partners Group Holding AG now owns 580,124 shares of the financial services provider’s stock worth $11,225,000 after buying an additional 10,300 shares during the last quarter. Hedge funds and other institutional investors own 42.79% of the company’s stock.

About The Carlyle Group L.P.

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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