Toronto Dominion Bank Has $2.32 Million Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Toronto Dominion Bank trimmed its position in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 20.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,016 shares of the financial services provider's stock after selling 11,785 shares during the quarter. Toronto Dominion Bank's holdings in The Carlyle Group were worth $2,323,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

CG has been the subject of a number of analyst reports. JMP Securities cut their price objective on The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Citigroup reduced their price target on shares of The Carlyle Group from $55.00 to $39.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. TD Cowen raised shares of The Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price objective for the company in a report on Wednesday, May 14th. Wells Fargo & Company reduced their target price on The Carlyle Group from $48.00 to $39.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Finally, Cowen upgraded The Carlyle Group from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $52.33.

The Carlyle Group Stock Performance

Shares of NASDAQ:CG opened at $44.43 on Friday. The stock has a market capitalization of $16.05 billion, a P/E ratio of 15.98, a P/E/G 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 Carlyle Group Inc. has a 1-year low of $33.02 and a 1-year high of $57.50. The business has a 50-day moving average price of $41.02 and a two-hundred day moving average price of $47.75.

The Carlyle Group (NASDAQ:CG - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The financial services provider reported $1.14 earnings per share 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 analyst estimates of $972.27 million. During the same period in the prior year, the business posted $1.01 earnings per share. The Carlyle Group's revenue was up 2.0% compared to the same quarter last year. Equities analysts predict that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.

The Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 19th will be issued a $0.35 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.40 dividend on an annualized basis and a yield of 3.15%. The Carlyle Group's dividend payout ratio is presently 47.46%.

About The Carlyle Group

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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