Sit Investment Associates Inc. decreased its position in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 7.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,920 shares of the financial services provider's stock after selling 15,845 shares during the quarter. Sit Investment Associates Inc. owned 0.05% of The Carlyle Group worth $9,791,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Korea Investment CORP increased its stake in shares of The Carlyle Group by 28.6% during the 4th quarter. Korea Investment CORP now owns 165,660 shares of the financial services provider's stock worth $8,364,000 after purchasing an additional 36,873 shares in the last quarter. JPMorgan Chase & Co. increased its position in The Carlyle Group by 68.1% during the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider's stock worth $82,651,000 after buying an additional 777,304 shares in the last quarter. Sargent Investment Group LLC lifted its position in shares of The Carlyle Group by 6.5% in the fourth quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider's stock valued at $15,283,000 after acquiring an additional 18,537 shares in the last quarter. Franklin Street Advisors Inc. NC acquired a new stake in shares of The Carlyle Group during the fourth quarter valued at $17,671,000. Finally, Charles Schwab Investment Management Inc. raised its stake in The Carlyle Group by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,406,201 shares of the financial services provider's stock valued at $70,999,000 after purchasing an additional 14,024 shares during the last quarter. Institutional investors and hedge funds own 55.88% of the company's stock.
The Carlyle Group Stock Down 2.6 %
NASDAQ CG traded down $0.94 during trading hours on Friday, hitting $35.70. The company had a trading volume of 1,513,424 shares, compared to its average volume of 2,501,126. The firm's 50 day moving average is $45.56 and its 200 day moving average is $49.26. The company has a market capitalization of $12.89 billion, a price-to-earnings ratio of 12.79, a P/E/G ratio of 0.98 and a beta of 1.72. The Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $57.50. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32.
The Carlyle Group (NASDAQ:CG - Get Free Report) last announced 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%. Sell-side analysts anticipate that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.
The Carlyle Group Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group's payout ratio is 50.36%.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the stock. Evercore ISI lifted their price target on shares of The Carlyle Group from $51.00 to $52.00 and gave the stock an "in-line" rating in a report on Wednesday, February 12th. TD Cowen lowered their target price on shares of The Carlyle Group from $54.00 to $37.00 and set a "hold" rating for the company in a research note on Wednesday. Bank of America reduced their price target on The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating on the stock in a research note on Friday, April 4th. JMP Securities dropped their target price on The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating for the company in a research note on Tuesday. Finally, Oppenheimer lowered The Carlyle Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $51.06.
Read Our Latest Analysis on The Carlyle Group
About The Carlyle Group
(
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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