The Carlyle Group Inc. (NASDAQ:CG) Stake Lowered by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. decreased its position in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 28.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 493,357 shares of the financial services provider's stock after selling 200,188 shares during the period. Rockefeller Capital Management L.P. owned about 0.14% of The Carlyle Group worth $24,909,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC acquired a new stake in shares of The Carlyle Group during the 4th quarter valued at approximately $25,000. National Pension Service purchased a new stake in The Carlyle Group during the fourth quarter worth $25,000. Valley National Advisers Inc. grew its holdings in The Carlyle Group by 149.3% in the fourth quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 327 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of The Carlyle Group by 253.1% in the fourth 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 in the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its position 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 buying an additional 890 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on CG. Wells Fargo & Company reduced their price target on shares of The Carlyle Group from $48.00 to $39.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Citigroup dropped their price objective on The Carlyle Group from $55.00 to $39.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Oppenheimer downgraded shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Bank of America cut their price target on The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating for the company in a report on Friday, April 4th. Finally, TD Cowen decreased their price objective on The Carlyle Group from $54.00 to $37.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, The Carlyle Group currently has an average rating of "Hold" and a consensus target price of $50.71.

The Carlyle Group Price Performance

Shares of CG stock traded up $0.59 during midday trading on Friday, reaching $35.84. 3,036,030 shares of the company were exchanged, compared to its average volume of 2,557,002. The Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $57.50. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32. The company has a market cap of $12.95 billion, a P/E ratio of 12.89, a PEG ratio of 0.98 and a beta of 1.72. The company's 50 day moving average price is $43.96 and its two-hundred day moving average price is $48.99.

The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its 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%. On average, sell-side analysts expect that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.91%. The ex-dividend date was Friday, February 21st. The Carlyle Group's dividend payout ratio (DPR) is currently 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.