The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. lessened its stake in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 33.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,841,072 shares of the financial services provider's stock after selling 1,446,522 shares during the quarter. Beutel Goodman & Co Ltd. owned 0.79% of The Carlyle Group worth $143,445,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of CG. Vanguard Group Inc. increased its holdings in The Carlyle Group by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 23,161,423 shares of the financial services provider's stock valued at $1,169,420,000 after buying an additional 180,757 shares in the last quarter. William Blair Investment Management LLC increased 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 valued at $668,990,000 after purchasing an additional 1,773,465 shares in the last quarter. Boston Partners increased its position 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 valued at $358,687,000 after buying an additional 467,767 shares in the last quarter. FMR LLC raised its position in The Carlyle Group by 72.8% during the third quarter. FMR LLC now owns 4,051,757 shares of the financial services provider's stock worth $174,469,000 after acquiring an additional 1,707,520 shares during the period. Finally, Amundi grew its position 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 valued at $123,673,000 after purchasing an additional 594,661 shares during the period. Hedge funds and other institutional investors own 55.88% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts have commented on CG shares. Barclays cut their price objective on The Carlyle Group from $60.00 to $55.00 and set an "overweight" rating for the company 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 note on Thursday, February 20th. Oppenheimer lowered shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Evercore ISI raised their price target 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. Finally, Wells Fargo & Company dropped their price objective on shares of The Carlyle Group from $54.00 to $48.00 and set an "equal weight" rating for the company in a research note on Thursday, March 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $54.53.

The Carlyle Group Trading Up 3.9 %

Shares of The Carlyle Group stock traded up $1.73 on Wednesday, reaching $46.00. The company had a trading volume of 1,111,652 shares, compared to its average volume of 2,375,400. 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 firm has a market cap of $16.62 billion, a PE ratio of 16.55, a PEG ratio of 0.98 and a beta of 1.73. The firm's 50 day moving average price is $48.80 and its two-hundred day moving average price is $49.64. The Carlyle Group Inc. has a 52-week low of $36.65 and a 52-week high of $57.50.

The Carlyle Group (NASDAQ:CG - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 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%. Sell-side analysts predict that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently declared 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 3.04%. The Carlyle Group's dividend payout ratio is presently 50.36%.

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.