Blair William & Co. IL Sells 18,552 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Blair William & Co. IL decreased its position in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 41.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,880 shares of the financial services provider's stock after selling 18,552 shares during the period. Blair William & Co. IL's holdings in The Carlyle Group were worth $1,307,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arizona State Retirement System lifted its stake in The Carlyle Group by 0.3% in the fourth 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 during the period. Deroy & Devereaux Private Investment Counsel Inc. raised its position in shares of The Carlyle Group by 0.3% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 80,820 shares of the financial services provider's stock valued at $4,081,000 after acquiring an additional 225 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in The Carlyle Group by 0.6% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 46,607 shares of the financial services provider's stock valued at $2,353,000 after purchasing an additional 258 shares during the period. DMC Group LLC increased its stake in The Carlyle Group by 4.3% in the fourth quarter. DMC Group LLC now owns 6,932 shares of the financial services provider's stock valued at $350,000 after purchasing an additional 283 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in The Carlyle Group by 31.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,229 shares of the financial services provider's stock worth $62,000 after purchasing an additional 296 shares during the period. 55.88% of the stock is owned by institutional investors.

Remove Ads

The Carlyle Group Stock Up 2.9 %

NASDAQ CG traded up $1.03 during trading hours on Monday, hitting $36.92. 7,113,923 shares of the company traded hands, compared to its average volume of 2,432,591. The stock has a market capitalization of $13.34 billion, a price-to-earnings ratio of 13.28, a P/E/G ratio of 0.98 and a beta of 1.72. The Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $57.50. The business's 50-day moving average is $47.43 and its 200-day moving average is $49.56. 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 released 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 net margin of 18.81% and a return on equity of 24.02%. Sell-side analysts anticipate that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.40 annualized dividend and a yield of 3.79%. The Carlyle Group's dividend payout ratio (DPR) is currently 50.36%.

Analyst Ratings Changes

CG has been the subject of a number of recent analyst reports. StockNews.com cut shares of The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Evercore ISI raised their price target on The Carlyle Group from $51.00 to $52.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 12th. Barclays decreased their price objective on The Carlyle Group from $55.00 to $43.00 and set an "overweight" rating for the company in a research report on Monday. Oppenheimer lowered shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Finally, Wells Fargo & Company lowered 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 report on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, The Carlyle Group presently has a consensus rating of "Hold" and a consensus price target of $53.25.

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.