The Carlyle Group Inc. (NASDAQ:CG - Get Free Report) announced a quarterly dividend on Wednesday, April 24th, NASDAQ reports. Shareholders of record on Tuesday, May 14th will be paid a dividend of 0.35 per share by the financial services provider on Tuesday, May 21st. This represents a $1.40 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Monday, May 13th.
The Carlyle Group has increased its dividend payment by an average of 11.2% per year over the last three years and has increased its dividend every year for the last 2 years. The Carlyle Group has a dividend payout ratio of 30.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect The Carlyle Group to earn $4.44 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 31.5%.
The Carlyle Group Stock Up 0.3 %
The Carlyle Group stock traded up $0.13 during midday trading on Friday, reaching $42.50. The stock had a trading volume of 1,231,427 shares, compared to its average volume of 2,118,909. The Carlyle Group has a 12 month low of $25.67 and a 12 month high of $48.52. The company has a market capitalization of $15.29 billion, a P/E ratio of -23.74, a PEG ratio of 1.04 and a beta of 1.77. The company has a fifty day moving average price of $45.45 and a two-hundred day moving average price of $40.58. The company has a current ratio of 2.53, a quick ratio of 2.27 and a debt-to-equity ratio of 1.53.
The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $0.92 by $0.09. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $986.10 million. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The firm's revenue was up 35.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.63 EPS. As a group, equities analysts expect that The Carlyle Group will post 3.93 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on CG shares. Oppenheimer cut their target price on The Carlyle Group from $74.00 to $68.00 and set an "outperform" rating on the stock in a research note on Thursday, May 2nd. Jefferies Financial Group decreased their price objective on The Carlyle Group from $49.00 to $44.00 and set a "hold" rating for the company in a report on Thursday. Barclays dropped their target price on The Carlyle Group from $56.00 to $47.00 and set an "overweight" rating on the stock in a research report on Thursday, May 2nd. JMP Securities boosted their price objective on The Carlyle Group from $52.00 to $58.00 and gave the company a "market outperform" rating in a research note on Thursday, February 8th. Finally, Citigroup raised their target price on The Carlyle Group from $41.00 to $45.00 and gave the stock a "neutral" rating in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $45.60.
Get Our Latest Stock Analysis on CG
The Carlyle Group Company Profile
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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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