Carlyle Group (NASDAQ:CG) Shares Down 5.7% - Time to Sell?

Key Points

• Carlyle Group's shares fell by 5.7% on a recent trading day, reaching a price as low as $63.56, with trading volume significantly below average.
• Analysts maintain a mostly positive outlook, with several upgrades and an average target price of $59.93, despite the recent drop in share price.
• The company announced a quarterly dividend of $0.35, translating to an annual yield of 2.2%, with a dividend payout ratio of 40.94%.

Carlyle Group Inc. (NASDAQ:CG - Get Free Report)'s share price traded down 5.7% during trading on Wednesday . The stock traded as low as $63.56 and last traded at $63.37. 840,725 shares traded hands during trading, a decline of 70% from the average session volume of 2,834,265 shares. The stock had previously closed at $67.20.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Citigroup reaffirmed an "outperform" rating on shares of Carlyle Group in a research report on Thursday, August 14th. Barclays reaffirmed an "overweight" rating and set a $74.00 price objective (up from $66.00) on shares of Carlyle Group in a research report on Thursday, August 7th. Wells Fargo & Company increased their target price on Carlyle Group from $49.00 to $61.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. Evercore ISI increased their target price on 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 increased their target price on Carlyle Group from $70.00 to $75.00 and gave the company a "market outperform" rating in a report on Thursday, August 14th. Six analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $59.93.

Carlyle Group Price Performance

The firm has a 50 day moving average price of $63.58 and a 200 day moving average price of $51.15. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.52. The stock has a market cap of $22.93 billion, a P/E ratio of 18.55, a P/E/G ratio of 1.23 and a beta of 2.01.

Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Monday, August 18th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.40 annualized dividend and a dividend yield of 2.2%. Carlyle Group's dividend payout ratio (DPR) is 40.94%.

Insiders Place Their Bets

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was 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 directly owned 753,255 shares in the company, valued at $48,381,568.65. This represents a 21.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 26.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Carlyle Group

A number of institutional investors and hedge funds have recently modified their holdings of CG. Whipplewood Advisors LLC boosted 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 purchasing an additional 561 shares during the period. Allworth Financial LP boosted 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 purchasing an additional 299 shares during the period. WFA of San Diego LLC purchased a new position in shares of Carlyle Group in the 2nd quarter worth approximately $26,000. Private Trust Co. NA boosted 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 purchasing an additional 321 shares during the period. Finally, Geneos Wealth Management Inc. boosted 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 purchasing an additional 574 shares during the period. Hedge funds and other institutional investors own 55.88% of the company's stock.

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.

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