The Carlyle Group (NASDAQ:CG) Stock Price Down 4.9% – Here’s What Happened

Shares of The Carlyle Group Inc. (NASDAQ:CG) fell 4.9% during trading on Tuesday . The stock traded as low as $48.60 and last traded at $48.98. 540,983 shares were traded during trading, a decline of 72% from the average session volume of 1,925,890 shares. The stock had previously closed at $51.48.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CG. Evercore ISI raised their price target on shares of The Carlyle Group from $45.00 to $47.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. Barclays lifted their target price on shares of The Carlyle Group from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Keefe, Bruyette & Woods lifted their target price on shares of 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. Wolfe Research upgraded shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 target price for the company in a research note on Friday, January 3rd. Finally, TD Cowen lifted their target price on shares of The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $55.07.

The Carlyle Group Price Performance

The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32. The stock’s 50 day simple moving average is $52.85 and its two-hundred day simple moving average is $48.23. The stock has a market cap of $17.49 billion, a price-to-earnings ratio of 168.55, a P/E/G ratio of 0.92 and a beta of 1.70.

Institutional Investors Weigh In On The Carlyle Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. William Blair Investment Management LLC lifted its position in The Carlyle Group by 15.5% during the 4th quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider’s stock worth $668,990,000 after buying an additional 1,773,465 shares in the last quarter. FMR LLC lifted its position in The Carlyle Group by 72.8% during the 3rd quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock worth $174,469,000 after buying an additional 1,707,520 shares in the last quarter. Raymond James Financial Inc. acquired a new position in The Carlyle Group during the 4th quarter worth about $83,784,000. JPMorgan Chase & Co. lifted its position in 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 worth $82,651,000 after buying an additional 777,304 shares in the last quarter. Finally, Amundi lifted its position in The Carlyle Group by 33.6% during the 4th quarter. Amundi now owns 2,364,231 shares of the financial services provider’s stock worth $123,673,000 after buying an additional 594,661 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

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.