Stanley Laman Group Ltd. lessened its holdings in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 8.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 106,500 shares of the financial services provider's stock after selling 10,351 shares during the period. Stanley Laman Group Ltd.'s holdings in The Carlyle Group were worth $5,377,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System boosted its stake in The Carlyle Group by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 58,600 shares of the financial services provider's stock worth $2,959,000 after purchasing an additional 300 shares in the last quarter. Wilmington Savings Fund Society FSB raised its stake in shares of The Carlyle Group by 8,090.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider's stock worth $45,000 after purchasing an additional 890 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of The Carlyle Group during the fourth quarter worth about $25,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in The Carlyle Group by 43.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,853 shares of the financial services provider's stock worth $1,255,000 after buying an additional 7,539 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in The Carlyle Group by 1.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 509,538 shares of the financial services provider's stock worth $25,727,000 after buying an additional 7,891 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company's stock.
The Carlyle Group Trading Up 1.5 %
NASDAQ CG traded up $0.74 during mid-day trading on Monday, hitting $51.77. The company's stock had a trading volume of 3,989,413 shares, compared to its average volume of 1,799,539. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32. The Carlyle Group Inc. has a 52-week low of $36.65 and a 52-week high of $57.50. The stock's fifty day simple moving average is $52.68 and its two-hundred day simple moving average is $48.30. The firm has a market capitalization of $18.52 billion, a P/E ratio of 178.52, a price-to-earnings-growth ratio of 0.92 and a beta of 1.70.
The Carlyle Group (NASDAQ:CG - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. Research analysts expect that The Carlyle Group Inc. will post 3.73 EPS for the current year.
The Carlyle Group Announces Dividend
The business also recently declared 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 yield of 2.70%. The ex-dividend date is Friday, February 21st. The Carlyle Group's dividend payout ratio is presently 482.76%.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the company. Wolfe Research raised The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 price objective for the company in a report on Friday, January 3rd. Wells Fargo & Company lowered their target price on shares of 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. Keefe, Bruyette & Woods boosted their price target 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. TD Cowen increased their target price on The Carlyle Group from $43.00 to $49.00 and gave the company a "hold" rating in a report on Friday, November 8th. Finally, StockNews.com raised shares of The Carlyle Group from a "sell" rating to a "hold" rating in a research note on Wednesday, February 12th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $54.93.
Get Our Latest Stock 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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