Private Advisor Group LLC Sells 2,932 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Private Advisor Group LLC trimmed its position in The Carlyle Group Inc. (NASDAQ:CG) by 33.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,781 shares of the financial services provider’s stock after selling 2,932 shares during the quarter. Private Advisor Group LLC’s holdings in The Carlyle Group were worth $292,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of The Carlyle Group by 68.1% in the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock worth $82,651,000 after acquiring an additional 777,304 shares during the period. Sargent Investment Group LLC grew its holdings in The Carlyle Group by 6.5% during the 4th quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider’s stock valued at $15,283,000 after buying an additional 18,537 shares in the last quarter. Franklin Street Advisors Inc. NC purchased a new position in shares of The Carlyle Group in the fourth quarter worth $17,671,000. Empowered Funds LLC boosted its position in shares of The Carlyle Group by 443.1% during the third quarter. Empowered Funds LLC now owns 157,674 shares of the financial services provider’s stock worth $6,789,000 after acquiring an additional 128,644 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in The Carlyle Group by 26.9% in the 4th quarter. Blue Trust Inc. now owns 2,423 shares of the financial services provider’s stock valued at $122,000 after acquiring an additional 514 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on CG. Wolfe Research raised shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a report on Friday, January 3rd. Evercore ISI raised their price target on The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a report on Wednesday, February 12th. Oppenheimer upped their price objective on The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Barclays cut their target price on shares of The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Finally, Wells Fargo & Company decreased their price target on shares of The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $54.93.

The Carlyle Group Stock Up 2.4 %

Shares of NASDAQ:CG opened at $46.16 on Thursday. The firm has a market capitalization of $16.51 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 0.98 and a beta of 1.70. The business has a 50 day simple moving average of $52.27 and a two-hundred day simple moving average of $49.05. 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 Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data 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%. On average, equities analysts predict that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.40 annualized dividend and a yield of 3.03%. The Carlyle Group’s dividend payout ratio (DPR) is 50.36%.

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.