Citigroup Maintains The Carlyle Group LP to Neutral with Price Target $18.00

Brokerage firm Citigroup Maintains its rating on The Carlyle Group LP(NASDAQ:CG). In a research note issued to the investors, the brokerage major Raises the price-target to $18.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Jul 28, 2016.

In a different note, On Jun 16, 2016, Deutsche Bank said it Maintains its rating on The Carlyle Group LP. In the research note, the firm Lowers the price-target to $18.00 per share. The shares have been rated ‘Hold’ by the firm.

The Carlyle Group LP (CG) shares turned negative on Thursdays trading session with the shares closing down -0.04 points or -0.24% at a volume of 4,92,433. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.0038. The peak price level was also seen at $17.0038 while the days lowest was $16.66. Finally the shares closed at $16.84. The 52-week high of the shares is $26.5 while the 52-week low is $11.25. According to the latest information available, the market cap of the company is $5,459 M.

The Carlyle Group LP has also declared a cash dividend of $0.6300 on Jul 27, 2016. The shares will quote ex-dividend on Aug 11, 2016 and the record date has been fixed on Aug 15, 2016. The dividend payable date has been fixed on Aug 24, 2016.

The Carlyle Group LP(CG) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $532.50M. Analysts had an estimated revenue of $512.34M. Earnings per share were $0.35. Analysts had estimated an EPS of $0.31.

Several Insider Transactions has been reported to the SEC. On May 3, 2016, Pamela L Bentley (Chief Accounting Officer) sold 9,707 shares at $16.74 per share price.Also, On Feb 3, 2016, Curtis L. Buser (Chief Financial Officer) sold 2,470 shares at $13.38 per share price.On Dec 3, 2015, Anthony Welters (director) purchased 25,000 shares at $17.77 per share price, according to the Form-4 filing with the securities and exchange commission.

The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The Company advises on an array of investment funds and other investment vehicles that invests across a range of industries geographies asset classes and investment strategies and seeks to deliver returns for its fund investors. The Company operates in four segments: Private Equity Global Market Strategies Real Assets and Investment Solutions. The Corporate Private Equity segment advises its buyout and growth capital funds. The Global Market Strategies segment advises a group of active funds. The Real Assets segment advises its 28 active carry funds focused on real estate infrastructure and energy and natural resources. The Investment Solutions segment provides investment opportunities and resources for its investors and clients.

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