Carlyle Group Inc. (NASDAQ:CG) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its holdings in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 7.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 160,895 shares of the financial services provider's stock after selling 12,600 shares during the quarter. New York State Common Retirement Fund's holdings in Carlyle Group were worth $7,013,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Xponance Inc. lifted its position in shares of Carlyle Group by 1.1% during the first quarter. Xponance Inc. now owns 36,767 shares of the financial services provider's stock worth $1,603,000 after purchasing an additional 394 shares during the last quarter. State of Michigan Retirement System lifted its holdings in Carlyle Group by 1.0% during the 1st quarter. State of Michigan Retirement System now owns 50,500 shares of the financial services provider's stock worth $2,201,000 after buying an additional 500 shares during the last quarter. MJP Associates Inc. ADV grew its position in shares of Carlyle Group by 21.0% in the 1st quarter. MJP Associates Inc. ADV now owns 5,290 shares of the financial services provider's stock worth $231,000 after acquiring an additional 917 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of Carlyle Group by 9.5% in the 1st quarter. Cerity Partners LLC now owns 78,019 shares of the financial services provider's stock valued at $3,401,000 after acquiring an additional 6,743 shares during the last quarter. Finally, DMC Group LLC raised its position in shares of Carlyle Group by 12.7% during the 1st quarter. DMC Group LLC now owns 7,815 shares of the financial services provider's stock valued at $341,000 after acquiring an additional 883 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company's stock.

Wall Street Analysts Forecast Growth

CG has been the subject of a number of analyst reports. TD Cowen upgraded Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price objective for the company in a research report on Wednesday, May 14th. Evercore ISI lifted their price objective on shares of Carlyle Group from $45.00 to $58.00 and gave the company an "in-line" rating in a research report on Thursday, July 10th. JMP Securities raised their price target on shares of Carlyle Group from $58.00 to $70.00 and gave the company a "market outperform" rating in a research note on Monday, July 14th. Keefe, Bruyette & Woods increased their price objective on Carlyle Group from $43.00 to $45.00 and gave the stock a "market perform" rating in a report on Monday, May 12th. Finally, Citigroup raised Carlyle Group from a "neutral" rating to a "buy" rating and lifted their target price for the company from $44.00 to $65.00 in a research note on Thursday, July 10th. Two research 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 data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $57.73.

Carlyle Group Price Performance

NASDAQ CG opened at $60.17 on Friday. The company has a 50 day simple moving average of $49.59 and a 200-day simple moving average of $47.26. Carlyle Group Inc. has a 52-week low of $33.02 and a 52-week high of $60.64. The firm has a market capitalization of $21.73 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 1.15 and a beta of 1.86. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.36 and a quick ratio of 2.36.

Carlyle Group (NASDAQ:CG - Get Free Report) last posted its earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.17. The firm 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 company's revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.01 earnings per share. Equities research analysts predict that Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Monday, May 19th. Carlyle Group's dividend payout ratio is currently 47.46%.

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.

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