New York State Teachers Retirement System Has $2.23 Million Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

New York State Teachers Retirement System cut its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,246 shares of the financial services provider’s stock after selling 300 shares during the quarter. New York State Teachers Retirement System’s holdings in The Carlyle Group were worth $2,234,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. FMR LLC grew its holdings in The Carlyle Group by 72.8% in the 3rd quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock valued at $174,469,000 after buying an additional 1,707,520 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of The Carlyle Group by 22.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,107,301 shares of the financial services provider’s stock valued at $90,740,000 after purchasing an additional 391,553 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of The Carlyle Group by 68.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock valued at $82,651,000 after acquiring an additional 777,304 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of The Carlyle Group by 2.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,206 shares of the financial services provider’s stock valued at $60,508,000 after purchasing an additional 36,549 shares in the last quarter. Finally, Private Management Group Inc. increased its stake in shares of The Carlyle Group by 16.8% in the third quarter. Private Management Group Inc. now owns 704,150 shares of the financial services provider’s stock valued at $30,321,000 after buying an additional 101,268 shares during the period. 55.88% of the stock is owned by institutional investors.

The Carlyle Group Stock Down 4.1 %

The Carlyle Group stock opened at $49.86 on Friday. The Carlyle Group Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $57.50. The stock has a market cap of $17.83 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 0.98 and a beta of 1.70. The firm’s 50-day simple moving average is $52.56 and its 200 day simple moving average is $48.57. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32.

The Carlyle Group (NASDAQ:CG) 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 return on equity of 24.02% and a net margin of 18.81%. Research analysts predict that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.81%. The Carlyle Group’s dividend payout ratio is currently 50.36%.

Analysts Set New Price Targets

Several equities analysts have issued reports on CG shares. Evercore ISI upped 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 research report on Wednesday, February 12th. Keefe, Bruyette & Woods raised their target price on The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, November 8th. Barclays reduced their price target on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock 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 report on Thursday. Finally, Oppenheimer increased their target price on shares of The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $54.93.

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.