Legal & General Group Plc reduced its position in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 15.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,356,917 shares of the financial services provider's stock after selling 596,132 shares during the period. Legal & General Group Plc owned 0.94% of The Carlyle Group worth $169,491,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in shares of The Carlyle Group during the fourth quarter worth about $25,000. National Pension Service purchased a new stake in shares of The Carlyle Group during the fourth quarter worth approximately $25,000. Valley National Advisers Inc. lifted its holdings in shares of 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 purchasing an additional 327 shares during the period. Nisa Investment Advisors LLC increased its stake in The Carlyle Group by 253.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider's stock valued at $29,000 after buying an additional 405 shares during the period. Finally, Wilmington Savings Fund Society FSB lifted its stake 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 worth $45,000 after acquiring an additional 890 shares during the period. Hedge funds and other institutional investors own 55.88% of the company's stock.
Analyst Upgrades and Downgrades
CG has been the subject of a number of recent analyst reports. Wells Fargo & Company reduced their price objective on shares of The Carlyle Group from $48.00 to $39.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. TD Cowen decreased their price target on 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. Wolfe Research upgraded The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 price objective for the company in a research report on Friday, January 3rd. Barclays lowered their price target on shares of The Carlyle Group from $55.00 to $43.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. Finally, Bank of America reduced their price objective on shares of The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating for the company in a research note on Friday, April 4th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, The Carlyle Group presently has an average rating of "Hold" and a consensus price target of $50.71.
View Our Latest Research Report on CG
The Carlyle Group Trading Up 1.7 %
Shares of NASDAQ:CG traded up $0.64 during midday trading on Tuesday, reaching $37.23. The company's stock had a trading volume of 1,093,389 shares, compared to its average volume of 2,524,664. The business has a 50 day moving average price of $44.93 and a 200 day moving average price of $49.22. The Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $57.50. The firm has a market cap of $13.45 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 0.98 and a beta of 1.72. 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 (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 24.02% and a net margin of 18.81%. Research analysts forecast that The Carlyle Group Inc. will post 4.48 EPS for the current year.
The Carlyle Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a dividend of $0.35 per share. The ex-dividend date was Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a yield of 3.76%. The Carlyle Group's dividend payout ratio (DPR) is 50.36%.
The Carlyle Group Profile
(
Free Report)
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.
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