The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by LGT Capital Partners LTD.

LGT Capital Partners LTD. lowered its position in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 19.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 741,000 shares of the financial services provider's stock after selling 175,000 shares during the quarter. The Carlyle Group comprises about 1.4% of LGT Capital Partners LTD.'s portfolio, making the stock its 24th largest position. LGT Capital Partners LTD. owned 0.21% of The Carlyle Group worth $37,413,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in The Carlyle Group by 68.1% in the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider's stock worth $82,651,000 after purchasing an additional 777,304 shares during the period. Sargent Investment Group LLC lifted its holdings in The Carlyle Group by 6.5% during the 4th quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider's stock valued at $15,283,000 after buying an additional 18,537 shares in the last quarter. Franklin Street Advisors Inc. NC purchased a new stake in The Carlyle Group in the 4th quarter valued at about $17,671,000. Empowered Funds LLC grew its stake in The Carlyle Group by 443.1% in the 3rd quarter. Empowered Funds LLC now owns 157,674 shares of the financial services provider's stock worth $6,789,000 after acquiring an additional 128,644 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of The Carlyle Group by 26.9% during the fourth quarter. Blue Trust Inc. now owns 2,423 shares of the financial services provider's stock valued at $122,000 after acquiring an additional 514 shares in the last quarter. Institutional investors own 55.88% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms have commented on CG. Wells Fargo & Company reduced their price objective on The Carlyle Group from $56.00 to $54.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. StockNews.com downgraded The Carlyle Group from a "hold" rating to a "sell" rating in a report on Thursday, February 20th. Wolfe Research upgraded shares of The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 target price on the stock in a report on Friday, January 3rd. Evercore ISI boosted their price target on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an "in-line" rating in a report on Wednesday, February 12th. Finally, Barclays cut their price objective on shares of The Carlyle Group from $60.00 to $55.00 and set an "overweight" rating on the stock in a report on Wednesday, February 12th. One investment 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. Based on data from MarketBeat, The Carlyle Group presently has a consensus rating of "Hold" and a consensus target price of $54.93.

The Carlyle Group Stock Up 2.1 %

Shares of CG traded up $0.85 during mid-day trading on Wednesday, hitting $41.92. 809,283 shares of the company traded hands, compared to its average volume of 2,271,662. The business has a 50 day moving average of $51.45 and a 200 day moving average of $49.13. The company has a market capitalization of $15.14 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 0.98 and a beta of 1.73. 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 1-year low of $36.65 and a 1-year high of $57.50.

The Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share (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 anticipate that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group's payout ratio is 50.36%.

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.