Carlyle Group (NASDAQ:CG) Shares Down 5.4% – Here’s Why

Carlyle Group Inc. (NASDAQ:CG)’s stock price fell 5.4% during mid-day trading on Thursday . The stock traded as low as $51.94 and last traded at $51.9220. 358,969 shares were traded during trading, a decline of 88% from the average session volume of 2,886,719 shares. The stock had previously closed at $54.90.

Analysts Set New Price Targets

Several brokerages recently issued reports on CG. Wall Street Zen downgraded Carlyle Group from a “hold” rating to a “sell” rating in a research note on Sunday, January 11th. JPMorgan Chase & Co. increased their price target on shares of Carlyle Group from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Evercore boosted their price objective on shares of Carlyle Group from $57.00 to $62.00 and gave the company an “in-line” rating in a research report on Thursday, January 22nd. UBS Group cut their target price on shares of Carlyle Group from $81.00 to $65.00 and set a “buy” rating for the company in a research report on Friday. Finally, Citigroup lowered their price target on shares of Carlyle Group from $74.00 to $71.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Carlyle Group has an average rating of “Hold” and a consensus price target of $66.85.

Carlyle Group Trading Up 0.5%

The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.49 and a current ratio of 2.49. The company’s 50 day moving average price is $60.07 and its 200 day moving average price is $59.88. The company has a market cap of $19.18 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 1.03 and a beta of 2.05.

Carlyle Group (NASDAQ:CG) last posted its earnings results on Friday, February 6th. The financial services provider reported $1.01 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.03). Carlyle Group had a return on equity of 23.98% and a net margin of 16.92%.The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the company earned $0.92 earnings per share. The company’s quarterly revenue was up 84.1% compared to the same quarter last year. Research analysts anticipate that Carlyle Group Inc. will post 4.48 EPS for the current year.

Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Monday, February 16th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.40 dividend on an annualized basis and a yield of 2.6%. Carlyle Group’s dividend payout ratio is presently 64.22%.

Insider Activity at Carlyle Group

In other news, Director David M. Rubenstein sold 625,000 shares of Carlyle Group stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $56.55, for a total value of $35,343,750.00. Following the transaction, the director owned 27,999,644 shares of the company’s stock, valued at $1,583,379,868.20. This trade represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 26.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Carlyle Group

Hedge funds have recently made changes to their positions in the stock. DMC Group LLC raised its holdings in Carlyle Group by 2.5% in the 4th quarter. DMC Group LLC now owns 6,762 shares of the financial services provider’s stock valued at $400,000 after acquiring an additional 168 shares in the last quarter. Allworth Financial LP boosted its stake in Carlyle Group by 32.3% during the fourth quarter. Allworth Financial LP now owns 721 shares of the financial services provider’s stock worth $43,000 after buying an additional 176 shares in the last quarter. Kestra Advisory Services LLC lifted its stake in Carlyle Group by 1.2% during the fourth quarter. Kestra Advisory Services LLC now owns 15,637 shares of the financial services provider’s stock worth $924,000 after purchasing an additional 184 shares during the period. Larson Financial Group LLC grew its position in Carlyle Group by 6.0% in the third quarter. Larson Financial Group LLC now owns 3,483 shares of the financial services provider’s stock valued at $218,000 after acquiring an additional 196 shares during the period. Finally, Robertson Stephens Wealth Management LLC lifted its holdings in shares of Carlyle Group by 3.1% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 6,595 shares of the financial services provider’s stock valued at $390,000 after acquiring an additional 199 shares during the period. Institutional investors own 55.88% of the company’s stock.

Carlyle Group Company Profile

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.