Cresset Asset Management LLC Sells 5,788 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Cresset Asset Management LLC lessened its position in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 50.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,671 shares of the financial services provider's stock after selling 5,788 shares during the period. Cresset Asset Management LLC's holdings in The Carlyle Group were worth $286,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CG. Korea Investment CORP raised its position in shares of The Carlyle Group by 28.6% in the 4th quarter. Korea Investment CORP now owns 165,660 shares of the financial services provider's stock valued at $8,364,000 after purchasing an additional 36,873 shares in the last quarter. Invesco Ltd. boosted its stake in The Carlyle Group by 9.7% during the 4th quarter. Invesco Ltd. now owns 650,735 shares of the financial services provider's stock valued at $32,856,000 after acquiring an additional 57,606 shares during the last quarter. Sargent Investment Group LLC raised its stake in shares of The Carlyle Group by 6.5% in the 4th quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider's stock valued at $15,283,000 after purchasing an additional 18,537 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in The Carlyle Group by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,406,201 shares of the financial services provider's stock worth $70,999,000 after purchasing an additional 14,024 shares in the last quarter. Finally, Orion Portfolio Solutions LLC acquired a new stake in The Carlyle Group during the fourth quarter valued at approximately $425,000. Institutional investors and hedge funds own 55.88% of the company's stock.

The Carlyle Group Stock Up 0.7%

Shares of The Carlyle Group stock traded up $0.30 during trading on Thursday, hitting $44.15. 181,702 shares of the stock traded hands, compared to its average volume of 2,641,627. The stock has a market cap of $15.95 billion, a P/E ratio of 15.86, a PEG ratio of 0.98 and a beta of 1.85. The company has a fifty day moving average price of $41.01 and a two-hundred day moving average price of $47.78. The Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month 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 Carlyle Group (NASDAQ:CG - Get Free Report) last posted its earnings results on Friday, May 9th. The financial services provider reported $1.14 EPS for the quarter, topping the consensus estimate of $0.97 by $0.17. The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. The company had revenue of $973.10 million during the quarter, compared to the consensus estimate of $972.27 million. During the same period in the previous year, the firm posted $1.01 earnings per share. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. Equities research analysts predict that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 19th will be paid a $0.35 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.40 dividend on an annualized basis and a yield of 3.17%. The Carlyle Group's payout ratio is presently 47.46%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Barclays raised their target price on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Bank of America decreased their target price on The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating for the company in a research note on Friday, April 4th. JMP Securities dropped their price target on shares of The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Cowen raised The Carlyle Group from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Finally, Wall Street Zen cut The Carlyle Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, The Carlyle Group presently has a consensus rating of "Hold" and an average target price of $52.33.

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.