The Carlyle Group (NASDAQ:CG) Rating Lowered to “Sell” at StockNews.com

StockNews.com downgraded shares of The Carlyle Group (NASDAQ:CG) from a hold rating to a sell rating in a research report report published on Sunday.

A number of other analysts also recently weighed in on CG. Evercore ISI increased their price objective on The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a report on Monday, October 14th. Wells Fargo & Company increased their price target on The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. Oppenheimer upped their target price on The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, November 11th. TD Cowen boosted their price target on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Finally, Redburn Atlantic assumed coverage on shares of The Carlyle Group in a research note on Tuesday, August 27th. They set a “buy” rating and a $55.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $53.47.

The Carlyle Group Trading Down 0.7 %

Shares of CG stock opened at $52.39 on Friday. The Carlyle Group has a 12-month low of $36.64 and a 12-month high of $55.11. The firm has a 50 day moving average price of $50.70 and a two-hundred day moving average price of $44.85. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $18.74 billion, a PE ratio of 180.66, a price-to-earnings-growth ratio of 1.40 and a beta of 1.69.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.08. The firm had revenue of $895.00 million for the quarter, compared to analysts’ expectations of $908.17 million. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.87 EPS. As a group, analysts predict that The Carlyle Group will post 3.77 earnings per share for the current year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Monday, November 18th. The Carlyle Group’s payout ratio is 482.76%.

Insider Buying and Selling at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 92,905 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $2.27, for a total transaction of $210,894.35. Following the transaction, the insider now directly owns 3,155,461 shares in the company, valued at $7,162,896.47. This trade represents a 2.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel A. D’aniello sold 495,542 shares of The Carlyle Group stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the completion of the transaction, the director now directly owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. The trade was a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,171,556 shares of company stock valued at $29,222,475 in the last 90 days. Corporate insiders own 27.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Westbourne Investment Advisors Inc. boosted its holdings in shares of The Carlyle Group by 3.6% during the 3rd quarter. Westbourne Investment Advisors Inc. now owns 5,700 shares of the financial services provider’s stock valued at $245,000 after buying an additional 200 shares in the last quarter. Bleakley Financial Group LLC increased its position in shares of The Carlyle Group by 0.5% during the third quarter. Bleakley Financial Group LLC now owns 41,742 shares of the financial services provider’s stock valued at $1,797,000 after acquiring an additional 208 shares in the last quarter. Tobam boosted its position in shares of The Carlyle Group by 32.8% during the third quarter. Tobam now owns 890 shares of the financial services provider’s stock valued at $38,000 after buying an additional 220 shares during the last quarter. Western Pacific Wealth Management LP raised its position in The Carlyle Group by 10.6% in the 3rd quarter. Western Pacific Wealth Management LP now owns 3,284 shares of the financial services provider’s stock worth $141,000 after buying an additional 314 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of The Carlyle Group by 0.5% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 61,684 shares of the financial services provider’s stock worth $2,484,000 after buying an additional 318 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors.

About The 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.