The Carlyle Group (NASDAQ:CG) Sees Strong Trading Volume - Here's Why

Shares of The Carlyle Group Inc. (NASDAQ:CG - Get Free Report) saw an uptick in trading volume on Monday . 5,626,232 shares were traded during 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 Upgrades and Downgrades

A number of equities analysts recently commented on the stock. JMP Securities cut their price target on shares of The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Barclays reduced their price target on The Carlyle Group from $55.00 to $43.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Morgan Stanley dropped their price objective on The Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Citigroup decreased their target price on The Carlyle Group from $55.00 to $39.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, TD Cowen cut their price target on shares of The Carlyle Group from $54.00 to $37.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $50.71.

The Carlyle Group Trading Up 0.5 %

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 has a market cap of $14.08 billion, a PE ratio of 14.01, a PEG ratio of 0.98 and a beta of 1.72. The company's fifty day moving average is $42.51 and its 200-day moving average is $48.69.

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

The Carlyle Group Announces Dividend

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

Hedge Funds Weigh In On The Carlyle Group

Large investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA increased its stake in shares of The Carlyle Group by 201.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,351,432 shares of the financial services provider's stock worth $320,684,000 after purchasing an additional 4,244,131 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of The Carlyle Group by 15.5% during the fourth quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider's stock valued at $668,990,000 after acquiring an additional 1,773,465 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of The Carlyle Group in the fourth quarter valued at approximately $83,784,000. Frontier Capital Management Co. LLC increased its position in shares of The Carlyle Group by 98.8% during the fourth quarter. Frontier Capital Management Co. LLC now owns 2,455,963 shares of the financial services provider's stock worth $124,002,000 after purchasing an additional 1,220,827 shares in the last quarter. Finally, Norges Bank acquired a new position in The Carlyle Group in the 4th quarter valued at $44,532,000. Institutional investors and hedge funds own 55.88% of the company's stock.

The Carlyle Group Company Profile

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.