The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Sirios Capital Management L P

Sirios Capital Management L P cut its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 9.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 426,764 shares of the financial services provider's stock after selling 45,142 shares during the period. The Carlyle Group comprises approximately 3.9% of Sirios Capital Management L P's portfolio, making the stock its 6th largest position. Sirios Capital Management L P owned 0.12% of The Carlyle Group worth $21,547,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC acquired a new stake in The Carlyle Group during the 4th quarter valued at approximately $25,000. National Pension Service acquired a new stake in shares of The Carlyle Group during the fourth quarter worth $25,000. Valley National Advisers Inc. lifted 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 buying an additional 327 shares during the period. Nisa Investment Advisors LLC grew its holdings in The Carlyle Group by 253.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider's stock worth $29,000 after acquiring an additional 405 shares during the period. Finally, Wilmington Savings Fund Society FSB raised 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 acquiring an additional 890 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CG shares. Wells Fargo & Company lowered their target price on The Carlyle Group from $48.00 to $39.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Barclays dropped their target price on shares of The Carlyle Group from $55.00 to $43.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Bank of America decreased their price target on shares of The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating for the company in a research note on Friday, April 4th. JMP Securities reduced 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, April 8th. Finally, Oppenheimer downgraded 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 company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $50.71.

The Carlyle Group Price Performance

CG opened at $35.69 on Wednesday. The company has a market capitalization of $12.89 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 0.98 and a beta of 1.72. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42. The firm has a 50-day moving average price of $43.07 and a 200-day moving average price of $48.83. The Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $57.50.

The Carlyle Group (NASDAQ:CG - Get Free Report) last posted its earnings results 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 net margin of 18.81% and a return on equity of 24.02%. Equities analysts expect that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a dividend of $0.35 per share. The ex-dividend date was Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.92%. The Carlyle Group's dividend payout ratio (DPR) is currently 50.36%.

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.

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