Carson Advisory Inc. Sells 496 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Carson Advisory Inc. lessened its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,013 shares of the financial services provider’s stock after selling 496 shares during the period. Carson Advisory Inc.’s holdings in The Carlyle Group were worth $692,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CG. William Blair Investment Management LLC lifted its stake in The Carlyle Group by 65.9% in the third quarter. William Blair Investment Management LLC now owns 8,877,428 shares of the financial services provider’s stock valued at $267,743,000 after purchasing an additional 3,524,794 shares during the last quarter. SeaTown Holdings Pte. Ltd. purchased a new stake in shares of The Carlyle Group during the third quarter worth $29,949,000. Ariel Investments LLC lifted its position in shares of 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 acquiring an additional 918,114 shares in the last quarter. Wafra Inc. lifted its position in shares of The Carlyle Group by 295.8% during the third quarter. Wafra Inc. now owns 942,083 shares of the financial services provider’s stock worth $28,413,000 after acquiring an additional 704,036 shares in the last quarter. Finally, Mizuho Markets Americas LLC purchased a new stake in shares of The Carlyle Group during the third quarter worth $16,678,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Analyst Upgrades and Downgrades

CG has been the topic of several research analyst reports. UBS Group upped their price target 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. upped their price target on shares of The Carlyle Group from $39.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Morgan Stanley upped their price target on shares of The Carlyle Group from $34.00 to $40.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. TD Cowen reduced their target price on The Carlyle Group from $49.00 to $45.00 and set a “hold” rating on the stock in a research note on Thursday. Finally, Barclays reduced their target price on The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $44.25.

The Carlyle Group Stock Down 1.0 %

Shares of NASDAQ CG traded down $0.39 on Thursday, reaching $40.58. 3,099,294 shares of the company’s stock traded hands, compared to its average volume of 2,296,182. The Carlyle Group Inc. has a 12 month low of $25.20 and a 12 month high of $48.52. The business’s 50 day simple moving average is $45.91 and its two-hundred day simple moving average is $39.93. The company has a market cap of $14.69 billion, a price-to-earnings ratio of -24.04, a price-to-earnings-growth ratio of 0.95 and a beta of 1.77. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 1.52.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.09. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 35.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.63 earnings per share. As a group, equities research analysts forecast that The Carlyle Group Inc. will post 3.97 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 23rd were issued a $0.35 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.45%. The Carlyle Group’s dividend payout ratio (DPR) is presently -82.84%.

Insider Activity at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. purchased 190,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were bought at an average cost of $12.95 per share, for a total transaction of $2,460,500.00. Following the acquisition, the insider now owns 1,066,189 shares of the company’s stock, valued at approximately $13,807,147.55. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 27.20% of the stock is currently owned by insiders.

The Carlyle Group Profile

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.