Carlyle Group (NASDAQ:CG) Sets New 1-Year Low - What's Next?

Key Points

• Carlyle Group shares hit a new 52-week low, trading as low as $38.70, well below their 50-day and 200-day moving averages near $45.
• Analyst sentiment remains mixed: the consensus rating is Hold with a $57.33 target price, although recent targets range from $48 to $70.
• The company beat quarterly earnings expectations with $1.07 EPS versus $0.91 forecast and $1.11 billion in revenue, but revenue declined 28.6% year over year. Carlyle also offers a $0.35 quarterly dividend, yielding about 3.7%, despite a high 145.83% payout ratio.

Carlyle Group Inc. (NASDAQ:CG - Get Free Report)'s share price reached a new 52-week low during trading on Wednesday. The stock traded as low as $38.70 and last traded at $37.8980, with a volume of 6599 shares. The stock had previously closed at $38.88.

Analyst Ratings Changes

A number of research analysts have issued reports on CG shares. Royal Bank Of Canada decreased their price target on Carlyle Group from $58.00 to $48.00 and set a "sector perform" rating for the company in a report on Monday. Keefe, Bruyette & Woods lifted their target price on shares of Carlyle Group from $47.00 to $50.00 and gave the company a "market perform" rating in a report on Thursday, August 6th. Barclays increased their price target on shares of Carlyle Group from $57.00 to $64.00 and gave the stock an "overweight" rating in a report on Thursday, August 6th. UBS Group lifted their price objective on shares of Carlyle Group from $63.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Finally, Piper Sandler assumed coverage on shares of Carlyle Group in a research report on Thursday, September 24th. They issued an "overweight" rating and a $54.00 price objective for the company. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $57.33.

Carlyle Group Price Performance

The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.91. The firm has a market capitalization of $13.49 billion, a PE ratio of 39.30, a PEG ratio of 1.24 and a beta of 1.88. The stock has a 50-day moving average price of $45.14 and a 200 day moving average price of $45.94.

Carlyle Group (NASDAQ:CG - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.16. The firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $923.50 million. Carlyle Group had a net margin of 10.08% and a return on equity of 22.52%. The firm's revenue for the quarter was down 28.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.87 EPS. Equities analysts forecast that Carlyle Group Inc. will post 3.58 EPS for the current fiscal year.

Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, August 17th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Monday, August 17th. Carlyle Group's dividend payout ratio is 145.83%.

Insider Transactions at Carlyle Group

In related news, Director David Rubenstein sold 400,000 shares of Carlyle Group stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $42.74, for a total value of $17,096,000.00. Following the sale, the director directly owned 26,899,644 shares in the company, valued at approximately $1,149,690,784.56. The trade was a 1.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 25.40% of the company's stock.

Institutional Trading of Carlyle Group

Large investors have recently made changes to their positions in the company. Main Street Group LTD acquired a new stake in Carlyle Group during the 1st quarter worth $27,000. Allworth Financial LP purchased a new position in Carlyle Group in the 2nd quarter worth approximately $35,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Carlyle Group by 36.6% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 962 shares of the financial services provider's stock valued at $41,000 after buying an additional 258 shares during the period. Western Wealth Management LLC acquired a new stake in shares of Carlyle Group during the 1st quarter worth about $52,000. Finally, GHP Investment Advisors Inc. purchased a new stake in Carlyle Group in the 1st quarter valued at about $57,000. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Carlyle Group Company Profile

The Carlyle Group Inc is a global alternative asset management firm that invests across private equity, credit and investment solutions. The company manages funds and investment vehicles for institutional investors, private wealth clients and other investors, with strategies focused on private markets and long-term value creation.

Carlyle's investment activities include corporate buyouts, growth capital, middle-market lending, structured credit, real assets and secondaries. Through its investment solutions business, the firm also provides access to private-market strategies and manages portfolios of private equity interests and other alternative investments.

Founded in 1987 by William E.

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