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

Wall Street Zen downgraded shares of Carlyle Group (NASDAQ:CG) from a hold rating to a sell rating in a report issued on Saturday morning.

A number of other research analysts have also weighed in on the stock. Citigroup decreased their target price on shares of Carlyle Group from $74.00 to $71.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. JPMorgan Chase & Co. decreased their price objective on shares of Carlyle Group from $68.00 to $66.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Evercore ISI dropped their target price on Carlyle Group from $64.00 to $57.00 and set an “in-line” rating for the company in a research report on Monday, November 3rd. Keefe, Bruyette & Woods lowered their price objective on Carlyle Group from $66.00 to $64.00 and set a “market perform” rating for the company in a research report on Monday, November 3rd. Finally, Morgan Stanley increased their target price on Carlyle Group from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Tuesday, October 21st. Seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $66.00.

Carlyle Group Trading Down 0.1%

Carlyle Group stock opened at $53.33 on Friday. The stock has a 50-day moving average price of $60.02 and a 200 day moving average price of $55.96. The company has a market capitalization of $19.22 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 1.22 and a beta of 2.01. Carlyle Group has a 52 week low of $33.02 and a 52 week high of $69.85. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.52.

Carlyle Group (NASDAQ:CG) last posted its earnings results on Friday, November 7th. The financial services provider reported $0.98 earnings per share for the quarter, meeting the consensus estimate of $0.98. Carlyle Group had a net margin of 20.22% and a return on equity of 23.60%. The firm had revenue of $782.50 million during the quarter, compared to analyst estimates of $848.51 million. During the same period in the previous year, the firm earned $0.95 EPS. Sell-side analysts anticipate that Carlyle Group will post 4.48 EPS for the current year.

Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, November 10th. Carlyle Group’s payout ratio is presently 78.21%.

Institutional Trading of Carlyle Group

A number of hedge funds and other institutional investors have recently modified their holdings of CG. Farther Finance Advisors LLC increased its position in shares of Carlyle Group by 18.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,150 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 177 shares during the last quarter. Wedmont Private Capital grew its stake in shares of Carlyle Group by 3.5% in the second quarter. Wedmont Private Capital now owns 5,831 shares of the financial services provider’s stock valued at $332,000 after buying an additional 196 shares in the last quarter. DMC Group LLC raised its position in Carlyle Group by 3.2% during the third quarter. DMC Group LLC now owns 6,594 shares of the financial services provider’s stock worth $413,000 after acquiring an additional 205 shares in the last quarter. Verdence Capital Advisors LLC grew its position in shares of Carlyle Group by 1.8% in the 2nd quarter. Verdence Capital Advisors LLC now owns 11,673 shares of the financial services provider’s stock valued at $600,000 after acquiring an additional 212 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG lifted its stake in Carlyle Group by 3.5% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 6,365 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 215 shares during the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

About Carlyle Group

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.