JPMorgan Chase & Co. Has $49.45 Million Position in The Carlyle Group Inc. (NASDAQ:CG)

JPMorgan Chase & Co. trimmed its position in The Carlyle Group Inc. (NASDAQ:CG) by 49.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 979,411 shares of the financial services provider’s stock after selling 940,028 shares during the period. JPMorgan Chase & Co. owned about 0.27% of The Carlyle Group worth $49,450,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in CG. Arizona State Retirement System lifted its holdings in The Carlyle Group by 0.3% in the fourth quarter. Arizona State Retirement System now owns 67,239 shares of the financial services provider’s stock valued at $3,395,000 after buying an additional 220 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. grew its stake in shares of The Carlyle Group by 0.3% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 80,820 shares of the financial services provider’s stock worth $4,081,000 after purchasing an additional 225 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in The Carlyle Group by 0.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 46,607 shares of the financial services provider’s stock valued at $2,353,000 after buying an additional 258 shares during the period. DMC Group LLC boosted its holdings in The Carlyle Group by 4.3% during the fourth quarter. DMC Group LLC now owns 6,932 shares of the financial services provider’s stock worth $350,000 after buying an additional 283 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of The Carlyle Group by 31.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,229 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 296 shares during the last quarter. Institutional investors own 55.88% of the company’s stock.

Wall Street Analysts Forecast Growth

CG has been the topic of several analyst reports. Barclays cut 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 report on Wednesday, February 12th. Wolfe Research raised The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a research report on Friday, January 3rd. StockNews.com cut The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Bank of America dropped their price target on The Carlyle Group from $47.00 to $46.00 and set an “underperform” rating on the stock in a research note on Friday. Finally, Wells Fargo & Company cut their target price on The Carlyle Group from $54.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 20th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $54.00.

The Carlyle Group Stock Down 7.3 %

The Carlyle Group stock opened at $35.89 on Friday. The Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $57.50. The stock has a market cap of $12.96 billion, a P/E ratio of 12.91, a P/E/G ratio of 0.98 and a beta of 1.73. The company’s 50-day moving average price is $47.81 and its two-hundred day moving average price is $49.56. 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 Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. As a group, analysts expect that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group’s dividend payout ratio (DPR) is currently 50.36%.

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.