The Carlyle Group (NASDAQ:CG) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of The Carlyle Group (NASDAQ:CG) from a hold rating to a sell rating in a report released on Friday.

A number of other equities research analysts have also recently commented on CG. TD Cowen increased their target price on The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Keefe, Bruyette & Woods increased their price objective on The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a research report on Friday, November 8th. 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 research report on Monday, October 14th. Redburn Atlantic initiated coverage on The Carlyle Group in a research report on Tuesday, August 27th. They set a “buy” rating and a $55.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, The Carlyle Group has an average rating of “Hold” and a consensus price target of $53.33.

The Carlyle Group Trading Up 1.6 %

NASDAQ CG opened at $53.65 on Friday. The Carlyle Group has a 12 month low of $32.09 and a 12 month high of $54.52. The stock has a market cap of $19.19 billion, a P/E ratio of 185.00, a P/E/G ratio of 1.39 and a beta of 1.70. The stock’s fifty day moving average price is $48.30 and its 200-day moving average price is $44.00. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. 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 prior year, the firm posted $0.87 earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. As a group, equities analysts forecast that The Carlyle Group will post 3.77 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Monday, November 18th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Monday, November 18th. The Carlyle Group’s dividend payout ratio (DPR) is currently 482.76%.

Insider Transactions at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 924,466 shares of The Carlyle Group stock in a transaction that occurred on Wednesday, October 9th. The stock was 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. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel A. D’aniello sold 495,542 shares of The Carlyle Group stock in a transaction that occurred 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 sale, the director now directly 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 disclosure for this sale can be found here. Insiders have sold 2,171,556 shares of company stock valued at $29,222,475 over the last quarter. 27.20% of the stock is currently owned by company insiders.

Institutional Trading of The Carlyle Group

A number of large investors have recently added to or reduced their stakes in CG. Cetera Investment Advisers boosted its holdings in shares of The Carlyle Group by 292.1% in the 1st quarter. Cetera Investment Advisers now owns 33,560 shares of the financial services provider’s stock worth $1,574,000 after purchasing an additional 25,002 shares during the period. Assenagon Asset Management S.A. boosted its holdings in The Carlyle Group by 182.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 387,332 shares of the financial services provider’s stock valued at $15,551,000 after acquiring an additional 250,021 shares during the period. Comerica Bank raised its position in The Carlyle Group by 44.5% during the 1st quarter. Comerica Bank now owns 184,420 shares of the financial services provider’s stock valued at $8,651,000 after purchasing an additional 56,811 shares in the last quarter. SMH Capital Advisors Inc. bought a new stake in The Carlyle Group during the 2nd quarter valued at $636,000. Finally, Caxton Associates LP bought a new stake in The Carlyle Group during the 1st quarter valued at $2,008,000. Institutional investors own 55.88% of the company’s stock.

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.