Carlyle Group (NASDAQ:CG) Downgraded by Wall Street Zen to Sell

Wall Street Zen lowered shares of Carlyle Group (NASDAQ:CG) from a hold rating to a sell rating in a research note published on Saturday,Wall Street Zen reports.

CG has been the subject of a number of other research reports. BMO Capital Markets restated an “outperform” rating and issued a $52.00 target price on shares of Carlyle Group in a research note on Monday, July 13th. Citigroup reiterated an “outperform” rating on shares of Carlyle Group in a research note on Thursday, August 6th. Royal Bank Of Canada dropped their price objective on shares of Carlyle Group from $58.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday, October 5th. Weiss Ratings upgraded shares of Carlyle Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Finally, Evercore set a $51.00 target price on shares of Carlyle Group in a report on Thursday, August 6th. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $56.60.

Carlyle Group Trading Up 0.1%

Carlyle Group stock opened at $38.42 on Friday. The stock has a market cap of $13.69 billion, a P/E ratio of 40.02, a PEG ratio of 1.12 and a beta of 1.88. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.35 and a current ratio of 2.35. The firm’s fifty day moving average price is $44.71 and its 200-day moving average price is $45.75. Carlyle Group has a fifty-two week low of $37.08 and a fifty-two week high of $67.30.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.16. Carlyle Group had a net margin of 10.08% and a return on equity of 22.52%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $923.50 million. During the same quarter in the prior year, the company earned $0.87 EPS. The firm’s revenue was down 28.6% on a year-over-year basis. Equities research analysts forecast that Carlyle Group will post 3.58 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, August 17th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.40 annualized dividend and a dividend yield of 3.6%. Carlyle Group’s dividend payout ratio (DPR) is 145.83%.

Insider Transactions at Carlyle Group

In related news, Director David Rubenstein sold 400,000 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $42.74, for a total value of $17,096,000.00. Following the transaction, the director directly owned 26,899,644 shares of the company’s stock, valued at approximately $1,149,690,784.56. This represents a 1.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 25.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Main Street Group LTD bought a new stake in Carlyle Group in the 1st quarter worth about $27,000. Allworth Financial LP bought a new position in Carlyle Group during the second quarter valued at approximately $35,000. MassMutual Private Wealth & Trust FSB grew its position in Carlyle Group by 36.6% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 962 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 258 shares during the period. Western Wealth Management LLC purchased a new stake in Carlyle Group during the 1st quarter valued at $52,000. Finally, GHP Investment Advisors Inc. purchased a new stake in Carlyle Group during the 1st quarter valued at $57,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Carlyle Group Company Profile

The Carlyle Group Inc is a global alternative asset management firm that invests across private equity, credit and investment solutions. The company manages funds and investment vehicles for institutional investors, private wealth clients and other investors, with strategies focused on private markets and long-term value creation.

Carlyle’s investment activities include corporate buyouts, growth capital, middle-market lending, structured credit, real assets and secondaries. Through its investment solutions business, the firm also provides access to private-market strategies and manages portfolios of private equity interests and other alternative investments.

Founded in 1987 by William E.