Brown Advisory Inc. Sells 412,493 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Brown Advisory Inc. cut its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 31.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 882,176 shares of the financial services provider’s stock after selling 412,493 shares during the period. Brown Advisory Inc.’s holdings in The Carlyle Group were worth $44,541,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CG. Korea Investment CORP boosted its stake in shares of The Carlyle Group by 28.6% during the 4th quarter. Korea Investment CORP now owns 165,660 shares of the financial services provider’s stock worth $8,364,000 after acquiring an additional 36,873 shares during the last quarter. Invesco Ltd. grew its stake in The Carlyle Group by 9.7% during the fourth quarter. Invesco Ltd. now owns 650,735 shares of the financial services provider’s stock valued at $32,856,000 after acquiring an additional 57,606 shares in the last quarter. Sargent Investment Group LLC grew its position in shares of The Carlyle Group by 6.5% during the fourth quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider’s stock valued at $15,283,000 after purchasing an additional 18,537 shares in the last quarter. Franklin Street Advisors Inc. NC purchased a new stake in shares of The Carlyle Group in the fourth quarter worth about $17,671,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in The Carlyle Group by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,406,201 shares of the financial services provider’s stock valued at $70,999,000 after buying an additional 14,024 shares in the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on CG. Bank of America decreased their price target on shares of The Carlyle Group from $47.00 to $46.00 and set an “underperform” rating on the stock in a research note on Friday, April 4th. Barclays reduced their price objective on shares of The Carlyle Group from $55.00 to $43.00 and set an “overweight” rating on the stock in a research report on Monday, April 7th. Oppenheimer downgraded The Carlyle Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. Evercore ISI upped their target price on shares of The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 12th. Finally, Morgan Stanley lowered their price objective on shares of The Carlyle Group from $57.00 to $44.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $50.88.

The Carlyle Group Trading Down 0.6 %

The Carlyle Group stock opened at $40.50 on Tuesday. The Carlyle Group Inc. has a one year low of $33.02 and a one year high of $57.50. The stock has a market cap of $14.62 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 0.98 and a beta of 1.72. 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 stock has a 50-day moving average of $40.92 and a two-hundred day moving average of $48.23.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. On average, research analysts anticipate that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The company 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. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.40 annualized dividend and a yield of 3.46%. The Carlyle Group’s payout ratio is presently 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.