Carlyle Group (NASDAQ:CG) Reaches New 1-Year Low – What’s Next?

Carlyle Group Inc. (NASDAQ:CG) reached a new 52-week low on Wednesday . The stock traded as low as $41.51 and last traded at $41.7320, with a volume of 2215108 shares. The stock had previously closed at $42.91.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CG shares. JPMorgan Chase & Co. lowered their target price on Carlyle Group from $66.00 to $63.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. Royal Bank Of Canada cut Carlyle Group from an “outperform” rating to a “sector perform” rating and set a $58.00 price objective for the company. in a research report on Monday, May 11th. Cfra lowered shares of Carlyle Group to a “sell” rating and set a $45.00 target price on the stock. in a research report on Friday, May 8th. TD Cowen reduced their price target on shares of Carlyle Group from $53.00 to $50.00 and set a “hold” rating for the company in a report on Monday, May 18th. Finally, Wall Street Zen lowered shares of Carlyle Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Seven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Carlyle Group has an average rating of “Hold” and a consensus price target of $62.00.

Carlyle Group Price Performance

The company has a market cap of $14.85 billion, a price-to-earnings ratio of 28.32, a price-to-earnings-growth ratio of 1.52 and a beta of 1.84. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.92. The company has a fifty day moving average price of $47.29 and a two-hundred day moving average price of $52.60.

Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. The firm had revenue of $750.90 million during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. The business’s revenue for the quarter was down 28.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Carlyle Group Inc. will post 4.05 EPS for the current fiscal year.

Carlyle Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, May 18th. Carlyle Group’s dividend payout ratio (DPR) is presently 95.89%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Swiss Life Asset Management Ltd raised its stake in shares of Carlyle Group by 162.3% in the third quarter. Swiss Life Asset Management Ltd now owns 119,907 shares of the financial services provider’s stock worth $7,518,000 after acquiring an additional 74,190 shares during the last quarter. Inceptionr LLC acquired a new stake in shares of Carlyle Group in the third quarter valued at approximately $1,440,000. Moore Capital Management LP bought a new position in Carlyle Group in the 3rd quarter worth approximately $42,014,000. CSM Advisors LLC lifted its holdings in Carlyle Group by 27.1% during the 3rd quarter. CSM Advisors LLC now owns 339,003 shares of the financial services provider’s stock worth $21,259,000 after buying an additional 72,278 shares in the last quarter. Finally, Azora Capital LP increased its stake in shares of Carlyle Group by 79.6% in the 3rd quarter. Azora Capital LP now owns 1,076,083 shares of the financial services provider’s stock valued at $67,470,000 after buying an additional 477,031 shares during the period. Institutional investors and hedge funds own 55.88% of the company’s stock.

Carlyle Group Company Profile

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.