The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lowered its holdings in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 27.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,018 shares of the financial services provider's stock after selling 11,938 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in The Carlyle Group were worth $1,352,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its position in shares of The Carlyle Group by 201.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,351,432 shares of the financial services provider's stock worth $320,684,000 after buying an additional 4,244,131 shares during the period. William Blair Investment Management LLC boosted its position in shares of The Carlyle Group by 15.5% in the fourth quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider's stock worth $668,990,000 after buying an additional 1,773,465 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of The Carlyle Group in the fourth quarter worth about $83,784,000. Frontier Capital Management Co. LLC boosted its position in shares of The Carlyle Group by 98.8% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,455,963 shares of the financial services provider's stock worth $124,002,000 after buying an additional 1,220,827 shares during the period. Finally, Norges Bank purchased a new stake in shares of The Carlyle Group in the fourth quarter worth about $44,532,000. Hedge funds and other institutional investors own 55.88% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Keefe, Bruyette & Woods boosted their price target on The Carlyle Group from $43.00 to $45.00 and gave the stock a "market perform" rating in a research note on Monday, May 12th. Oppenheimer cut The Carlyle Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Evercore ISI upped their price objective on The Carlyle Group from $51.00 to $52.00 and gave the company an "in-line" rating in a research note on Wednesday, February 12th. Wall Street Zen cut The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Finally, Barclays lifted their target price on The Carlyle Group from $43.00 to $49.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $53.00.

The Carlyle Group Price Performance

Shares of CG stock opened at $46.28 on Friday. The stock's fifty day simple moving average is $41.21 and its 200 day simple moving average is $47.26. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32. The firm has a market cap of $16.71 billion, a price-to-earnings ratio of 16.65, a P/E/G ratio of 0.98 and a beta of 1.85. The Carlyle Group Inc. has a one year low of $33.02 and a one year high of $57.50.

The 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 for the quarter, compared to analysts' expectations of $972.27 million. The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. The business's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.01 earnings per share. On average, analysts expect that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend was Monday, May 19th. The Carlyle Group's dividend payout ratio is 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.

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