Oppenheimer & Co. Inc. Has $12.64 Million Position in Carlyle Group Inc. (NASDAQ:CG)

Oppenheimer & Co. Inc. reduced its holdings in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 11.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 289,913 shares of the financial services provider's stock after selling 37,956 shares during the period. Oppenheimer & Co. Inc. owned 0.08% of Carlyle Group worth $12,637,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CG. National Pension Service acquired a new stake in shares of Carlyle Group in the 4th quarter valued at about $25,000. Whipplewood Advisors LLC grew its stake in shares of Carlyle Group by 5,100.0% in the 1st quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider's stock valued at $25,000 after buying an additional 561 shares during the period. Main Street Group LTD acquired a new stake in shares of Carlyle Group in the 4th quarter valued at about $29,000. LRI Investments LLC bought a new position in Carlyle Group in the 4th quarter valued at about $32,000. Finally, Farther Finance Advisors LLC lifted its position in Carlyle Group by 117.2% in the 1st quarter. Farther Finance Advisors LLC now owns 973 shares of the financial services provider's stock valued at $43,000 after acquiring an additional 525 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Morgan Stanley dropped 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 research report on Monday, April 14th. Cowen raised shares of Carlyle Group from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Oppenheimer cut shares of Carlyle Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. TD Cowen raised shares of Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 target price on the stock in a research report on Wednesday, May 14th. Finally, Wells Fargo & Company lifted their target price on shares of Carlyle Group from $45.00 to $49.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $53.00.

Carlyle Group Trading Down 0.4%

NASDAQ:CG opened at $46.86 on Monday. Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $57.50. The stock has a market capitalization of $16.92 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 1.01 and a beta of 1.85. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 1.56. The firm's 50 day moving average is $42.98 and its 200 day moving average is $46.76.

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, topping the consensus estimate of $0.97 by $0.17. The firm had revenue of $973.10 million for the quarter, compared to the consensus estimate of $972.27 million. Carlyle Group had a return on equity of 23.78% and a net margin of 19.00%. The business's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.01 earnings per share. Sell-side analysts expect that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were given a dividend of $0.35 per share. The ex-dividend date was Monday, May 19th. This represents a $1.40 annualized dividend and a dividend yield of 2.99%. 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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