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

Carlyle Group Inc. (NASDAQ:CG) hit a new 52-week low during mid-day trading on Wednesday . The stock 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 Upgrades and Downgrades

Several research firms recently commented on CG. Morgan Stanley set a $57.00 price objective on Carlyle Group in a research note on Tuesday, July 21st. Citizens Jmp raised their price objective on Carlyle Group from $70.00 to $73.00 and gave the company a “market outperform” rating in a research note on Thursday, August 6th. Royal Bank Of Canada cut their target price on Carlyle Group from $58.00 to $56.00 and set a “sector perform” rating on the stock in a research report on Monday, July 13th. TD Cowen restated a “hold” rating on shares of Carlyle Group in a report on Thursday, August 6th. Finally, Barclays lifted their price objective on shares of Carlyle Group from $57.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Carlyle Group presently has an average rating of “Hold” and a consensus price target of $59.31.

Carlyle Group Trading Down 3.6%

The company’s 50 day simple moving average is $46.70 and its 200-day simple moving average is $46.94. The firm has a market cap of $14.23 billion, a P/E ratio of 41.53, a P/E/G ratio of 1.29 and a beta of 1.84. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.91.

Carlyle Group (NASDAQ:CG) last released 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. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%.The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $923.50 million. During the same quarter in the prior year, the firm posted $0.87 earnings per share. The company’s quarterly revenue was down 28.6% on a year-over-year basis. As a group, research analysts predict that Carlyle Group Inc. will post 3.65 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, August 17th were paid a $0.35 dividend. The ex-dividend date 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 (DPR) is presently 145.83%.

Insider Buying and Selling at Carlyle Group

In other news, Director David Rubenstein sold 400,000 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $1,149,690,784.56. The trade was a 1.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 25.40% of the company’s stock.

Institutional Investors Weigh In On Carlyle Group

Several large investors have recently added to or reduced their stakes in the stock. Main Street Group LTD bought a new position in Carlyle Group in the 1st quarter worth about $27,000. Allworth Financial LP bought a new stake in shares of Carlyle Group during the second quarter valued at approximately $35,000. MassMutual Private Wealth & Trust FSB grew its stake in 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 worth $41,000 after purchasing an additional 258 shares in the last quarter. Western Wealth Management LLC purchased a new position in Carlyle Group during the 1st quarter worth $52,000. Finally, Cary Street Partners Investment Advisory LLC raised its position in Carlyle Group by 50.6% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 955 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 321 shares in the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

About Carlyle Group

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.