The Carlyle Group L.P. (NASDAQ:CG) declared a quarterly dividend on Wednesday, August 2nd, NASDAQ reports. Stockholders of record on Monday, August 14th will be paid a dividend of 0.42 per share by the financial services provider on Monday, August 21st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 8.00%. The ex-dividend date is Thursday, August 10th. This is a positive change from The Carlyle Group L.P.’s previous quarterly dividend of $0.10.
The Carlyle Group L.P. (CG) traded down 1.18% during mid-day trading on Friday, hitting $20.95. The stock had a trading volume of 728,681 shares. The Carlyle Group L.P. has a 52-week low of $14.35 and a 52-week high of $22.13. The firm has a 50-day moving average of $20.62 and a 200-day moving average of $17.92. The stock has a market cap of $1.91 billion, a P/E ratio of 49.06 and a beta of 1.83.
The Carlyle Group L.P. (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $908.40 million for the quarter, compared to analyst estimates of $696.36 million. During the same quarter in the prior year, the company earned $0.35 earnings per share. On average, analysts forecast that The Carlyle Group L.P. will post $2.81 EPS for the current fiscal year.
CG has been the topic of a number of recent research reports. Credit Suisse Group reaffirmed a “buy” rating and set a $23.00 price objective on shares of The Carlyle Group L.P. in a research report on Thursday, June 15th. Zacks Investment Research lowered The Carlyle Group L.P. from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Deutsche Bank AG increased their target price on The Carlyle Group L.P. from $19.00 to $20.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. Keefe, Bruyette & Woods raised The Carlyle Group L.P. from a “market perform” rating to an “outperform” rating and increased their target price for the company from $17.50 to $20.00 in a report on Thursday, May 4th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $17.00 target price on shares of The Carlyle Group L.P. in a report on Tuesday, May 2nd. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $22.78.
In related news, Director Edward J. Mathias sold 6,593 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total value of $140,101.25. Following the completion of the sale, the director now owns 34,114 shares in the company, valued at $724,922.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Curtis L. Buser sold 20,968 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total transaction of $445,570.00. Following the completion of the sale, the chief financial officer now owns 354,610 shares of the company’s stock, valued at approximately $7,535,462.50. The disclosure for this sale can be found here. Insiders have sold 62,013 shares of company stock valued at $1,317,776 in the last quarter.
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.
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