The Carlyle Group (NASDAQ:CG) Trading Down 6.6% – What’s Next?

Shares of The Carlyle Group Inc. (NASDAQ:CG) were down 6.6% during mid-day trading on Thursday . The company traded as low as $50.40 and last traded at $50.63. Approximately 1,428,229 shares were traded during trading, a decline of 38% from the average daily volume of 2,310,704 shares. The stock had previously closed at $54.23.

Analysts Set New Price Targets

CG has been the topic of a number of recent research reports. UBS Group lifted their price target on shares of The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Barclays boosted their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Wells Fargo & Company lifted their price target on The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods cut their price target on The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating for the company in a report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, The Carlyle Group presently has a consensus rating of “Hold” and a consensus target price of $51.33.

The Carlyle Group Trading Down 3.5 %

The business has a 50 day moving average of $45.13 and a two-hundred day moving average of $43.35. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.75.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.05). The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $808.73 million. The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The firm’s quarterly revenue was up 131.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 EPS. As a group, equities analysts expect that The Carlyle Group Inc. will post 3.71 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Carlyle Group Inc. sold 924,466 shares of The Carlyle Group stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the sale, the insider now directly owns 3,643,231 shares of the company’s stock, valued at approximately $7,796,514.34. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 1,676,014 shares of company stock worth $3,687,196 in the last 90 days. Company insiders own 27.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Capital International Investors purchased a new position in shares of The Carlyle Group during the 1st quarter valued at $142,511,000. Boston Partners purchased a new position in shares of The Carlyle Group during the 1st quarter valued at $109,122,000. Massachusetts Financial Services Co. MA lifted its position in shares of The Carlyle Group by 17,468.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,715,748 shares of the financial services provider’s stock valued at $68,887,000 after buying an additional 1,705,982 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of The Carlyle Group during the 2nd quarter valued at $37,009,000. Finally, William Blair Investment Management LLC lifted its position in shares of The Carlyle Group by 6.5% during the 1st quarter. William Blair Investment Management LLC now owns 11,819,403 shares of the financial services provider’s stock valued at $554,448,000 after buying an additional 721,608 shares during the last quarter. Hedge funds and other institutional investors 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.