The Carlyle Group (NASDAQ:CG) Sees Unusually-High Trading Volume - Time to Buy?

The Carlyle Group Inc. (NASDAQ:CG - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 5,626,232 shares were traded during mid-day trading, an increase of 119% from the previous session's volume of 2,568,202 shares.The stock last traded at $34.57 and had previously closed at $35.84.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. TD Cowen dropped their price objective on The Carlyle Group from $54.00 to $37.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Evercore ISI raised their price target on shares of The Carlyle Group from $51.00 to $52.00 and gave the stock an "in-line" rating in a report on Wednesday, February 12th. Barclays lowered their price objective on shares of The Carlyle Group from $55.00 to $43.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. Morgan Stanley cut their target price on The Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Finally, Wolfe Research raised The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 price target for the company in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, The Carlyle Group presently has an average rating of "Hold" and an average target price of $50.71.

The Carlyle Group Stock Up 0.6 %

The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32. The stock's 50 day simple moving average is $42.22 and its two-hundred day simple moving average is $48.65. The firm has a market cap of $14.10 billion, a P/E ratio of 14.04, a P/E/G ratio of 0.98 and a beta of 1.72.

The Carlyle Group (NASDAQ:CG - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. As a group, research analysts forecast that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a $0.35 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.40 annualized dividend and a dividend yield of 3.59%. The Carlyle Group's dividend payout ratio is presently 50.36%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Arizona State Retirement System increased its holdings in The Carlyle Group by 0.3% in the 4th quarter. Arizona State Retirement System now owns 67,239 shares of the financial services provider's stock worth $3,395,000 after buying an additional 220 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its holdings in shares of The Carlyle Group by 0.3% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 80,820 shares of the financial services provider's stock valued at $4,081,000 after purchasing an additional 225 shares during the last quarter. Aviva PLC boosted its holdings in The Carlyle Group by 1.3% in the fourth quarter. Aviva PLC now owns 17,408 shares of the financial services provider's stock worth $879,000 after purchasing an additional 227 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in The Carlyle Group by 0.6% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 46,607 shares of the financial services provider's stock worth $2,353,000 after purchasing an additional 258 shares during the period. Finally, O ROURKE & COMPANY Inc lifted its holdings in shares of The Carlyle Group by 1.5% during the 4th quarter. O ROURKE & COMPANY Inc now owns 17,990 shares of the financial services provider's stock valued at $908,000 after buying an additional 266 shares during the period. Hedge funds and other institutional investors own 55.88% of the company's stock.

About The Carlyle Group

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.