The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co lessened its holdings in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 4.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 270,559 shares of the financial services provider's stock after selling 14,053 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.08% of The Carlyle Group worth $13,655,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in CG. Tidal Investments LLC bought a new position in The Carlyle Group during the 3rd quarter worth about $212,000. Franklin Resources Inc. grew its holdings in The Carlyle Group by 145.6% in the third quarter. Franklin Resources Inc. now owns 28,210 shares of the financial services provider's stock worth $1,215,000 after purchasing an additional 16,723 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of The Carlyle Group by 4.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 12,864 shares of the financial services provider's stock valued at $559,000 after purchasing an additional 495 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of The Carlyle Group by 68.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider's stock valued at $82,651,000 after purchasing an additional 777,304 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in The Carlyle Group by 10.3% during the 4th quarter. GAMMA Investing LLC now owns 5,463 shares of the financial services provider's stock valued at $276,000 after purchasing an additional 509 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors.

The Carlyle Group Stock Performance

Shares of NASDAQ CG traded up $2.20 during trading hours on Thursday, reaching $38.79. The stock had a trading volume of 1,751,701 shares, compared to its average volume of 2,595,644. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.42. The Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $57.50. The firm has a 50-day moving average of $42.77 and a 200-day moving average of $48.74. The firm has a market cap of $14.01 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 0.98 and a beta of 1.72.

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

The Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group's dividend payout ratio (DPR) is 50.36%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CG. Morgan Stanley cut their target price on shares of The Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. StockNews.com cut The Carlyle Group from a "hold" rating to a "sell" rating in a report on Thursday, February 20th. Evercore ISI increased their target price on The Carlyle Group from $51.00 to $52.00 and gave the company an "in-line" rating in a report on Wednesday, February 12th. TD Cowen decreased their price target on shares of The Carlyle Group from $54.00 to $37.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Finally, Wolfe Research upgraded The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 price objective on the stock in a research report on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, The Carlyle Group currently has a consensus rating of "Hold" and an average price target of $50.71.

The Carlyle Group Company 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.