Carlyle Group (NASDAQ:CG) Shares Cross Below Fifty Day Moving Average - What's Next?

Key Points

• Carlyle shares fell below their 50-day moving average, trading as low as $39.30 and last at $39.36, compared with a 50-day average of $40.11.
• Analyst sentiment is broadly neutral: Carlyle has a consensus “Hold” rating and a $50.21 average price target. Several firms recently lowered their targets or ratings.
• The company declared a quarterly dividend of $0.35 per share, equivalent to a 3.6% yield; its stated payout ratio is 148.94%.

Carlyle Group Inc. (NASDAQ:CG - Get Free Report) shares passed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $40.11 and traded as low as $39.30. Carlyle Group shares last traded at $39.36, with a volume of 3,952,816 shares.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CG. JPMorgan Chase & Co. cut their price target on shares of Carlyle Group from $64.00 to $62.00 and set a "neutral" rating on the stock in a report on Monday. Morgan Stanley set a $51.00 target price on shares of Carlyle Group in a research report on Friday, October 16th. Royal Bank Of Canada cut their target price on Carlyle Group from $58.00 to $48.00 and set a "sector perform" rating on the stock in a report on Monday, October 5th. UBS Group cut Carlyle Group from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $60.00 to $47.00 in a research report on Tuesday. Finally, The Goldman Sachs Group lowered their price objective on Carlyle Group from $66.00 to $58.00 and set a "buy" rating on the stock in a report on Tuesday. Seven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $50.21.

Carlyle Group Price Performance

The company has a debt-to-equity ratio of 2.23, a current ratio of 0.76 and a quick ratio of 2.35. The stock's 50 day moving average price is $40.11 and its two-hundred day moving average price is $46.34. The firm has a market capitalization of $13.93 billion, a price-to-earnings ratio of 41.87, a PEG ratio of 1.08 and a beta of 1.84.

Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Monday, November 16th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, November 16th. Carlyle Group's dividend payout ratio (DPR) is currently 148.94%.

Insider Activity at Carlyle Group

In other 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 25.40% of the company's stock.

Institutional Trading of Carlyle Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Carlyle Group in the second quarter valued at approximately $1,346,848,000. William Blair Investment Management LLC raised its stake in shares of Carlyle Group by 15.3% in the third quarter. William Blair Investment Management LLC now owns 6,821,563 shares of the financial services provider's stock valued at $270,543,000 after purchasing an additional 906,658 shares in the last quarter. Legal & General Group Plc acquired a new stake in shares of Carlyle Group during the 2nd quarter valued at about $162,984,000. Amundi boosted its holdings in Carlyle Group by 419.0% during the second quarter. Amundi now owns 3,406,001 shares of the financial services provider's stock valued at $143,427,000 after purchasing an additional 2,749,781 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Carlyle Group by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 2,047,650 shares of the financial services provider's stock valued at $99,086,000 after buying an additional 23,065 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company's stock.

Carlyle Group Company Profile

The Carlyle Group Inc. is a global alternative asset manager that invests on behalf of institutional and individual clients. Its business includes private equity, credit and investment solutions, including portfolios of private equity funds and related investments. Founded in Washington, D.C., in 1987, Carlyle has grown into an international firm with investment activities and offices across North America, Europe and Asia, among other regions. Its strategies span a range of industries and markets, and it works with businesses at different stages of development.

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