Fmr LLC Has $129.07 Million Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

FMR LLC lowered its position in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 36.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,556,432 shares of the financial services provider's stock after selling 1,495,325 shares during the period. FMR LLC owned about 0.71% of The Carlyle Group worth $129,074,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Korea Investment CORP boosted its stake in The Carlyle Group by 28.6% in 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 during the period. JPMorgan Chase & Co. grew its holdings in shares of The Carlyle Group by 68.1% during the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider's stock worth $82,651,000 after buying an additional 777,304 shares in the last quarter. Sargent Investment Group LLC lifted its stake in The Carlyle Group by 6.5% in the 4th 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 in the last quarter. Franklin Street Advisors Inc. NC bought a new position in shares of The Carlyle Group during the 4th quarter worth approximately $17,671,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of The Carlyle Group by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,406,201 shares of the financial services provider's stock worth $70,999,000 after purchasing an additional 14,024 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CG. StockNews.com lowered shares of The Carlyle Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Oppenheimer cut The Carlyle Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Bank of America dropped their price objective on The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating on the stock in a research note on Friday, April 4th. Citigroup decreased 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, TD Cowen dropped their price target on shares of The Carlyle Group from $54.00 to $37.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $50.71.

The Carlyle Group Price Performance

The Carlyle Group stock traded up $0.59 during midday trading on Friday, reaching $35.84. The company's stock had a trading volume of 3,036,030 shares, compared to its average volume of 2,556,125. The business has a 50-day moving average price of $43.68 and a 200-day moving average price of $48.93. The stock has a market cap of $12.95 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 0.98 and a beta of 1.72. The Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $57.50. 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 (NASDAQ:CG - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. On average, sell-side analysts predict that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a $0.35 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.91%. The Carlyle Group's dividend payout ratio (DPR) is presently 50.36%.

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.