Bank of New York Mellon Corp Has $118.66 Million Stake in The Carlyle Group Inc. (NASDAQ:CG)

Bank of New York Mellon Corp lessened its stake in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 9.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,350,238 shares of the financial services provider's stock after selling 239,487 shares during the quarter. Bank of New York Mellon Corp owned about 0.66% of The Carlyle Group worth $118,664,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Creative Planning increased its stake in The Carlyle Group by 7.4% in the 3rd quarter. Creative Planning now owns 12,787 shares of the financial services provider's stock worth $551,000 after purchasing an additional 882 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of The Carlyle Group by 40.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,931 shares of the financial services provider's stock valued at $869,000 after acquiring an additional 5,694 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in The Carlyle Group by 10.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 42,023 shares of the financial services provider's stock worth $1,809,000 after purchasing an additional 3,850 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of The Carlyle Group by 4.0% in the third quarter. State of Alaska Department of Revenue now owns 24,425 shares of the financial services provider's stock valued at $1,051,000 after purchasing an additional 940 shares in the last quarter. Finally, abrdn plc grew its holdings in shares of The Carlyle Group by 58.5% during the third quarter. abrdn plc now owns 71,044 shares of the financial services provider's stock valued at $3,059,000 after buying an additional 26,228 shares in the last quarter. 55.88% of the stock is owned by institutional investors.

Remove Ads

The Carlyle Group Stock Performance

Shares of NASDAQ:CG traded up $1.10 during midday trading on Wednesday, hitting $46.16. The company's stock had a trading volume of 2,607,823 shares, compared to its average volume of 2,257,340. The stock has a market capitalization of $16.51 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 0.98 and a beta of 1.70. The stock's 50 day simple moving average is $52.27 and its 200 day simple moving average is $49.05. 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 Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $57.50.

The Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly earnings data 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 return on equity of 24.02% and a net margin of 18.81%. As a group, research analysts anticipate that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.40 annualized dividend and a dividend yield of 3.03%. The Carlyle Group's dividend payout ratio (DPR) is currently 50.36%.

Analysts Set New Price Targets

CG has been the topic of several research analyst reports. Keefe, Bruyette & Woods lifted their target price on The Carlyle Group from $51.00 to $55.00 and gave the company a "market perform" rating in a research note on Friday, November 8th. Evercore ISI upped their price objective on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an "in-line" rating in a research note on Wednesday, February 12th. TD Cowen lifted their target price on shares of The Carlyle Group from $43.00 to $49.00 and gave the company a "hold" rating in a research note on Friday, November 8th. Wolfe Research raised shares of The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 price target on the stock in a research note on Friday, January 3rd. Finally, Barclays lowered their target price on The Carlyle Group from $60.00 to $55.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $54.93.

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.