The Carlyle Group Inc. (NASDAQ:CG) Stock Position Reduced by QRG Capital Management Inc.

QRG Capital Management Inc. trimmed its position in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 61.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,445 shares of the financial services provider's stock after selling 39,012 shares during the period. QRG Capital Management Inc.'s holdings in The Carlyle Group were worth $1,053,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CG. Private Advisor Group LLC grew its holdings in The Carlyle Group by 43.8% in the first quarter. Private Advisor Group LLC now owns 8,507 shares of the financial services provider's stock valued at $399,000 after purchasing an additional 2,593 shares during the period. Janney Montgomery Scott LLC raised its position in shares of The Carlyle Group by 1.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 81,712 shares of the financial services provider's stock worth $3,833,000 after buying an additional 1,193 shares during the period. Daiwa Securities Group Inc. boosted its holdings in The Carlyle Group by 5.9% in the first quarter. Daiwa Securities Group Inc. now owns 14,473 shares of the financial services provider's stock valued at $679,000 after acquiring an additional 800 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in The Carlyle Group during the first quarter worth about $212,000. Finally, Empowered Funds LLC lifted its stake in shares of The Carlyle Group by 12.6% in the 1st quarter. Empowered Funds LLC now owns 26,977 shares of the financial services provider's stock valued at $1,265,000 after purchasing an additional 3,015 shares in the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 924,466 shares of the business's stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the sale, the insider now directly owns 3,643,231 shares of the company's stock, valued at $7,796,514.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 1,676,014 shares of company stock valued at $3,687,196 over the last 90 days. 27.20% of the stock is currently owned by corporate insiders.

The Carlyle Group Trading Down 0.0 %

Shares of The Carlyle Group stock traded down $0.02 during trading on Friday, hitting $52.33. 3,324,443 shares of the stock were exchanged, compared to its average volume of 2,513,819. The stock's fifty day moving average is $45.62 and its 200 day moving average is $43.46. The Carlyle Group Inc. has a 12 month low of $29.29 and a 12 month high of $54.52. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.75.

The Carlyle Group (NASDAQ:CG - Get Free Report) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.08. The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The firm had revenue of $895.00 million for the quarter, compared to the consensus estimate of $908.17 million. During the same quarter in the previous year, the business earned $0.87 EPS. The firm's revenue for the quarter was up 15.2% on a year-over-year basis. On average, research analysts forecast that The Carlyle Group Inc. will post 3.71 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Monday, November 18th will be given a $0.35 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a yield of 2.68%. The Carlyle Group's dividend payout ratio (DPR) is -125.00%.

Analysts Set New Price Targets

A number of brokerages have weighed in on CG. Keefe, Bruyette & Woods lifted their price target on shares of The Carlyle Group from $51.00 to $55.00 and gave the company a "market perform" rating in a research report on Friday. Barclays raised their price objective on The Carlyle Group from $50.00 to $57.00 and gave the company an "overweight" rating in a research report on Friday. TD Cowen upped their target price on The Carlyle Group from $43.00 to $49.00 and gave the stock a "hold" rating in a research report on Friday. Oppenheimer boosted their price target on The Carlyle Group from $64.00 to $78.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Finally, Morgan Stanley lifted their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an "equal weight" rating in a research note on Thursday, October 10th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $52.87.

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.