Sierra Capital LLC Reduces Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

Sierra Capital LLC reduced its position in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 18.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,372 shares of the financial services provider's stock after selling 11,183 shares during the quarter. Sierra Capital LLC's holdings in The Carlyle Group were worth $2,543,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CG. FMR LLC increased its holdings in shares of The Carlyle Group by 72.8% during the 3rd quarter. FMR LLC now owns 4,051,757 shares of the financial services provider's stock worth $174,469,000 after acquiring an additional 1,707,520 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of 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 valued at $82,651,000 after purchasing an additional 777,304 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of The Carlyle Group by 22.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,107,301 shares of the financial services provider's stock worth $90,740,000 after buying an additional 391,553 shares during the last quarter. Franklin Street Advisors Inc. NC bought a new stake in shares of The Carlyle Group during the 4th quarter worth about $17,671,000. Finally, Phase 2 Partners LLC acquired a new position in The Carlyle Group in the 3rd quarter valued at about $7,402,000. Institutional investors and hedge funds own 55.88% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CG shares. Barclays decreased their target price on The Carlyle Group from $60.00 to $55.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods upped their price objective on The Carlyle Group from $51.00 to $55.00 and gave the company a "market perform" rating in a report on Friday, November 8th. Wells Fargo & Company reduced their target price on shares of The Carlyle Group from $56.00 to $54.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. Evercore ISI lifted their price objective on shares of The Carlyle Group from $51.00 to $52.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 12th. Finally, 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 research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $54.93.

The Carlyle Group Price Performance

NASDAQ:CG traded up $1.30 during trading hours on Friday, hitting $49.84. The company's stock had a trading volume of 1,961,711 shares, compared to its average volume of 2,322,482. The Carlyle Group Inc. has a twelve month low of $36.65 and a twelve month 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 stock has a fifty day simple moving average of $52.44 and a 200-day simple moving average of $48.79. The company has a market capitalization of $17.83 billion, a P/E ratio of 17.93, a PEG ratio of 0.98 and a beta of 1.70.

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

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, February 21st. This represents a $1.40 annualized dividend and a yield of 2.81%. The Carlyle Group's dividend payout ratio 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.