Carlyle Group (NASDAQ:CG) Reaches New 12-Month Low - What's Next?

Key Points

• Carlyle Group shares hit a new 52-week low, trading as low as $38.86 and closing around $39.10, below their 50-day and 200-day moving averages near $46.
• Analysts have a consensus “Hold” rating with an average price target of $58.93, although recent views range from Piper Sandler’s “Overweight” and $54 target to TD Cowen’s “Hold” rating.
• Carlyle exceeded quarterly earnings and revenue expectations, but revenue declined 28.6% year over year. The company pays a $0.35 quarterly dividend yielding about 3.5%, while director David Rubenstein recently sold 400,000 shares.

Carlyle Group Inc. (NASDAQ:CG - Get Free Report)'s share price reached a new 52-week low on Thursday . The stock traded as low as $38.86 and last traded at $39.1010, with a volume of 220933 shares trading hands. The stock had previously closed at $39.92.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CG shares. TD Cowen reissued a "hold" rating on shares of Carlyle Group in a research note on Thursday, August 6th. Piper Sandler initiated coverage on Carlyle Group in a report on Thursday. They set an "overweight" rating and a $54.00 price objective for the company. Weiss Ratings upgraded Carlyle Group from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Wall Street Zen raised Carlyle Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 29th. Finally, Morgan Stanley set a $57.00 price target on Carlyle Group in a report on Tuesday, July 21st. Eight investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Carlyle Group presently has an average rating of "Hold" and an average price target of $58.93.

Carlyle Group Stock Down 1.0%

The firm has a market cap of $14.09 billion, a P/E ratio of 41.32, a P/E/G ratio of 1.26 and a beta of 1.84. The business's fifty day moving average price is $46.18 and its two-hundred day moving average price is $46.42. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.91.

Carlyle Group (NASDAQ:CG - Get Free Report) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $0.91 by $0.16. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $923.50 million. Carlyle Group had a net margin of 10.08% and a return on equity of 22.52%. The business's quarterly revenue was down 28.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.87 earnings per share. As a group, equities research analysts anticipate that Carlyle Group Inc. will post 3.61 EPS for the current year.

Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, August 17th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, August 17th. Carlyle Group's payout ratio is 145.83%.

Insider Buying and Selling

In other news, Director David Rubenstein sold 400,000 shares of Carlyle Group stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $42.74, for a total value of $17,096,000.00. Following the transaction, the director owned 26,899,644 shares of the company's stock, valued at $1,149,690,784.56. This trade represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 25.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. boosted its holdings in Carlyle Group by 22.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,254 shares of the financial services provider's stock valued at $221,000 after acquiring an additional 971 shares during the period. National Pension Service lifted its position in shares of Carlyle Group by 4.1% during the 2nd quarter. National Pension Service now owns 15,875 shares of the financial services provider's stock worth $668,000 after purchasing an additional 627 shares during the last quarter. GFG Capital LLC grew its holdings in Carlyle Group by 4.3% in the 2nd quarter. GFG Capital LLC now owns 51,942 shares of the financial services provider's stock valued at $2,187,000 after buying an additional 2,131 shares during the last quarter. Squarepoint Ops LLC increased its position in Carlyle Group by 958.8% in the 2nd quarter. Squarepoint Ops LLC now owns 495,608 shares of the financial services provider's stock worth $20,870,000 after buying an additional 448,801 shares during the period. Finally, Arizona State Retirement System lifted its holdings in shares of Carlyle Group by 17.5% during the second quarter. Arizona State Retirement System now owns 75,075 shares of the financial services provider's stock worth $3,161,000 after buying an additional 11,190 shares during the last quarter. Institutional investors own 55.88% of the company's stock.

Carlyle Group Company Profile

The Carlyle Group Inc NASDAQ: CG is a global investment firm that manages alternative assets for institutional investors, private wealth clients and other investors. The company invests across private equity, global credit and investment solutions, with strategies spanning corporate, real estate and infrastructure investments.

Carlyle's investment activities include acquiring and supporting companies through its corporate private equity platform, providing loans and other financing through its credit business, and managing portfolios of private market investments through its investment solutions platform.

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