Carlyle Group Inc. (NASDAQ:CG) Declares Quarterly Dividend of $0.35

Key Points

• Carlyle Group Inc. has declared a quarterly dividend of $0.35 per share, with shareholders of record set to be paid on August 28th.
• The company reported $0.87 earnings per share for the quarter, missing expectations, but saw a 47% year-over-year revenue increase.
• Analysts have raised their price targets for the stock, with JMP Securities increasing their price objective from $58.00 to $70.00 and Citigroup upgrading it from neutral to buy.

Carlyle Group Inc. (NASDAQ:CG - Get Free Report) announced a quarterly dividend on Wednesday, August 6th, RTT News reports. Shareholders of record on Monday, August 18th will be paid a dividend of 0.35 per share by the financial services provider on Thursday, August 28th. This represents a c) dividend on an annualized basis and a yield of 2.2%.

Carlyle Group has a payout ratio of 30.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Carlyle Group to earn $4.74 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 29.5%.

Carlyle Group Stock Performance

Shares of CG traded up $2.21 during mid-day trading on Wednesday, hitting $62.31. The company's stock had a trading volume of 976,899 shares, compared to its average volume of 2,827,144. Carlyle Group has a one year low of $33.02 and a one year high of $63.74. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.36 and a current ratio of 2.36. The firm has a market capitalization of $22.50 billion, a PE ratio of 21.13, a price-to-earnings-growth ratio of 1.17 and a beta of 1.90. The stock's 50-day moving average is $53.26 and its two-hundred day moving average is $48.00.

Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.06). Carlyle Group had a net margin of 19.00% and a return on equity of 23.78%. During the same period in the prior year, the firm earned $0.78 earnings per share. The firm's quarterly revenue was up 47.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Carlyle Group will post 4.48 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on CG. JMP Securities increased their price objective on Carlyle Group from $58.00 to $70.00 and gave the stock a "market outperform" rating in a research note on Monday, July 14th. Citigroup upgraded Carlyle Group from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $44.00 to $65.00 in a research note on Thursday, July 10th. Evercore ISI increased their price objective on Carlyle Group from $45.00 to $58.00 and gave the stock an "in-line" rating in a research note on Thursday, July 10th. Wells Fargo & Company raised their target price on Carlyle Group from $49.00 to $61.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. Finally, Barclays restated an "overweight" rating and issued a $64.00 target price (up from $49.00) on shares of Carlyle Group in a research note on Thursday, July 10th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $57.73.

About Carlyle Group

The Carlyle Group Inc 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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