Carlyle Group (NASDAQ:CG) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Carlyle Group (NASDAQ:CG) from a hold rating to a sell rating in a research report report published on Sunday.

A number of other research analysts have also commented on CG. BMO Capital Markets assumed coverage on shares of Carlyle Group in a research report on Friday, October 3rd. They set an “outperform” rating and a $74.00 price objective for the company. Evercore ISI lowered their price target on Carlyle Group from $64.00 to $57.00 and set an “in-line” rating on the stock in a research note on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlyle Group in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lowered their price objective on Carlyle Group from $68.00 to $66.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Finally, Barclays raised their price objective on shares of Carlyle Group from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, December 12th. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $67.15.

Carlyle Group Stock Down 0.5%

Shares of CG stock opened at $65.49 on Friday. Carlyle Group has a 12 month low of $33.02 and a 12 month high of $69.85. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 1.78. The firm has a market cap of $23.60 billion, a PE ratio of 36.59, a price-to-earnings-growth ratio of 1.21 and a beta of 2.04. The stock has a 50 day moving average of $57.41 and a 200-day moving average of $59.82.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Friday, November 7th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.98. Carlyle Group had a net margin of 16.91% and a return on equity of 23.46%. The business had revenue of $782.50 million for the quarter, compared to the consensus estimate of $848.51 million. During the same quarter last year, the company posted $0.95 earnings per share. On average, equities analysts predict that Carlyle Group will post 4.48 EPS for the current year.

Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 10th were given a $0.35 dividend. The ex-dividend date was Monday, November 10th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.1%. Carlyle Group’s dividend payout ratio (DPR) is presently 78.21%.

Insiders Place Their Bets

In other Carlyle Group news, Director David M. Rubenstein sold 625,000 shares of the stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $56.55, for a total transaction of $35,343,750.00. Following the sale, the director directly owned 27,999,644 shares in the company, valued at $1,583,379,868.20. This represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 26.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Allworth Financial LP grew its holdings in shares of Carlyle Group by 150.3% during the 2nd quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 299 shares during the last quarter. WFA of San Diego LLC bought a new stake in shares of Carlyle Group during the second quarter worth $26,000. Geneos Wealth Management Inc. lifted its stake in shares of Carlyle Group by 755.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 574 shares during the last quarter. Quarry LP acquired a new stake in shares of Carlyle Group during the 3rd quarter valued at $33,000. Finally, Ameritas Advisory Services LLC acquired a new position in Carlyle Group in the 2nd quarter worth about $38,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Carlyle Group Company Profile

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.