CANADA LIFE ASSURANCE Co lowered its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 270,559 shares of the financial services provider's stock after selling 14,053 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.08% of The Carlyle Group worth $13,655,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in CG. Massachusetts Financial Services Co. MA raised its holdings in shares of The Carlyle Group by 201.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,351,432 shares of the financial services provider's stock valued at $320,684,000 after purchasing an additional 4,244,131 shares in the last quarter. William Blair Investment Management LLC raised its stake in The Carlyle Group by 15.5% in the fourth quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider's stock worth $668,990,000 after buying an additional 1,773,465 shares in the last quarter. Raymond James Financial Inc. bought a new stake in The Carlyle Group during the 4th quarter valued at $83,784,000. Norges Bank purchased a new position in shares of The Carlyle Group in the 4th quarter valued at $44,532,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of The Carlyle Group by 68.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider's stock worth $82,651,000 after purchasing an additional 777,304 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors.
The Carlyle Group Stock Performance
CG stock traded up $0.24 during midday trading on Friday, hitting $39.03. 1,652,763 shares of the stock traded hands, compared to its average volume of 2,596,412. The stock's fifty day simple moving average is $42.22 and its 200-day simple moving average is $48.63. The firm has a market cap of $14.10 billion, a P/E ratio of 14.04, a PEG 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 company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32.
The Carlyle Group (NASDAQ:CG - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share for the quarter, missing analysts' consensus estimates 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, analysts expect that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.
The Carlyle Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.59%. The ex-dividend date was Friday, February 21st. The Carlyle Group's payout ratio is presently 50.36%.
Wall Street Analysts Forecast Growth
Several analysts have commented on the stock. StockNews.com lowered shares of The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Evercore ISI increased their target price on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an "in-line" rating in a research report on Wednesday, February 12th. Wells Fargo & Company reduced their price target on The Carlyle Group from $48.00 to $39.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Citigroup lowered their price objective on The Carlyle Group from $55.00 to $39.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, TD Cowen decreased their price target on The Carlyle Group from $54.00 to $37.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $50.71.
Read Our Latest Research Report on The Carlyle Group
About The Carlyle Group
(
Free Report)
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.
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