Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Wolf Group Capital Advisors

Wolf Group Capital Advisors lessened its stake in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 22.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,722 shares of the financial services provider's stock after selling 11,385 shares during the quarter. Wolf Group Capital Advisors' holdings in Carlyle Group were worth $1,731,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CG. Bfsg LLC raised its holdings in shares of Carlyle Group by 13.0% in the 1st quarter. Bfsg LLC now owns 7,130 shares of the financial services provider's stock valued at $311,000 after buying an additional 818 shares during the period. Sowell Financial Services LLC purchased a new stake in Carlyle Group during the first quarter worth about $333,000. Prentice Wealth Management LLC acquired a new stake in shares of Carlyle Group during the first quarter worth about $254,000. Dynamic Advisor Solutions LLC boosted its stake in shares of Carlyle Group by 6.5% in the first quarter. Dynamic Advisor Solutions LLC now owns 5,147 shares of the financial services provider's stock valued at $224,000 after purchasing an additional 314 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Carlyle Group by 105.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 10,929 shares of the financial services provider's stock worth $476,000 after buying an additional 5,611 shares during the period. 55.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays lifted their price objective on Carlyle Group from $43.00 to $49.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Morgan Stanley lowered their price target on shares of Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Wells Fargo & Company raised their price objective on shares of Carlyle Group from $45.00 to $49.00 and gave the company an "equal weight" rating in a report on Friday, May 23rd. Citigroup lowered their target price on shares of 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, Wall Street Zen cut 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 assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Carlyle Group presently has a consensus rating of "Hold" and an average price target of $53.00.

Carlyle Group Price Performance

Shares of CG traded up $0.97 during trading hours on Wednesday, reaching $47.07. The company had a trading volume of 4,890,431 shares, compared to its average volume of 2,637,658. The company has a market capitalization of $17.00 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 1.01 and a beta of 1.85. Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month high of $57.50. The firm has a 50 day simple moving average of $42.41 and a 200-day simple moving average of $46.92. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 1.56.

Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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. Carlyle Group had a return on equity of 23.78% and a net margin of 19.00%. Carlyle Group's revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.01 earnings per share. Research analysts expect that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend was Monday, May 19th. Carlyle Group's payout ratio is currently 47.46%.

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.