AMG National Trust Bank trimmed its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 64.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,911 shares of the financial services provider's stock after selling 38,337 shares during the period. AMG National Trust Bank's holdings in The Carlyle Group were worth $1,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also modified their holdings of CG. Raymond James Financial Inc. purchased a new stake in shares of The Carlyle Group during the 4th quarter worth $83,784,000. Arizona State Retirement System boosted its holdings in shares of The Carlyle Group by 0.3% in the 4th quarter. Arizona State Retirement System now owns 67,239 shares of the financial services provider's stock valued at $3,395,000 after buying an additional 220 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of The Carlyle Group in the 4th quarter worth approximately $3,172,000. M&T Bank Corp lifted its position in The Carlyle Group by 17.9% during the fourth quarter. M&T Bank Corp now owns 6,103 shares of the financial services provider's stock valued at $308,000 after acquiring an additional 928 shares during the last quarter. Finally, Atria Investments Inc boosted its stake in The Carlyle Group by 5.3% in the fourth quarter. Atria Investments Inc now owns 20,923 shares of the financial services provider's stock valued at $1,056,000 after acquiring an additional 1,062 shares in the last quarter. Institutional investors own 55.88% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on CG shares. Wells Fargo & Company decreased their price target on The Carlyle Group from $56.00 to $54.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. Barclays dropped their target price on shares of The Carlyle Group from $60.00 to $55.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 12th. Evercore ISI lifted their price objective on shares of 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. StockNews.com downgraded The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Finally, Wolfe Research raised The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 price target for the company in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $54.93.
View Our Latest Stock Analysis on CG
The Carlyle Group Price Performance
Shares of NASDAQ CG traded up $0.96 during mid-day trading on Wednesday, reaching $42.03. The company's stock had a trading volume of 3,937,022 shares, compared to its average volume of 2,283,558. The stock has a market capitalization of $15.18 billion, a P/E ratio of 15.12, a P/E/G ratio of 0.98 and a beta of 1.73. The Carlyle Group Inc. has a 1-year low of $36.65 and a 1-year high of $57.50. The stock has a 50-day moving average of $51.45 and a two-hundred day moving average of $49.13. 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 Carlyle Group (NASDAQ:CG - Get Free Report) last issued its earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. On average, equities research analysts anticipate that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.
The Carlyle Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group's payout ratio is currently 50.36%.
About The Carlyle Group
(
Free Report)
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.
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