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

Carlyle Group Inc. (NASDAQ:CG) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $39.60 and last traded at $40.52, with a volume of 7276624 shares. The stock had previously closed at $41.40.

Analyst Ratings Changes

A number of research firms have weighed in on CG. Wall Street Zen lowered shares of Carlyle Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Morgan Stanley cut their price objective on Carlyle Group from $71.00 to $66.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Weiss Ratings lowered Carlyle Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, June 17th. TD Cowen cut their price target on Carlyle Group from $53.00 to $50.00 and set a “hold” rating for the company in a report on Monday, May 18th. Finally, BMO Capital Markets reduced their price objective on Carlyle Group from $65.00 to $58.00 and set an “outperform” rating for the company in a research report on Tuesday, March 24th. Seven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $62.00.

Carlyle Group Trading Up 0.5%

The company has a debt-to-equity ratio of 1.92, a current ratio of 2.55 and a quick ratio of 2.55. The business’s 50 day simple moving average is $46.10 and its 200 day simple moving average is $51.91. The stock has a market cap of $15.24 billion, a P/E ratio of 28.99, a PEG ratio of 1.44 and a beta of 1.84.

Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). The company had revenue of $750.90 million during the quarter, compared to analyst estimates of $1.01 billion. Carlyle Group had a return on equity of 20.95% and a net margin of 13.46%.The company’s quarterly revenue was down 28.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 earnings per share. On average, analysts expect that Carlyle Group Inc. will post 4.05 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Monday, May 18th. Carlyle Group’s payout ratio is currently 95.89%.

Hedge Funds Weigh In On Carlyle Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in shares of Carlyle Group by 937.5% in the first quarter. AQR Capital Management LLC now owns 57,335 shares of the financial services provider’s stock valued at $2,499,000 after acquiring an additional 51,809 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Carlyle Group by 40.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,144,974 shares of the financial services provider’s stock valued at $49,909,000 after purchasing an additional 332,533 shares in the last quarter. Empowered Funds LLC raised its position in Carlyle Group by 3.4% in the 1st quarter. Empowered Funds LLC now owns 48,237 shares of the financial services provider’s stock valued at $2,103,000 after purchasing an additional 1,579 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of Carlyle Group by 27.4% during the first quarter. Focus Partners Wealth now owns 5,434 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 1,169 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of Carlyle Group by 755.3% in the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after buying an additional 574 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

About Carlyle Group

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.