Carlyle Group Inc. (NASDAQ:CG) Holdings Decreased by Stephens Inc. AR

Stephens Inc. AR cut its position in shares of Carlyle Group Inc. (NASDAQ:CG) by 0.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 90,099 shares of the financial services provider’s stock after selling 683 shares during the period. Stephens Inc. AR’s holdings in Carlyle Group were worth $3,927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Bank Pictet & Cie Europe AG acquired a new position in Carlyle Group during the 4th quarter valued at approximately $215,000. Proficio Capital Partners LLC bought a new position in shares of Carlyle Group during the fourth quarter worth about $3,172,000. HighTower Advisors LLC increased its holdings in shares of Carlyle Group by 8.9% in the 4th quarter. HighTower Advisors LLC now owns 42,915 shares of the financial services provider’s stock worth $2,167,000 after acquiring an additional 3,494 shares during the period. EverSource Wealth Advisors LLC lifted its position in Carlyle Group by 171.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,063 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 671 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its position in Carlyle Group by 0.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 73,436 shares of the financial services provider’s stock worth $3,708,000 after purchasing an additional 356 shares during the last quarter. Institutional investors own 55.88% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. TD Cowen upgraded Carlyle Group from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Wednesday, May 14th. Cowen upgraded Carlyle Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. Wells Fargo & Company raised their price target on Carlyle Group from $49.00 to $61.00 and gave the company an “equal weight” rating in a report on Friday. JMP Securities upped their price objective on shares of Carlyle Group from $58.00 to $70.00 and gave the stock a “market outperform” rating in a report on Monday. Finally, Morgan Stanley lowered their target price on shares of Carlyle Group from $57.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $57.73.

Carlyle Group Stock Up 1.1%

CG stock opened at $58.97 on Tuesday. The firm has a market cap of $21.30 billion, a PE ratio of 19.99, a P/E/G ratio of 1.22 and a beta of 1.86. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.36 and a quick ratio of 2.36. The firm has a 50 day simple moving average of $47.77 and a 200 day simple moving average of $46.94. Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $59.08.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share 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 analyst estimates of $972.27 million. Carlyle Group had a return on equity of 23.78% and a net margin of 19.00%. Carlyle Group’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the company posted $1.01 EPS. Equities research analysts forecast that Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th were issued a $0.35 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.37%. Carlyle Group’s payout ratio is currently 47.46%.

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.