Edgestream Partners L.P. Sells 86,936 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Edgestream Partners L.P. decreased its stake in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 88.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,568 shares of the financial services provider's stock after selling 86,936 shares during the period. Edgestream Partners L.P.'s holdings in The Carlyle Group were worth $584,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Golden State Wealth Management LLC bought a new position in The Carlyle Group in the fourth quarter worth $25,000. National Pension Service bought a new position in The Carlyle Group in the fourth quarter worth $25,000. Valley National Advisers Inc. lifted its position in The Carlyle Group by 149.3% in the fourth 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 lifted its position in 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 worth $29,000 after purchasing an additional 405 shares during the period. Finally, Brooklyn Investment Group bought a new position in The Carlyle Group in the third quarter worth $33,000. Institutional investors and hedge funds own 55.88% of the company's stock.

The Carlyle Group Trading Up 4.6 %

NASDAQ:CG traded up $1.86 on Friday, hitting $42.36. 1,869,416 shares of the stock were exchanged, compared to its average volume of 2,275,344. The stock has a market capitalization of $15.30 billion, a price-to-earnings ratio of 15.24, a P/E/G ratio of 0.98 and a beta of 1.73. The Carlyle Group Inc. has a 52 week low of $36.65 and a 52 week high of $57.50. 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 company's 50-day moving average price is $50.89 and its 200 day moving average price is $49.10.

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The Carlyle Group (NASDAQ:CG - Get Free Report) last announced 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, equities research analysts forecast 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 declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a $0.35 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.31%. The Carlyle Group's dividend payout ratio (DPR) is presently 50.36%.

Analysts Set New Price Targets

CG has been the subject of several research reports. Barclays reduced their target price on The Carlyle Group from $60.00 to $55.00 and set an "overweight" rating for the company in a research report on Wednesday, February 12th. StockNews.com cut The Carlyle Group from a "hold" rating to a "sell" rating in a report on Thursday, February 20th. Evercore ISI lifted their price objective 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. Wells Fargo & Company cut their price objective on The Carlyle Group from $56.00 to $54.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. Finally, Wolfe Research raised The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 price objective for the company in a report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $54.93.

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.