Carlyle Group Inc. (NASDAQ:CG) Holdings Cut by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its position in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 4.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 489,055 shares of the financial services provider's stock after selling 20,483 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.14% of Carlyle Group worth $21,318,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Whipplewood Advisors LLC grew its position in shares of Carlyle Group by 5,100.0% during 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 last quarter. Main Street Group LTD acquired a new position in Carlyle Group in the fourth quarter valued at approximately $29,000. LRI Investments LLC acquired a new stake in shares of Carlyle Group during the 4th quarter worth approximately $32,000. Farther Finance Advisors LLC lifted its holdings in shares of Carlyle Group by 117.2% in the 1st quarter. Farther Finance Advisors LLC now owns 973 shares of the financial services provider's stock worth $43,000 after purchasing an additional 525 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its stake in Carlyle Group by 104.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,020 shares of the financial services provider's stock worth $44,000 after buying an additional 520 shares during the last quarter. Institutional investors own 55.88% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on CG. Bank of America lowered their target price on Carlyle Group from $47.00 to $46.00 and set an "underperform" rating on the stock in a research report on Friday, April 4th. Wells Fargo & Company lifted their price objective on shares of Carlyle Group from $45.00 to $49.00 and gave the company an "equal weight" rating in a research note on Friday, May 23rd. Oppenheimer lowered shares of Carlyle Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Morgan Stanley lowered their target price on shares of Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Finally, JMP Securities decreased their price objective on shares of Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $53.00.

Carlyle Group Trading Up 2.1%

Shares of Carlyle Group stock traded up $1.14 on Friday, reaching $55.59. 1,753,929 shares of the company were exchanged, compared to its average volume of 2,655,482. 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 fifty-two week low of $33.02 and a fifty-two week high of $57.50. The firm has a market capitalization of $20.08 billion, a price-to-earnings ratio of 18.84, a price-to-earnings-growth ratio of 1.17 and a beta of 1.86. The stock has a fifty day moving average price of $45.68 and a 200-day moving average price of $46.74.

Carlyle Group (NASDAQ:CG - Get Free Report) last announced its earnings results on Friday, May 9th. The financial services provider reported $1.14 EPS for the quarter, topping the consensus estimate of $0.97 by $0.17. The company 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 business's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the company posted $1.01 earnings per share. On average, analysts expect that Carlyle Group Inc. will post 4.48 EPS for the current year.

Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th were issued 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 2.52%. Carlyle Group's 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.