Handelsbanken Fonder AB Sells 5,500 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Handelsbanken Fonder AB lessened its holdings in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 8.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,300 shares of the financial services provider's stock after selling 5,500 shares during the quarter. Handelsbanken Fonder AB's holdings in The Carlyle Group were worth $2,893,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CG. Golden State Wealth Management LLC acquired a new position in shares of The Carlyle Group during the 4th quarter worth approximately $25,000. Valley National Advisers Inc. increased its holdings in The Carlyle Group by 149.3% during the fourth quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider's stock worth $27,000 after buying an additional 327 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake 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 valued at $29,000 after acquiring an additional 405 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of The Carlyle Group in the 3rd quarter valued at about $33,000. Finally, Wilmington Savings Fund Society FSB raised its holdings in shares of The Carlyle Group by 8,090.9% in the 4th 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 period. Institutional investors and hedge funds own 55.88% of the company's stock.

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The Carlyle Group Price Performance

Shares of NASDAQ:CG traded up $1.30 during trading on Friday, reaching $49.84. 1,926,906 shares of the company traded hands, compared to its average volume of 2,320,828. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42. The Carlyle Group Inc. has a 52 week low of $36.65 and a 52 week high of $57.50. The firm has a market capitalization of $17.83 billion, a PE ratio of 17.93, a PEG ratio of 0.98 and a beta of 1.70. The company's 50 day moving average is $52.44 and its two-hundred day moving average is $48.79.

The Carlyle Group (NASDAQ:CG - Get Free Report) last released its 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 net margin of 18.81% and a return on equity of 24.02%. As a group, sell-side analysts predict that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Friday, February 21st. The Carlyle Group's dividend payout ratio is presently 50.36%.

Analyst Ratings Changes

Several research firms have issued reports on CG. Wells Fargo & Company dropped their price objective on The Carlyle Group from $56.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. Barclays cut their price target on The Carlyle Group from $60.00 to $55.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. Wolfe Research raised shares of 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. Keefe, Bruyette & Woods lifted their target price on shares of The Carlyle Group from $51.00 to $55.00 and gave the stock a "market perform" rating in a report on Friday, November 8th. Finally, TD Cowen increased their price target on shares of The Carlyle Group from $43.00 to $49.00 and gave the company a "hold" rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, The Carlyle Group has an average rating of "Hold" and an average target price of $54.93.

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.