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

Cresset Asset Management LLC lessened its holdings in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 50.5% during the 4th quarter, according to its most recent filing with the Securities & 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 institutional investors have also recently made changes to their positions in the business. Franklin Resources Inc. raised its stake in The Carlyle Group by 145.6% during the 3rd quarter. Franklin Resources Inc. now owns 28,210 shares of the financial services provider's stock worth $1,215,000 after acquiring an additional 16,723 shares during the period. Wedmont Private Capital bought a new stake in The Carlyle Group during the 4th quarter worth approximately $221,000. Oak Thistle LLC bought a new stake in The Carlyle Group during the 4th quarter worth approximately $372,000. Park Avenue Securities LLC raised its stake in The Carlyle Group by 22.5% during the 4th quarter. Park Avenue Securities LLC now owns 8,288 shares of the financial services provider's stock worth $418,000 after acquiring an additional 1,521 shares during the period. Finally, Mirador Capital Partners LP bought a new stake in The Carlyle Group during the 4th quarter worth approximately $235,000. Institutional investors own 55.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. TD Cowen upgraded shares of The Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 target price on the stock in a research note on Wednesday. JMP Securities cut their price objective on shares of The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. StockNews.com lowered shares of The Carlyle Group from a "hold" rating to a "sell" rating in a report on Thursday, February 20th. Wells Fargo & Company cut their price objective on shares of The Carlyle Group from $48.00 to $39.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Finally, Morgan Stanley cut their price objective on shares of 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 investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven 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 $52.33.

The Carlyle Group Trading Up 0.9%

CG stock opened at $47.42 on Friday. The firm has a market cap of $17.11 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 0.98 and a beta of 1.85. The firm has a fifty day moving average price of $40.74 and a 200 day moving average price of $47.87. The Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week 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 issued its quarterly earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.17. The company had revenue of $973.10 million during the quarter, compared to the consensus estimate of $972.27 million. The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. The Carlyle Group's revenue was up 2.0% on a year-over-year basis. During the same period last year, the company earned $1.01 earnings per share. Sell-side analysts anticipate that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 19th will be given 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 2.95%. The Carlyle Group's dividend payout ratio is presently 47.46%.

The Carlyle Group 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.

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