Empowered Funds LLC Sells 111,016 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Empowered Funds LLC cut its position in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 70.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,658 shares of the financial services provider's stock after selling 111,016 shares during the quarter. Empowered Funds LLC's holdings in The Carlyle Group were worth $2,356,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Westbourne Investment Advisors Inc. boosted its holdings in The Carlyle Group by 3.6% in the 3rd quarter. Westbourne Investment Advisors Inc. now owns 5,700 shares of the financial services provider's stock valued at $245,000 after purchasing an additional 200 shares during the period. Bleakley Financial Group LLC boosted its holdings in The Carlyle Group by 0.5% in the 3rd quarter. Bleakley Financial Group LLC now owns 41,742 shares of the financial services provider's stock valued at $1,797,000 after purchasing an additional 208 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in shares of The Carlyle Group by 0.3% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 80,820 shares of the financial services provider's stock worth $4,081,000 after acquiring an additional 225 shares during the period. DMC Group LLC lifted its holdings in shares of The Carlyle Group by 4.3% during the 4th quarter. DMC Group LLC now owns 6,932 shares of the financial services provider's stock worth $350,000 after acquiring an additional 283 shares during the period. Finally, Western Pacific Wealth Management LP lifted its holdings in shares of The Carlyle Group by 10.6% during the 3rd quarter. Western Pacific Wealth Management LP now owns 3,284 shares of the financial services provider's stock worth $141,000 after acquiring an additional 314 shares during the period. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CG shares. JPMorgan Chase & Co. raised their price objective on shares of The Carlyle Group from $44.00 to $50.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Wells Fargo & Company reduced their price objective on shares of 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. Barclays reduced their price objective on shares of The Carlyle Group from $60.00 to $55.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. UBS Group lifted their price target on shares of The Carlyle Group from $43.00 to $54.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Finally, Oppenheimer lifted their price target on shares of The Carlyle Group from $78.00 to $85.00 and gave the company an "outperform" rating in a report on Monday, November 11th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, The Carlyle Group presently has an average rating of "Hold" and an average price target of $54.93.

The Carlyle Group Trading Up 1.8 %

Shares of NASDAQ:CG traded up $0.95 during trading on Tuesday, hitting $52.72. 945,251 shares of the company's stock were exchanged, compared to its average volume of 2,247,641. The Carlyle Group Inc. has a 1-year low of $36.65 and a 1-year high of $57.50. The firm has a 50-day moving average price of $52.66 and a two-hundred day moving average price of $48.33. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38. The firm has a market cap of $18.86 billion, a P/E ratio of 181.76, a PEG ratio of 0.92 and a beta of 1.70.

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 the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. Equities analysts predict that The Carlyle Group Inc. will post 3.73 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Friday, February 21st. The Carlyle Group's dividend payout ratio is currently 482.76%.

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.