Carlyle Group (NASDAQ:CG) Trading Down 5.4% – Time to Sell?

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

Analyst Ratings Changes

Several analysts recently weighed in on CG shares. Barclays upped their price target on Carlyle Group from $65.00 to $71.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. TD Cowen reaffirmed a “buy” rating on shares of Carlyle Group in a report on Wednesday, January 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlyle Group in a report on Wednesday, January 21st. Wall Street Zen cut shares of Carlyle Group from a “hold” rating to a “sell” rating in a research note on Sunday, January 11th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Carlyle Group from $66.00 to $64.00 and set a “market perform” rating for the company in a research note on Monday, November 3rd. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Carlyle Group has an average rating of “Hold” and a consensus price target of $68.08.

Carlyle Group Stock Down 5.1%

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 $60.32 and its 200 day moving average price is $59.98. The stock has a market capitalization of $18.78 billion, a P/E ratio of 23.92, a P/E/G ratio of 1.05 and a beta of 2.05.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Friday, February 6th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the company posted $0.92 EPS. The company’s quarterly revenue was up 84.1% on a year-over-year basis. As a group, equities analysts expect that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Monday, February 16th will be given a dividend of $0.35 per share. The ex-dividend date is Friday, February 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.7%. Carlyle Group’s dividend payout ratio (DPR) is presently 64.22%.

Insider Buying and Selling at Carlyle Group

In related news, Director David M. Rubenstein sold 625,000 shares of the business’s stock in a transaction 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 sale, the director owned 27,999,644 shares in the company, valued at approximately $1,583,379,868.20. The trade was a 2.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 26.30% of the company’s stock.

Institutional Trading of Carlyle Group

A number of institutional investors have recently bought and sold shares of CG. Allworth Financial LP boosted its stake in shares of Carlyle Group by 150.3% during the 2nd quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 299 shares during the period. Bernard Wealth Management Corp. purchased a new position in shares of Carlyle Group during the fourth quarter worth approximately $30,000. WFA of San Diego LLC purchased a new stake in shares of Carlyle Group in the second quarter valued at approximately $26,000. Quarry LP purchased a new stake in shares of Carlyle Group in the 3rd quarter worth $33,000. Finally, Motco bought a new position in shares of Carlyle Group during the 3rd quarter worth $40,000. 55.88% of the stock is currently owned by institutional investors.

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.