Avanza Fonder AB Decreases Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

Avanza Fonder AB reduced its stake in The Carlyle Group Inc. (NASDAQ:CG) by 6.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 15,407 shares of the financial services provider’s stock after selling 982 shares during the period. Avanza Fonder AB’s holdings in The Carlyle Group were worth $713,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. National Pension Service acquired a new stake in shares of The Carlyle Group during the fourth quarter worth about $25,000. Golden State Wealth Management LLC acquired a new stake in The Carlyle Group during the 4th quarter valued at approximately $25,000. Main Street Group LTD acquired a new stake in shares of The Carlyle Group in the fourth quarter worth $29,000. Whipplewood Advisors LLC raised its holdings in shares of The Carlyle Group by 5,100.0% during the first quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 561 shares during the last quarter. Finally, LRI Investments LLC purchased a new stake in The Carlyle Group in the fourth quarter valued at $32,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. TD Cowen raised The Carlyle Group from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Wednesday, May 14th. Oppenheimer lowered The Carlyle Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. Wall Street Zen lowered shares of The Carlyle Group from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Morgan Stanley lowered their price target on shares of The Carlyle Group from $57.00 to $44.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. Finally, Citigroup cut their price objective on shares of The Carlyle Group from $55.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $53.00.

The Carlyle Group Stock Up 0.6%

CG stock opened at $47.72 on Friday. The stock has a market capitalization of $17.23 billion, a P/E ratio of 17.17, a P/E/G ratio of 0.98 and a beta of 1.85. The Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $57.50. The firm has a 50-day simple moving average of $41.83 and a 200-day simple moving average of $47.10. 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 announced its earnings results on Friday, May 9th. The financial services provider reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.17. The business had revenue of $973.10 million during the quarter, compared to analysts’ expectations of $972.27 million. The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.01 earnings per share. Equities analysts forecast that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were paid a dividend of $0.35 per share. The ex-dividend date was Monday, May 19th. This represents a $1.40 annualized dividend and a yield of 2.93%. The Carlyle Group’s dividend payout ratio (DPR) is presently 47.46%.

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.