Carlyle Group (NASDAQ:CG) Reaches New 12-Month Low – Should You Sell?

Shares of Carlyle Group Inc. (NASDAQ:CG) hit a new 52-week low during trading on Wednesday . The company traded as low as $41.51 and last traded at $41.7320, with a volume of 2215108 shares traded. The stock had previously closed at $42.91.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Morgan Stanley lowered their price target on shares of Carlyle Group from $71.00 to $66.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Weiss Ratings cut shares of Carlyle Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, June 17th. JPMorgan Chase & Co. dropped their target price on shares of Carlyle Group from $66.00 to $63.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Wall Street Zen downgraded Carlyle Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, TD Cowen cut their target price on Carlyle Group from $53.00 to $50.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Seven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $62.00.

Carlyle Group Stock Performance

The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.92. The stock has a market cap of $14.85 billion, a price-to-earnings ratio of 28.32, a PEG ratio of 1.52 and a beta of 1.84. The stock’s fifty day moving average is $47.29 and its 200-day moving average is $52.60.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). The firm had revenue of $750.90 million for the quarter, compared to the consensus estimate of $1.01 billion. Carlyle Group had a return on equity of 20.95% and a net margin of 13.46%.The company’s revenue for the quarter was down 28.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.14 earnings per share. On average, analysts forecast that Carlyle Group Inc. will post 4.05 EPS for the current year.

Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Monday, May 18th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.4%. The ex-dividend date was Monday, May 18th. Carlyle Group’s dividend payout ratio (DPR) is 95.89%.

Hedge Funds Weigh In On Carlyle Group

Large investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Carlyle Group in the fourth quarter valued at about $288,257,000. State Street Corp lifted its stake in Carlyle Group by 20.9% in the 3rd quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock valued at $623,372,000 after acquiring an additional 1,720,483 shares in the last quarter. Regents of The University of California bought a new position in shares of Carlyle Group during the 1st quarter worth approximately $73,360,000. Balyasny Asset Management L.P. acquired a new stake in shares of Carlyle Group in the third quarter valued at approximately $75,612,000. Finally, Vanguard Group Inc. boosted its holdings in Carlyle Group by 3.7% during the fourth quarter. Vanguard Group Inc. now owns 26,368,246 shares of the financial services provider’s stock worth $1,558,627,000 after purchasing an additional 934,237 shares during the last quarter. Institutional investors own 55.88% of the company’s stock.

About Carlyle Group

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.