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

The Carlyle Group Inc. (NASDAQ:CG) traded down 4.9% during mid-day trading on Tuesday . The stock traded as low as $48.60 and last traded at $48.98. 540,983 shares changed hands 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.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Oppenheimer upped their price objective on shares of The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. StockNews.com lowered shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Sunday, December 8th. Evercore ISI upped 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 research report on Monday, October 14th. TD Cowen upped their price target on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Finally, Barclays upped their price target on shares of The Carlyle Group from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, The Carlyle Group currently has an average rating of “Hold” and an average price target of $55.07.

The Carlyle Group Stock 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 stock’s fifty day moving average is $52.85 and its two-hundred day moving average is $48.23. The firm has a market cap of $17.49 billion, a price-to-earnings ratio of 168.55, a PEG ratio of 0.92 and a beta of 1.70.

Hedge Funds Weigh In On The Carlyle Group

Several hedge funds have recently made changes to their positions in the business. William Blair Investment Management LLC grew its stake in shares of The Carlyle Group by 15.5% in 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 purchasing an additional 1,773,465 shares during the last quarter. Boston Partners boosted its holdings in shares of The Carlyle Group by 7.1% in the fourth quarter. Boston Partners now owns 7,102,085 shares of the financial services provider’s stock worth $358,687,000 after buying an additional 467,767 shares during the period. FMR LLC boosted its holdings in shares of The Carlyle Group by 72.8% in the third 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 during the period. Amundi boosted its holdings in shares of The Carlyle Group by 33.6% in the fourth 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 during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of The Carlyle Group by 22.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,107,301 shares of the financial services provider’s stock worth $90,740,000 after buying an additional 391,553 shares during the period. 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.