Positive News Coverage Somewhat Unlikely to Affect The Carlyle Group (CG) Share Price

Media coverage about The Carlyle Group (NASDAQ:CG) has been trending positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. The Carlyle Group earned a news sentiment score of 0.43 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 45.2662658011401 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news headlines that may have effected Accern’s rankings:

A number of analysts have issued reports on the stock. BidaskClub upgraded shares of The Carlyle Group from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Morgan Stanley boosted their price objective on shares of The Carlyle Group from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 8th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $25.00 price objective on shares of The Carlyle Group in a research note on Wednesday, August 16th. Citigroup cut shares of The Carlyle Group from a “buy” rating to a “neutral” rating and set a $25.50 price objective for the company. in a research note on Tuesday, October 10th. Finally, ValuEngine upgraded shares of The Carlyle Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The Carlyle Group presently has an average rating of “Buy” and an average price target of $24.89.

Shares of The Carlyle Group (NASDAQ:CG) traded up $0.50 during trading on Monday, hitting $20.55. 2,081,283 shares of the stock were exchanged, compared to its average volume of 820,269. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.27 and a quick ratio of 1.23. The Carlyle Group has a twelve month low of $14.85 and a twelve month high of $24.85. The firm has a market capitalization of $7,030.00, a PE ratio of 8.08 and a beta of 1.79.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Tuesday, October 31st. The financial services provider reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.08. The Carlyle Group had a net margin of 5.43% and a return on equity of 43.32%. The business had revenue of $639.90 million during the quarter, compared to analysts’ expectations of $668.32 million. During the same period in the previous year, the company earned $0.66 earnings per share. equities research analysts anticipate that The Carlyle Group will post 2.85 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Friday, November 10th were given a dividend of $0.56 per share. The ex-dividend date was Thursday, November 9th. This represents a $2.24 dividend on an annualized basis and a yield of 10.90%. This is a positive change from The Carlyle Group’s previous quarterly dividend of $0.42. The Carlyle Group’s payout ratio is 123.08%.

In related news, Director Edward J. Mathias sold 17,133 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $21.21, for a total transaction of $363,390.93. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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About The Carlyle Group

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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