Absolute Gestao de Investimentos Ltda. Cuts Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Absolute Gestao de Investimentos Ltda. trimmed its holdings in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 16.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,102 shares of the financial services provider's stock after selling 8,792 shares during the quarter. The Carlyle Group comprises about 0.9% of Absolute Gestao de Investimentos Ltda.'s investment portfolio, making the stock its 14th biggest holding. Absolute Gestao de Investimentos Ltda.'s holdings in The Carlyle Group were worth $2,227,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Meiji Yasuda Life Insurance Co purchased a new stake in shares of The Carlyle Group in the fourth quarter worth $687,000. Freestone Grove Partners LP purchased a new stake in The Carlyle Group during the 4th quarter valued at about $9,859,000. Comerica Bank increased its stake in The Carlyle Group by 101.5% during the 4th quarter. Comerica Bank now owns 199,879 shares of the financial services provider's stock valued at $10,092,000 after purchasing an additional 100,680 shares in the last quarter. Soros Fund Management LLC purchased a new position in The Carlyle Group in the fourth quarter worth about $23,204,000. Finally, Northern Trust Corp grew its holdings in shares of The Carlyle Group by 14.9% during the fourth quarter. Northern Trust Corp now owns 2,205,181 shares of the financial services provider's stock valued at $111,340,000 after buying an additional 285,935 shares during the last quarter. Institutional investors own 55.88% of the company's stock.

The Carlyle Group Price Performance

NASDAQ:CG traded down $0.26 during trading hours on Monday, hitting $40.50. 2,109,131 shares of the stock traded hands, compared to its average volume of 2,580,518. The stock has a 50 day moving average price of $40.92 and a 200 day moving average price of $48.23. 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 company has a market cap of $14.62 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 0.98 and a beta of 1.72. The Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $57.50.

The Carlyle Group (NASDAQ:CG - Get Free Report) last issued 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%. Sell-side analysts forecast that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.35 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.40 annualized dividend and a yield of 3.46%. The Carlyle Group's payout ratio is 50.36%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CG shares. Evercore ISI boosted their price objective on shares of The Carlyle Group from $51.00 to $52.00 and gave the stock an "in-line" rating in a report on Wednesday, February 12th. TD Cowen lowered their price target on The Carlyle Group from $54.00 to $37.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Morgan Stanley reduced their price objective on The Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Wells Fargo & Company dropped their price target on shares of The Carlyle Group from $48.00 to $39.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Finally, Barclays lowered 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. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, The Carlyle Group presently has a consensus rating of "Hold" and a consensus price target of $50.88.

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.