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

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

A number of other analysts also recently issued reports on CG. UBS Group raised their target price on The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Evercore ISI boosted their price objective on The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a research note on Monday, October 14th. Wells Fargo & Company increased their target price on shares of The Carlyle Group from $42.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. upped their price target on shares of The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Oppenheimer lifted their price objective on shares of The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $53.33.

The Carlyle Group Trading Up 0.2 %

NASDAQ CG opened at $52.85 on Friday. The business’s fifty day moving average is $50.32 and its 200-day moving average is $44.73. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32. The stock has a market capitalization of $18.90 billion, a price-to-earnings ratio of 182.24, a PEG ratio of 1.39 and a beta of 1.69. The Carlyle Group has a one year low of $35.36 and a one year high of $55.11.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The firm had revenue of $895.00 million for the quarter, compared to analysts’ expectations of $908.17 million. During the same period in the previous year, the company earned $0.87 earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. Equities research analysts predict that The Carlyle Group will post 3.77 EPS for the current year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date was Monday, November 18th. The Carlyle Group’s payout ratio is 482.76%.

Insider Transactions at The Carlyle Group

In related news, Director Daniel A. D’aniello sold 495,542 shares of The Carlyle Group stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total value of $25,535,279.26. Following the transaction, the director now owns 32,504,102 shares in the company, valued at $1,674,936,376.06. This trade represents a 1.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Carlyle Group Inc. sold 924,466 shares of the company’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the sale, the insider now owns 3,643,231 shares of the company’s stock, valued at approximately $7,796,514.34. The trade was a 20.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,171,556 shares of company stock valued at $29,222,475. Insiders own 27.20% of the company’s stock.

Hedge Funds Weigh In On The Carlyle Group

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