The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Coastal Bridge Advisors LLC

Coastal Bridge Advisors LLC cut its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 12.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 58,539 shares of the financial services provider's stock after selling 8,274 shares during the quarter. Coastal Bridge Advisors LLC's holdings in The Carlyle Group were worth $2,956,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Massachusetts Financial Services Co. MA increased its holdings in 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 worth $320,684,000 after acquiring an additional 4,244,131 shares in the last quarter. William Blair Investment Management LLC increased its stake in The Carlyle Group by 15.5% during the 4th 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. acquired a new stake in shares of The Carlyle Group in the fourth quarter worth approximately $83,784,000. Norges Bank acquired a new position in The Carlyle Group in the 4th quarter valued at $44,532,000. Finally, Deutsche Bank AG boosted its position in The Carlyle Group by 250.1% during the fourth quarter. Deutsche Bank AG now owns 1,041,816 shares of the financial services provider's stock worth $52,601,000 after acquiring an additional 744,238 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CG has been the subject of a number of analyst reports. TD Cowen dropped their price target on The Carlyle Group from $54.00 to $37.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Bank of America lowered their price target on shares of The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating on the stock in a research report on Friday, April 4th. JMP Securities reduced their target price on shares of The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Citigroup cut their price target 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. Finally, Oppenheimer lowered The Carlyle Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, The Carlyle Group currently has an average rating of "Hold" and a consensus target price of $51.73.

The Carlyle Group Stock Up 1.9 %

Shares of NASDAQ:CG traded up $0.78 on Friday, hitting $42.04. 2,587,048 shares of the company's stock were exchanged, compared to its average volume of 2,606,143. The firm's 50-day moving average is $40.35 and its 200 day moving average is $47.99. 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 quick ratio of 2.32 and a current ratio of 2.32. The company has a market capitalization of $15.17 billion, a PE ratio of 15.12, a P/E/G ratio of 0.98 and a beta of 1.85.

The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.17. The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. The firm had revenue of $973.10 million for the quarter, compared to analysts' expectations of $972.27 million. During the same quarter in the previous year, the firm posted $1.01 EPS. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. Sell-side analysts predict that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Monday, May 19th. 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.