AlphaQuest LLC trimmed its position in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 79.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,916 shares of the financial services provider's stock after selling 15,226 shares during the quarter. AlphaQuest LLC's holdings in The Carlyle Group were worth $198,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Amundi boosted its holdings in The Carlyle Group by 33.6% during the fourth quarter. Amundi now owns 2,364,231 shares of the financial services provider's stock valued at $123,673,000 after purchasing an additional 594,661 shares in the last quarter. Machina Capital S.A.S. bought a new stake in The Carlyle Group in the fourth quarter valued at $671,000. Raymond James Financial Inc. bought a new position in shares of The Carlyle Group during the fourth quarter valued at $83,784,000. Arizona State Retirement System boosted its stake in shares of The Carlyle Group by 0.3% in the 4th quarter. Arizona State Retirement System now owns 67,239 shares of the financial services provider's stock valued at $3,395,000 after purchasing an additional 220 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of The Carlyle Group during the 4th quarter worth about $3,172,000. Institutional investors and hedge funds own 55.88% of the company's stock.
The Carlyle Group Stock Up 0.8 %
CG stock traded up $0.35 during trading hours on Thursday, reaching $43.81. 2,782,939 shares of the stock were exchanged, compared to its average volume of 2,300,734. The firm's 50-day moving average is $50.34 and its 200-day moving average is $49.16. The Carlyle Group Inc. has a 12 month low of $36.65 and a 12 month high of $57.50. The company has a market cap of $15.82 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 0.98 and a beta of 1.73. 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 earnings per share (EPS) 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%. On average, equities research analysts expect that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.
The Carlyle Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.35 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.40 annualized dividend and a yield of 3.20%. The Carlyle Group's payout ratio is currently 50.36%.
Analysts Set New Price Targets
CG has been the subject of a number of research analyst reports. Oppenheimer cut shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday. StockNews.com downgraded shares of The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Evercore ISI raised their price target on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an "in-line" rating in a report on Wednesday, February 12th. Wolfe Research upgraded The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 price objective on the stock in a research report on Friday, January 3rd. Finally, Barclays reduced their target price on shares of The Carlyle Group from $60.00 to $55.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $54.53.
Check Out 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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