The Carlyle Group (NASDAQ:CG) Trading Down 4.9% on Disappointing Earnings

The Carlyle Group Inc. (NASDAQ:CG - Get Free Report)'s stock price traded down 4.9% during trading on Tuesday following a dissappointing earnings announcement. The stock traded as low as $48.60 and last traded at $48.98. 540,983 shares were traded during mid-day trading, a decline of 72% from the average session volume of 1,925,890 shares. The stock had previously closed at $51.48.

The financial services provider reported $0.92 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%.

The Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Friday, February 21st. The Carlyle Group's payout ratio is 50.36%.

Wall Street Analyst Weigh In

CG has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their price target on The Carlyle Group from $56.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Oppenheimer lifted their price target on The Carlyle Group from $78.00 to $85.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods lifted their price target on The Carlyle Group from $51.00 to $55.00 and gave the company a "market perform" rating in a research note on Friday, November 8th. TD Cowen lifted their price target on The Carlyle Group from $43.00 to $49.00 and gave the company a "hold" rating in a research note on Friday, November 8th. Finally, Barclays cut their price target on The Carlyle Group from $60.00 to $55.00 and set an "overweight" rating on the stock in a research note on Wednesday. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $54.93.

Institutional Investors Weigh In On The Carlyle Group

A number of institutional investors and hedge funds have recently bought and sold shares of CG. JPMorgan Chase & Co. increased its position in shares of The Carlyle Group by 68.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider's stock valued at $82,651,000 after purchasing an additional 777,304 shares during the last quarter. Sargent Investment Group LLC increased its position in shares of The Carlyle Group by 6.5% during the 4th quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider's stock valued at $15,283,000 after purchasing an additional 18,537 shares during the last quarter. Franklin Street Advisors Inc. NC purchased a new stake in shares of The Carlyle Group during the 4th quarter valued at $17,671,000. Empowered Funds LLC grew its stake in shares of The Carlyle Group by 443.1% during the 3rd quarter. Empowered Funds LLC now owns 157,674 shares of the financial services provider's stock worth $6,789,000 after acquiring an additional 128,644 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of The Carlyle Group by 26.9% during the 4th quarter. Blue Trust Inc. now owns 2,423 shares of the financial services provider's stock worth $122,000 after acquiring an additional 514 shares during the period. 55.88% of the stock is owned by hedge funds and other institutional investors.

The Carlyle Group Price Performance

The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The company has a market cap of $18.52 billion, a P/E ratio of 178.52, a P/E/G ratio of 0.92 and a beta of 1.70. The firm has a 50 day moving average price of $52.71 and a two-hundred day moving average price of $48.28.

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.