California State Teachers Retirement System Trims Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

California State Teachers Retirement System cut its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 17.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 295,531 shares of the financial services provider's stock after selling 62,911 shares during the period. California State Teachers Retirement System owned approximately 0.08% of The Carlyle Group worth $14,921,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. National Pension Service purchased a new position in shares of The Carlyle Group in the fourth quarter worth approximately $25,000. Golden State Wealth Management LLC bought a new stake in shares of The Carlyle Group during the 4th quarter valued at $25,000. Valley National Advisers Inc. increased its stake in shares of The Carlyle Group by 149.3% in the 4th quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider's stock worth $27,000 after purchasing an additional 327 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in The Carlyle Group by 253.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 405 shares in the last quarter. Finally, Main Street Group LTD bought a new stake in The Carlyle Group during the fourth quarter valued at about $29,000. Hedge funds and other institutional investors own 55.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. TD Cowen upgraded shares of 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. Oppenheimer downgraded shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Bank of America lowered their price objective on The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating on the stock in a research report on Friday, April 4th. Barclays raised their price objective on The Carlyle Group from $43.00 to $49.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Finally, Wall Street Zen lowered shares of The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Two equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $53.00.

The Carlyle Group Trading Up 0.4%

CG traded up $0.19 during mid-day trading on Tuesday, hitting $45.27. 1,825,593 shares of the stock were exchanged, compared to its average volume of 2,649,636. The company has a market cap of $16.35 billion, a PE ratio of 16.28, a PEG ratio of 0.98 and a beta of 1.85. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.42. The firm's fifty day moving average is $41.10 and its two-hundred day moving average is $47.36. The Carlyle Group Inc. has a 1-year low of $33.02 and a 1-year high of $57.50.

The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.17. The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. The company had revenue of $973.10 million for the quarter, compared to the consensus estimate of $972.27 million. During the same quarter in the prior year, the business earned $1.01 EPS. The Carlyle Group's revenue was up 2.0% on a year-over-year basis. Equities analysts forecast that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were given a $0.35 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.40 dividend on an annualized basis and a yield of 3.09%. The Carlyle Group's dividend payout ratio (DPR) is presently 47.46%.

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.