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

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

Wall Street Analyst Weigh In

Several research firms have issued reports on CG. The Goldman Sachs Group decreased their price target on shares of Carlyle Group from $81.00 to $69.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Royal Bank Of Canada downgraded shares of Carlyle Group from an “outperform” rating to a “sector perform” rating and set a $58.00 price objective on the stock. in a research note on Monday, May 11th. Evercore set a $56.00 target price on shares of Carlyle Group in a research note on Tuesday, April 21st. Wall Street Zen downgraded Carlyle Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, BMO Capital Markets lowered their price target on Carlyle Group from $65.00 to $58.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. Seven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $62.00.

Carlyle Group Trading Down 2.1%

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 $46.52 and its two-hundred day simple moving average is $52.16. The stock has a market capitalization of $14.59 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 1.41 and a beta of 1.84.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.02). The business 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%.Carlyle Group’s revenue was down 28.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.14 EPS. On average, research analysts anticipate that Carlyle Group Inc. will post 4.05 earnings per share for the current fiscal year.

Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Monday, May 18th were given a $0.35 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.40 annualized dividend and a yield of 3.5%. Carlyle Group’s dividend payout ratio (DPR) is 95.89%.

Hedge Funds Weigh In On Carlyle Group

Several hedge funds and other institutional investors have recently bought and sold shares of CG. WFA of San Diego LLC purchased a new position in Carlyle Group in the 2nd quarter worth approximately $26,000. Main Street Group LTD purchased a new stake in shares of Carlyle Group during the first quarter valued at approximately $27,000. Geneos Wealth Management Inc. lifted its position in shares of Carlyle Group by 755.3% during the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 574 shares in the last quarter. Bernard Wealth Management Corp. purchased a new position in shares of Carlyle Group in the fourth quarter valued at $30,000. Finally, Quarry LP acquired a new stake in Carlyle Group during the 3rd quarter valued at $33,000. 55.88% of the stock is owned by institutional investors and hedge funds.

Carlyle Group Company Profile

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.