The Carlyle Group Inc. (NASDAQ:CG) Stock Holdings Lowered by California Public Employees Retirement System

California Public Employees Retirement System reduced its stake in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 345,773 shares of the financial services provider's stock after selling 20,647 shares during the period. California Public Employees Retirement System owned 0.10% of The Carlyle Group worth $17,458,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CG. Golden State Wealth Management LLC acquired a new position in shares of The Carlyle Group in the fourth quarter valued at approximately $25,000. National Pension Service acquired a new position in The Carlyle Group in the 4th quarter valued at $25,000. Valley National Advisers Inc. lifted its stake in shares of The Carlyle Group by 149.3% during the 4th quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider's stock worth $27,000 after purchasing an additional 327 shares during the period. Nisa Investment Advisors LLC grew its position in shares of The Carlyle Group by 253.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 405 shares during the period. Finally, Wilmington Savings Fund Society FSB increased its stake in The Carlyle Group by 8,090.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 890 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company's stock.

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Analysts Set New Price Targets

Several research firms have commented on CG. Citigroup lowered their price target on The Carlyle Group from $55.00 to $39.00 and set a "neutral" rating for the company in a report on Tuesday. Bank of America dropped their price target on shares of The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating for the company in a research report on Friday, April 4th. TD Cowen lowered their price objective on shares of The Carlyle Group from $54.00 to $37.00 and set a "hold" rating for the company in a research note on Wednesday. StockNews.com lowered The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Finally, Wolfe Research raised shares of The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 target price for the company in a research report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $51.06.

The Carlyle Group Stock Up 11.7 %

The Carlyle Group stock traded up $4.14 during midday trading on Wednesday, hitting $39.56. 10,601,315 shares of the stock were exchanged, compared to its average volume of 2,495,906. The Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $57.50. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32. The firm has a market cap of $14.29 billion, a P/E ratio of 14.23, a P/E/G ratio of 0.98 and a beta of 1.72. The company has a 50 day moving average price of $45.92 and a two-hundred day moving average price of $49.31.

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

The Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group's dividend payout ratio is presently 50.36%.

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.