Carlyle Group (NASDAQ:CG) Sets New 1-Year Low – Time to Sell?

Carlyle Group Inc. (NASDAQ:CG) hit a new 52-week low during trading on Wednesday . The company traded as low as $39.58 and last traded at $39.44, with a volume of 2218268 shares changing hands. The stock had previously closed at $41.42.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Citizens Jmp boosted their price target on shares of Carlyle Group from $70.00 to $73.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 6th. Wall Street Zen raised shares of Carlyle Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. Weiss Ratings upgraded Carlyle Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. UBS Group increased their price target on Carlyle Group from $63.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, TD Cowen reissued a “hold” rating on shares of Carlyle Group in a research note on Thursday, August 6th. Seven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $59.31.

Carlyle Group Stock Up 0.4%

The business has a fifty day moving average of $46.56 and a 200 day moving average of $46.76. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.35 and a quick ratio of 2.35. The stock has a market capitalization of $14.31 billion, a price-to-earnings ratio of 41.84, a PEG ratio of 1.25 and a beta of 1.84.

Carlyle Group (NASDAQ:CG) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.16. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $923.50 million. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%.The company’s revenue for the quarter was down 28.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 earnings per share. As a group, equities analysts predict that Carlyle Group Inc. will post 3.61 earnings per share for the current year.

Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, August 17th were given a $0.35 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.40 dividend on an annualized basis and a yield of 3.5%. Carlyle Group’s dividend payout ratio is presently 145.83%.

Insider Buying and Selling at Carlyle Group

In other Carlyle Group news, Director David Rubenstein sold 400,000 shares of Carlyle Group stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $42.74, for a total transaction of $17,096,000.00. Following the completion of the sale, the director directly owned 26,899,644 shares in the company, valued at $1,149,690,784.56. This trade represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 25.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CG. Allworth Financial LP boosted its holdings in shares of Carlyle Group by 32.3% during the 4th quarter. Allworth Financial LP now owns 721 shares of the financial services provider’s stock worth $43,000 after buying an additional 176 shares during the period. GW Henssler & Associates Ltd. lifted its position in Carlyle Group by 6.3% during the 4th quarter. GW Henssler & Associates Ltd. now owns 3,673 shares of the financial services provider’s stock worth $217,000 after acquiring an additional 217 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Carlyle Group by 36.6% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 962 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 258 shares during the last quarter. Wedmont Private Capital increased its stake in shares of Carlyle Group by 4.1% in the second quarter. Wedmont Private Capital now owns 7,433 shares of the financial services provider’s stock worth $332,000 after purchasing an additional 295 shares during the period. Finally, Clearstead Advisors LLC grew its holdings in Carlyle Group by 2.0% in the 4th quarter. Clearstead Advisors LLC now owns 15,977 shares of the financial services provider’s stock valued at $944,000 after buying an additional 306 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Group Company Profile

The Carlyle Group Inc (NASDAQ:CG) is a global investment firm that manages alternative assets for institutional investors, private wealth clients and other investors. The company invests across private equity, global credit and investment solutions, with strategies spanning corporate, real estate and infrastructure investments.

Carlyle’s investment activities include acquiring and supporting companies through its corporate private equity platform, providing loans and other financing through its credit business, and managing portfolios of private market investments through its investment solutions platform.