The Carlyle Group (NASDAQ:CG) Shares Gap Down to $44.80

The Carlyle Group Inc. (NASDAQ:CGGet Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $44.80, but opened at $41.11. The Carlyle Group shares last traded at $41.25, with a volume of 1,169,981 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CG shares. UBS Group raised their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. JPMorgan Chase & Co. lifted their price target on shares of The Carlyle Group from $39.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. The Goldman Sachs Group cut their price target on shares of The Carlyle Group from $54.00 to $48.00 and set a “buy” rating for the company in a report on Thursday. Morgan Stanley raised their price objective on shares of The Carlyle Group from $34.00 to $40.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Finally, Barclays lowered their price objective on shares of The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating for the company in a research report on Thursday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $44.25.

Read Our Latest Stock Report on CG

The Carlyle Group Stock Performance

The stock’s 50-day moving average price is $45.91 and its 200 day moving average price is $39.93. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.27 and a quick ratio of 2.27. The firm has a market cap of $14.69 billion, a P/E ratio of -24.01, a price-to-earnings-growth ratio of 0.95 and a beta of 1.77.

The Carlyle Group (NASDAQ:CGGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.09. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $986.10 million. The Carlyle Group had a negative net margin of 20.53% and a positive return on equity of 19.74%. The firm’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 earnings per share. As a group, equities analysts predict that The Carlyle Group Inc. will post 3.97 EPS for the current year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, May 13th. This represents a $1.40 dividend on an annualized basis and a yield of 3.45%. The Carlyle Group’s payout ratio is -82.84%.

Insider Buying and Selling

In related news, major shareholder Carlyle Group Inc. acquired 190,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were purchased at an average cost of $12.95 per share, for a total transaction of $2,460,500.00. Following the completion of the acquisition, the insider now directly owns 1,066,189 shares in the company, valued at $13,807,147.55. The purchase was disclosed in a filing with the SEC, which is available at this link. 27.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On The Carlyle Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in The Carlyle Group by 7.6% during the fourth quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock worth $1,012,212,000 after purchasing an additional 1,756,189 shares during the period. William Blair Investment Management LLC lifted its position in The Carlyle Group by 65.9% during the third quarter. William Blair Investment Management LLC now owns 8,877,428 shares of the financial services provider’s stock worth $267,743,000 after purchasing an additional 3,524,794 shares during the period. Ariel Investments LLC lifted its position in The Carlyle Group by 16.9% during the third quarter. Ariel Investments LLC now owns 6,364,528 shares of the financial services provider’s stock worth $191,954,000 after purchasing an additional 918,114 shares during the period. Norges Bank bought a new stake in The Carlyle Group during the fourth quarter worth about $130,771,000. Finally, Goldman Sachs Group Inc. lifted its position in The Carlyle Group by 194.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,593,761 shares of the financial services provider’s stock worth $105,540,000 after purchasing an additional 1,712,133 shares during the period. 55.88% of the stock is currently owned by institutional investors and hedge funds.

The Carlyle Group Company Profile

(Get Free Report)

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.

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