UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 241,872 Shares of The Carlyle Group Inc. (NASDAQ:CG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 17.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,163,334 shares of the financial services provider's stock after selling 241,872 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.33% of The Carlyle Group worth $58,737,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Korea Investment CORP lifted its holdings in The Carlyle Group by 28.6% during the 4th quarter. Korea Investment CORP now owns 165,660 shares of the financial services provider's stock worth $8,364,000 after purchasing an additional 36,873 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of The Carlyle Group by 9.7% in the fourth quarter. Invesco Ltd. now owns 650,735 shares of the financial services provider's stock worth $32,856,000 after buying an additional 57,606 shares in the last quarter. Sargent Investment Group LLC boosted its position in shares of The Carlyle Group by 6.5% in the fourth quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider's stock valued at $15,283,000 after acquiring an additional 18,537 shares during the period. Charles Schwab Investment Management Inc. grew its stake in The Carlyle Group by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,406,201 shares of the financial services provider's stock valued at $70,999,000 after acquiring an additional 14,024 shares in the last quarter. Finally, Orion Portfolio Solutions LLC bought a new stake in The Carlyle Group during the 4th quarter worth approximately $425,000. Hedge funds and other institutional investors own 55.88% of the company's stock.

Analysts Set New Price Targets

CG has been the subject of a number of recent analyst reports. Evercore ISI boosted their price target on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an "in-line" rating in a research report on Wednesday, February 12th. Citigroup decreased their target price on The Carlyle Group from $55.00 to $39.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. JMP Securities dropped 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 report on Tuesday, April 8th. Morgan Stanley lowered 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 research note on Monday, April 14th. Finally, Wall Street Zen cut The Carlyle Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $53.00.

The Carlyle Group Trading Up 0.3%

The Carlyle Group stock traded up $0.13 during trading hours on Thursday, reaching $45.88. The company had a trading volume of 2,561,460 shares, compared to its average volume of 2,653,148. 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 Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month high of $57.50. The company has a 50-day moving average price of $41.16 and a 200 day moving average price of $47.56. The firm has a market cap of $16.57 billion, a price-to-earnings ratio of 16.50, 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 quarterly earnings results on Friday, May 9th. The financial services provider reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.17. The company had revenue of $973.10 million during the quarter, compared to analyst estimates of $972.27 million. The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. The firm's revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.01 EPS. Equities analysts forecast that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were issued a dividend of $0.35 per share. The ex-dividend date was Monday, May 19th. This represents a $1.40 dividend on an annualized basis and a yield of 3.05%. 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.