The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp lowered its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 39.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,121 shares of the financial services provider’s stock after selling 59,576 shares during the quarter. Van ECK Associates Corp’s holdings in The Carlyle Group were worth $4,702,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in The Carlyle Group in the fourth quarter worth $25,000. Valley National Advisers Inc. boosted 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 worth $27,000 after purchasing an additional 327 shares during the period. Nisa Investment Advisors LLC boosted its holdings in 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 worth $29,000 after purchasing an additional 405 shares during the period. Brooklyn Investment Group acquired a new position in The Carlyle Group in the third quarter worth $33,000. Finally, Wilmington Savings Fund Society FSB boosted its holdings in The Carlyle Group by 8,090.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 890 shares during the period. Institutional investors and hedge funds own 55.88% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on CG shares. TD Cowen lifted their price objective on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, November 8th. JPMorgan Chase & Co. raised their target price on The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Oppenheimer raised their target price on The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. UBS Group raised their target price on The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Wolfe Research upgraded 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 note on Friday, January 3rd. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $54.93.

The Carlyle Group Price Performance

NASDAQ:CG opened at $53.45 on Wednesday. The business’s 50-day moving average price is $52.69 and its 200 day moving average price is $48.39. The firm has a market cap of $19.12 billion, a P/E ratio of 184.31, a PEG ratio of 0.92 and a beta of 1.70. The Carlyle Group Inc. has a 52-week low of $36.65 and a 52-week high of $57.50. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38.

The Carlyle Group (NASDAQ:CG) last released 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 24.91% and a net margin of 2.21%. As a group, sell-side analysts predict that The Carlyle Group Inc. will post 3.73 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be paid a $0.35 dividend. The ex-dividend date is Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a yield of 2.62%. The Carlyle Group’s dividend payout ratio is currently 482.76%.

The Carlyle Group Company 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.