Carlyle Group (NASDAQ:CG) Reaches New 1-Year High - Still a Buy?

Key Points

• Carlyle Group Inc. shares reached a new 52-week high of $69.31, closing at $68.03 with strong trading volume of over 1.14 million shares.
• Analysts have provided various ratings for Carlyle Group, with six issuing a Buy rating, while the consensus price target stands at $59.93.
• The company recently announced a quarterly dividend of $0.35 per share, representing an annual yield of 2.1% and a payout ratio of approximately 40.94%.

Carlyle Group Inc. (NASDAQ:CG - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $69.31 and last traded at $68.03, with a volume of 1142600 shares. The stock had previously closed at $66.98.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CG shares. Jefferies Financial Group increased their target price on shares of Carlyle Group from $54.00 to $66.00 and gave the stock a "hold" rating in a research note on Wednesday, August 13th. Citigroup reiterated an "outperform" rating on shares of Carlyle Group in a report on Thursday, August 14th. Barclays reiterated an "overweight" rating and set a $74.00 price objective (up from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. Evercore ISI lifted their price objective on shares of Carlyle Group from $45.00 to $58.00 and gave the company an "in-line" rating in a report on Thursday, July 10th. Finally, JMP Securities raised their price target on shares of Carlyle Group from $70.00 to $75.00 and gave the company a "market outperform" rating in a research report on Thursday, August 14th. Six research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Carlyle Group presently has an average rating of "Hold" and an average price target of $59.93.

Carlyle Group Trading Down 1.7%

The company has a debt-to-equity ratio of 1.52, a current ratio of 2.24 and a quick ratio of 2.24. The company has a market cap of $24.66 billion, a PE ratio of 19.93, a PEG ratio of 1.24 and a beta of 2.01. The firm's 50 day moving average is $63.22 and its 200 day moving average is $50.81.

Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Monday, August 18th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Monday, August 18th. Carlyle Group's payout ratio is currently 40.94%.

Insider Buying and Selling

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $64.23, for a total value of $13,013,383.38. Following the completion of the transaction, the general counsel owned 753,255 shares of the company's stock, valued at $48,381,568.65. The trade was a 21.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 26.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Carlyle Group

A number of hedge funds have recently made changes to their positions in CG. Whipplewood Advisors LLC lifted its holdings in shares of Carlyle Group by 5,100.0% in the 1st quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider's stock worth $25,000 after acquiring an additional 561 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Carlyle Group by 150.3% in the 2nd quarter. Allworth Financial LP now owns 498 shares of the financial services provider's stock worth $26,000 after acquiring an additional 299 shares during the last quarter. WFA of San Diego LLC bought a new stake in shares of Carlyle Group in the 2nd quarter worth approximately $26,000. Private Trust Co. NA lifted its holdings in shares of Carlyle Group by 101.9% in the 1st quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock worth $28,000 after acquiring an additional 321 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Carlyle Group by 755.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider's stock worth $28,000 after acquiring an additional 574 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors.

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.