The Carlyle Group (NASDAQ:CG) Hits New 52-Week Low Following Analyst Downgrade

Shares of The Carlyle Group Inc. (NASDAQ:CG) reached a new 52-week low on Friday after Bank of America lowered their price target on the stock from $47.00 to $46.00. Bank of America currently has an underperform rating on the stock. The Carlyle Group traded as low as $34.20 and last traded at $33.70, with a volume of 1063467 shares traded. The stock had previously closed at $38.71.

Other equities analysts have also issued reports about the company. Barclays dropped their price target on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Oppenheimer lowered shares of The Carlyle Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Wolfe Research raised shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target for the company in a research note on Friday, January 3rd. Wells Fargo & Company cut their price objective on shares of The Carlyle Group from $54.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 20th. Finally, StockNews.com lowered The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $54.00.

Institutional Trading of The Carlyle Group

Institutional investors and hedge funds have recently made changes to their positions in the company. National Pension Service purchased a new position in The Carlyle Group in the fourth quarter worth $25,000. Golden State Wealth Management LLC purchased a new stake in The Carlyle Group in the fourth quarter worth $25,000. Valley National Advisers Inc. lifted its position in shares of The Carlyle Group by 149.3% during the 4th quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock valued at $27,000 after buying an additional 327 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of The Carlyle Group by 253.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 405 shares during the period. Finally, Main Street Group LTD bought a new position in The Carlyle Group in the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Price Performance

The business’s fifty day simple moving average is $47.81 and its 200-day simple moving average is $49.56. The firm has a market cap of $12.96 billion, a P/E ratio of 12.91, a PEG ratio of 0.98 and a beta of 1.73. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.42.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. As a group, analysts forecast that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a dividend of $0.35 per share. The ex-dividend date was Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a yield of 3.90%. The Carlyle Group’s payout ratio is 50.36%.

The Carlyle Group Company Profile

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.