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

Toronto Dominion Bank lessened its position in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 20.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CG. Massachusetts Financial Services Co. MA boosted its position in The Carlyle Group by 201.4% during 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 purchasing an additional 4,244,131 shares during the period. William Blair Investment Management LLC boosted its holdings in shares of The Carlyle Group by 15.5% during the 4th 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. acquired a new position in The Carlyle Group in the 4th quarter valued at about $83,784,000. Frontier Capital Management Co. LLC lifted its position in The Carlyle Group by 98.8% during 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 acquiring an additional 1,220,827 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of The Carlyle Group during the fourth quarter worth approximately $44,532,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on CG shares. JMP Securities reduced their price target on The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Oppenheimer cut shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Wells Fargo & Company raised their price target on shares of The Carlyle Group from $45.00 to $49.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. Evercore ISI increased their target price on shares of The Carlyle Group from $51.00 to $52.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 12th. Finally, Wall Street Zen downgraded shares of The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Two 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. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $53.00.

The Carlyle Group Price Performance

Shares of The Carlyle Group stock traded down $0.12 during trading on Monday, reaching $45.08. 1,801,463 shares of the company's stock were exchanged, compared to its average volume of 2,652,855. The firm's 50-day moving average price is $41.12 and its 200 day moving average price is $47.40. The company has a market cap of $16.28 billion, a P/E ratio of 16.22, a PEG ratio of 0.98 and a beta of 1.85. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32. 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 posted its earnings results on Friday, May 9th. The financial services provider reported $1.14 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 analysts' expectations of $972.27 million. The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 earnings per share. As a group, research analysts anticipate 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 declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.40 annualized dividend and a dividend yield of 3.11%. The Carlyle Group's dividend payout ratio (DPR) is presently 47.46%.

The Carlyle Group 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.