Toronto Dominion Bank Trims 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% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,016 shares of the financial services provider's stock after selling 11,785 shares during the period. Toronto Dominion Bank's holdings in The Carlyle Group were worth $2,323,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Siemens Fonds Invest GmbH acquired a new stake in The Carlyle Group in the fourth quarter valued at $90,000. Royal Bank of Canada raised its stake in shares of The Carlyle Group by 2.7% during the 4th quarter. Royal Bank of Canada now owns 368,375 shares of the financial services provider's stock worth $18,599,000 after buying an additional 9,514 shares during the last quarter. Prana Capital Management LP raised its stake in shares of The Carlyle Group by 21.5% during the 4th quarter. Prana Capital Management LP now owns 467,057 shares of the financial services provider's stock worth $23,582,000 after buying an additional 82,730 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of The Carlyle Group by 7.8% during the 4th quarter. ProShare Advisors LLC now owns 9,878 shares of the financial services provider's stock worth $499,000 after buying an additional 712 shares during the last quarter. Finally, Main Street Group LTD acquired a new position in shares of The Carlyle Group during the 4th quarter worth $29,000. Institutional investors and hedge funds own 55.88% of the company's stock.

The Carlyle Group Trading Down 1.0%

Shares of NASDAQ CG traded down $0.45 on Wednesday, reaching $45.69. 531,837 shares of the company traded hands, compared to its average volume of 2,646,219. The Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $57.50. The company has a 50 day moving average of $41.13 and a 200 day moving average of $47.57. 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 stock has a market capitalization of $16.50 billion, a PE ratio of 16.42, a P/E/G ratio of 0.98 and a beta of 1.85.

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, topping analysts' consensus estimates of $0.97 by $0.17. The firm had revenue of $973.10 million during the quarter, compared to the consensus estimate of $972.27 million. The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. The company's revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 EPS. On average, equities research 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend was Monday, May 19th. The Carlyle Group's dividend payout ratio (DPR) is 47.46%.

Wall Street Analysts Forecast Growth

CG has been the subject of several research reports. Cowen raised The Carlyle Group from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Wells Fargo & Company lifted their price target on The Carlyle Group from $45.00 to $49.00 and gave the stock an "equal weight" rating in a research note on Friday, May 23rd. Bank of America cut their price target on 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. Citigroup cut their target price on shares of The Carlyle Group from $55.00 to $39.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Morgan Stanley reduced their target price on shares of The Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, The Carlyle Group has an average rating of "Hold" and a consensus price target of $53.00.

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.