The Carlyle Group Inc. (NASDAQ:CG) Stake Reduced by Algebris UK Ltd

Algebris UK Ltd lessened its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 58.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 253,356 shares of the financial services provider's stock after selling 351,696 shares during the quarter. The Carlyle Group accounts for about 3.1% of Algebris UK Ltd's investment portfolio, making the stock its 13th largest holding. Algebris UK Ltd owned approximately 0.07% of The Carlyle Group worth $12,355,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CG. Atria Investments Inc grew its position in The Carlyle Group by 283.9% in the third quarter. Atria Investments Inc now owns 19,861 shares of the financial services provider's stock valued at $855,000 after acquiring an additional 14,687 shares in the last quarter. KBC Group NV grew its position in The Carlyle Group by 1.9% in the third quarter. KBC Group NV now owns 54,539 shares of the financial services provider's stock valued at $2,349,000 after acquiring an additional 1,024 shares in the last quarter. CIBC Asset Management Inc grew its position in The Carlyle Group by 4.9% in the third quarter. CIBC Asset Management Inc now owns 12,183 shares of the financial services provider's stock valued at $525,000 after acquiring an additional 569 shares in the last quarter. Quest Partners LLC grew its position in The Carlyle Group by 41.3% in the third quarter. Quest Partners LLC now owns 19,142 shares of the financial services provider's stock valued at $824,000 after acquiring an additional 5,591 shares in the last quarter. Finally, Whalen Wealth Management Inc. acquired a new stake in The Carlyle Group in the third quarter valued at approximately $719,000. Institutional investors and hedge funds own 55.88% of the company's stock.

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Analysts Set New Price Targets

Several brokerages have issued reports on CG. Wolfe Research raised shares of The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 price objective for the company in a research report on Friday, January 3rd. StockNews.com downgraded shares of The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Wells Fargo & Company decreased their price target on shares of The Carlyle Group from $54.00 to $48.00 and set an "equal weight" rating for the company in a research report on Thursday. Barclays decreased their price target on shares of The Carlyle Group from $60.00 to $55.00 and set an "overweight" rating for the company in a research report on Wednesday, February 12th. Finally, Evercore ISI raised their price objective on The Carlyle Group from $51.00 to $52.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, The Carlyle Group has an average rating of "Hold" and an average target price of $54.53.

The Carlyle Group Stock Performance

Shares of CG traded up $0.32 during midday trading on Friday, hitting $44.13. 3,643,744 shares of the stock traded hands, compared to its average volume of 2,310,682. The Carlyle Group Inc. has a 1-year low of $36.65 and a 1-year high of $57.50. The firm has a market capitalization of $15.94 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 0.98 and a beta of 1.73. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32. The business's 50 day moving average price is $50.05 and its two-hundred day moving average price is $49.31.

The Carlyle Group (NASDAQ:CG - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. Equities research analysts predict that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.17%. The ex-dividend date was Friday, February 21st. The Carlyle Group's payout ratio is currently 50.36%.

The Carlyle Group Company 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.