Thrivent Financial for Lutherans cut its holdings in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 24.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 391,130 shares of the financial services provider's stock after selling 125,857 shares during the quarter. Thrivent Financial for Lutherans owned 0.11% of The Carlyle Group worth $19,748,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. CIBC Asset Management Inc raised its position in shares of The Carlyle Group by 4.9% during the third quarter. CIBC Asset Management Inc now owns 12,183 shares of the financial services provider's stock worth $525,000 after purchasing an additional 569 shares during the period. Quest Partners LLC boosted its stake in shares of The Carlyle Group by 41.3% in the 3rd quarter. Quest Partners LLC now owns 19,142 shares of the financial services provider's stock worth $824,000 after buying an additional 5,591 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of The Carlyle Group during the third quarter valued at approximately $265,000. Segall Bryant & Hamill LLC purchased a new position in The Carlyle Group in the third quarter worth $560,000. Finally, Moors & Cabot Inc. increased its position in shares of The Carlyle Group by 11.8% during the 3rd quarter. Moors & Cabot Inc. now owns 8,553 shares of the financial services provider's stock valued at $368,000 after purchasing an additional 900 shares during the last quarter. Institutional investors and hedge funds own 55.88% of the company's stock.
Wall Street Analyst Weigh In
CG has been the subject of a number of research analyst reports. Evercore ISI raised 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 report on Wednesday, February 12th. Wells Fargo & Company lowered their price target on shares of The Carlyle Group from $54.00 to $48.00 and set an "equal weight" rating on the stock in a report on Thursday, March 20th. Barclays decreased their target price on The Carlyle Group from $60.00 to $55.00 and set an "overweight" rating for the company in a research report on Wednesday, February 12th. StockNews.com downgraded The Carlyle Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Finally, Oppenheimer cut The Carlyle Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $54.53.
Read Our Latest Report on CG
The Carlyle Group Price Performance
Shares of NASDAQ:CG traded up $0.29 on Tuesday, hitting $46.53. The company's stock had a trading volume of 1,853,220 shares, compared to its average volume of 2,617,982. The Carlyle Group Inc. has a 1 year low of $36.65 and a 1 year 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 company has a market capitalization of $16.81 billion, a PE ratio of 16.74, a PEG ratio of 0.98 and a beta of 1.73. The company has a 50-day simple moving average of $49.96 and a 200 day simple moving average of $49.37.
The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 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%. Sell-side analysts forecast that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal 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 dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.01%. The ex-dividend date was Friday, February 21st. The Carlyle Group's dividend payout ratio (DPR) is presently 50.36%.
The Carlyle Group Company Profile
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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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