Carlyle Group Inc. (NASDAQ:CG) Position Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its position in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 3.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,276,666 shares of the financial services provider's stock after selling 73,572 shares during the period. Bank of New York Mellon Corp owned about 0.63% of Carlyle Group worth $99,240,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CG. Massachusetts Financial Services Co. MA lifted its holdings in shares of Carlyle Group by 201.4% during 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 during the period. William Blair Investment Management LLC lifted its holdings in shares of 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 acquiring an additional 1,773,465 shares during the period. Frontier Capital Management Co. LLC lifted its holdings in shares of Carlyle Group by 98.8% during the 4th quarter. Frontier Capital Management Co. LLC now owns 2,455,963 shares of the financial services provider's stock worth $124,002,000 after acquiring an additional 1,220,827 shares during the period. Norges Bank purchased a new position in shares of Carlyle Group during the 4th quarter worth about $44,532,000. Finally, Deutsche Bank AG lifted its holdings in shares of Carlyle Group by 250.1% during the 4th 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 period. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Carlyle Group Stock Down 0.3%

NASDAQ:CG traded down $0.15 during trading hours on Friday, hitting $58.35. The stock had a trading volume of 2,297,335 shares, compared to its average volume of 2,678,645. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 1.56. Carlyle Group Inc. has a 1-year low of $33.02 and a 1-year high of $58.84. The business has a 50 day simple moving average of $47.77 and a two-hundred day simple moving average of $46.98. The company has a market cap of $21.07 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 1.22 and a beta of 1.86.

Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $973.10 million during the quarter, compared to the consensus estimate of $972.27 million. Carlyle Group had a net margin of 19.00% and a return on equity of 23.78%. Carlyle Group's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the company earned $1.01 earnings per share. Analysts predict that Carlyle Group Inc. will post 4.48 EPS for the current year.

Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were paid a $0.35 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.40%. Carlyle Group's dividend payout ratio (DPR) is presently 47.46%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CG. Wells Fargo & Company increased their price objective on shares of Carlyle Group from $49.00 to $61.00 and gave the stock an "equal weight" rating in a report on Friday. Citigroup upgraded shares of Carlyle Group from a "neutral" rating to a "buy" rating and raised their price target for the company from $44.00 to $65.00 in a report on Thursday. Bank of America cut their price target on shares of Carlyle Group from $47.00 to $46.00 and set an "underperform" rating on the stock in a report on Friday, April 4th. Evercore ISI raised their price target on shares of Carlyle Group from $45.00 to $58.00 and gave the company an "in-line" rating in a report on Thursday. Finally, Morgan Stanley cut their price target on shares of Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, Carlyle Group presently has a consensus rating of "Hold" and a consensus target price of $56.93.

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.