Stanley Laman Group Ltd. Lowers Position in The Carlyle Group Inc. (NASDAQ:CG)

Stanley Laman Group Ltd. reduced its position in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 17.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,617 shares of the financial services provider's stock after selling 18,883 shares during the quarter. Stanley Laman Group Ltd.'s holdings in The Carlyle Group were worth $3,819,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CG. Arizona State Retirement System boosted its stake in shares of The Carlyle Group by 0.3% during the fourth quarter. Arizona State Retirement System now owns 67,239 shares of the financial services provider's stock valued at $3,395,000 after purchasing an additional 220 shares during the period. Aviva PLC grew its holdings in The Carlyle Group by 1.3% in the 4th quarter. Aviva PLC now owns 17,408 shares of the financial services provider's stock worth $879,000 after acquiring an additional 227 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of The Carlyle Group by 0.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 46,607 shares of the financial services provider's stock valued at $2,353,000 after acquiring an additional 258 shares during the period. O ROURKE & COMPANY Inc raised its stake in shares of The Carlyle Group by 1.5% during the fourth quarter. O ROURKE & COMPANY Inc now owns 17,990 shares of the financial services provider's stock valued at $908,000 after acquiring an additional 266 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of The Carlyle Group by 31.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,229 shares of the financial services provider's stock worth $62,000 after purchasing an additional 296 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors.

The Carlyle Group Stock Up 1.8%

Shares of The Carlyle Group stock traded up $0.85 on Monday, reaching $47.04. The company's stock had a trading volume of 1,468,959 shares, compared to its average volume of 2,629,941. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42. The Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $57.50. The company has a market capitalization of $16.99 billion, a price-to-earnings ratio of 16.92, a P/E/G ratio of 0.98 and a beta of 1.85. The firm's fifty day simple moving average is $42.04 and its two-hundred day simple moving average is $46.97.

The 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 the consensus estimate of $0.97 by $0.17. The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. The business had revenue of $973.10 million for the quarter, compared to analysts' expectations of $972.27 million. During the same quarter in the prior year, the business earned $1.01 EPS. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. Equities analysts anticipate that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.

The Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date was Monday, May 19th. The Carlyle Group's dividend payout ratio (DPR) is presently 47.46%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CG shares. TD Cowen raised 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, May 14th. Wall Street Zen cut shares of The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Bank of America decreased their price target on shares of The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating for the company in a research note on Friday, April 4th. Cowen raised The Carlyle Group from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Finally, Morgan Stanley lowered their target price on The Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, The Carlyle Group currently has a consensus rating of "Hold" and an average target price of $53.00.

The 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.