Alkeon Capital Management LLC Has $264.79 Million Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Alkeon Capital Management LLC lowered its stake in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 36.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,244,455 shares of the financial services provider's stock after selling 2,995,452 shares during the quarter. The Carlyle Group comprises about 0.5% of Alkeon Capital Management LLC's holdings, making the stock its 28th largest position. Alkeon Capital Management LLC owned 1.47% of The Carlyle Group worth $264,793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. National Pension Service acquired a new stake in shares of The Carlyle Group in the fourth quarter worth $25,000. Golden State Wealth Management LLC acquired a new stake in shares of The Carlyle Group in the fourth quarter valued at about $25,000. Valley National Advisers Inc. raised its holdings in shares of The Carlyle Group by 149.3% during the 4th quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider's stock valued at $27,000 after buying an additional 327 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of The Carlyle Group by 253.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider's stock worth $29,000 after purchasing an additional 405 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its stake in shares of The Carlyle Group by 8,090.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 890 shares during the period. 55.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CG has been the topic of several recent analyst reports. TD Cowen cut their price target on The Carlyle Group from $54.00 to $37.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Bank of America dropped their target price on shares of The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating for the company in a research report on Friday, April 4th. Barclays decreased their price target on The Carlyle Group from $55.00 to $43.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. Oppenheimer cut The Carlyle Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Finally, Morgan Stanley lowered their price target 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. Two equities research 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. Based on data from MarketBeat.com, The Carlyle Group currently has an average rating of "Hold" and a consensus price target of $50.88.

The Carlyle Group Stock Performance

The Carlyle Group stock traded down $0.26 during mid-day trading on Monday, hitting $40.50. 2,109,131 shares of the company's stock traded hands, compared to its average volume of 2,580,518. The Carlyle Group Inc. has a one year low of $33.02 and a one year high of $57.50. The firm 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 PE ratio of 14.57, a price-to-earnings-growth ratio of 0.98 and a beta of 1.72.

The Carlyle Group (NASDAQ:CG - Get Free Report) last released its earnings results 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 forecast that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.46%. The ex-dividend date was Friday, February 21st. The Carlyle Group's dividend payout ratio (DPR) 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.