Brown Advisory Inc. Sells 578,371 Shares of Carlyle Group Inc. (NASDAQ:CG)

Brown Advisory Inc. cut its holdings in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 65.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 303,805 shares of the financial services provider's stock after selling 578,371 shares during the period. Brown Advisory Inc. owned approximately 0.08% of Carlyle Group worth $13,243,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. TD Private Client Wealth LLC boosted its holdings in Carlyle Group by 2,157.6% during the first quarter. TD Private Client Wealth LLC now owns 10,069 shares of the financial services provider's stock worth $439,000 after buying an additional 9,623 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Carlyle Group by 14.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 557,575 shares of the financial services provider's stock worth $24,305,000 after acquiring an additional 70,156 shares in the last quarter. Catalyst Capital Advisors LLC grew its holdings in shares of Carlyle Group by 83.3% in the 1st quarter. Catalyst Capital Advisors LLC now owns 11,000 shares of the financial services provider's stock worth $479,000 after acquiring an additional 5,000 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its position in shares of Carlyle Group by 3.3% during the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 83,455 shares of the financial services provider's stock worth $3,638,000 after purchasing an additional 2,635 shares during the period. Finally, IFM Investors Pty Ltd boosted its position in shares of Carlyle Group by 1.9% in the 1st quarter. IFM Investors Pty Ltd now owns 46,829 shares of the financial services provider's stock valued at $2,016,000 after purchasing an additional 884 shares during the period. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Group Stock Down 0.3%

Shares of NASDAQ:CG traded down $0.15 during midday trading on Friday, reaching $58.35. The company had a trading volume of 2,297,335 shares, compared to its average volume of 2,675,924. The business's 50 day moving average price is $47.41 and its 200 day moving average price is $46.96. Carlyle Group Inc. has a 1-year low of $33.02 and a 1-year high of $58.84. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 1.56. The stock has a market cap of $21.07 billion, a PE ratio of 15.44, a P/E/G ratio of 1.22 and a beta of 1.86.

Carlyle Group (NASDAQ:CG - Get Free Report) last released its earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.17. The business had revenue of $973.10 million during the quarter, compared to analysts' expectations of $972.27 million. Carlyle Group had a net margin of 19.00% and a return on equity of 23.78%. The firm's revenue was up 2.0% on a year-over-year basis. During the same period last year, the business earned $1.01 earnings per share. Research analysts forecast that Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

Carlyle Group Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Keefe, Bruyette & Woods lifted their price target on Carlyle Group from $43.00 to $45.00 and gave the company a "market perform" rating in a report on Monday, May 12th. Oppenheimer cut Carlyle Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Evercore ISI increased their price target on shares of Carlyle Group from $45.00 to $58.00 and gave the stock an "in-line" rating in a research report on Thursday. Morgan Stanley lowered their price objective on shares of Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Finally, TD Cowen raised shares of Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 target price for the company in a research note on Wednesday, May 14th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Carlyle Group presently has a consensus rating of "Hold" and an average price target of $56.93.

About Carlyle Group

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.