The Carlyle Group (NASDAQ:CG) Sets New 52-Week Low on Analyst Downgrade

The Carlyle Group Inc. (NASDAQ:CG - Get Free Report)'s share price hit a new 52-week low during trading on Friday after TD Cowen lowered their price target on the stock from $54.00 to $37.00. TD Cowen currently has a hold rating on the stock. The Carlyle Group traded as low as $34.20 and last traded at $33.70, with a volume of 1063467 shares traded. The stock had previously closed at $38.71.

Several other equities analysts have also recently issued reports on the company. Wolfe Research raised The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 target price on the stock in a research note on Friday, January 3rd. Evercore ISI increased 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 research note on Wednesday, February 12th. Barclays decreased their target price on The Carlyle Group from $55.00 to $43.00 and set an "overweight" rating for the company in a research report on Monday. Bank of America reduced their target price on shares of The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating on the stock in a research report on Friday, April 4th. Finally, Wells Fargo & Company dropped their price objective on shares of The Carlyle Group from $48.00 to $39.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $51.06.

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Hedge Funds Weigh In On The Carlyle Group

A number of large investors have recently made changes to their positions in the company. Verition Fund Management LLC bought a new position in shares of The Carlyle Group during the third quarter valued at approximately $316,000. HighTower Advisors LLC grew its position in The Carlyle Group by 1.1% in the 3rd quarter. HighTower Advisors LLC now owns 39,421 shares of the financial services provider's stock valued at $1,701,000 after acquiring an additional 415 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of The Carlyle Group by 116.0% during the third quarter. Janus Henderson Group PLC now owns 18,994 shares of the financial services provider's stock worth $818,000 after purchasing an additional 10,200 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of The Carlyle Group by 32.8% during the third quarter. Wellington Management Group LLP now owns 8,320 shares of the financial services provider's stock valued at $358,000 after purchasing an additional 2,055 shares during the period. Finally, MML Investors Services LLC grew its holdings in shares of The Carlyle Group by 11.0% in the third quarter. MML Investors Services LLC now owns 17,085 shares of the financial services provider's stock worth $736,000 after purchasing an additional 1,688 shares during the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

The Carlyle Group Stock Up 6.8 %

The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.42. The company has a market cap of $13.66 billion, a PE ratio of 13.68, a P/E/G ratio of 0.98 and a beta of 1.72. The company's 50 day moving average is $46.58 and its 200 day moving average is $49.40.

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

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.40 annualized dividend and a dividend yield of 3.70%. The Carlyle Group's dividend payout ratio is currently 50.36%.

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.