First Republic Investment Management Inc. trimmed its holdings in The Carlyle Group Inc. (NASDAQ:CG - Get Rating) by 65.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 641,179 shares of the financial services provider's stock after selling 1,216,333 shares during the quarter. First Republic Investment Management Inc. owned 0.18% of The Carlyle Group worth $16,568,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. CWM LLC raised its stake in shares of The Carlyle Group by 21.0% in the 2nd quarter. CWM LLC now owns 1,722 shares of the financial services provider's stock valued at $55,000 after buying an additional 299 shares in the last quarter. Mirador Capital Partners LP grew its stake in shares of The Carlyle Group by 2.5% in the 2nd quarter. Mirador Capital Partners LP now owns 12,627 shares of the financial services provider's stock valued at $400,000 after purchasing an additional 307 shares during the period. Carson Advisory Inc. raised its holdings in shares of The Carlyle Group by 2.3% in the 2nd quarter. Carson Advisory Inc. now owns 15,550 shares of the financial services provider's stock worth $492,000 after buying an additional 350 shares in the last quarter. Tranquility Partners LLC boosted its stake in The Carlyle Group by 2.9% in the 2nd quarter. Tranquility Partners LLC now owns 14,149 shares of the financial services provider's stock valued at $448,000 after buying an additional 400 shares in the last quarter. Finally, OneAscent Financial Services LLC raised its stake in The Carlyle Group by 2.6% during the third quarter. OneAscent Financial Services LLC now owns 16,735 shares of the financial services provider's stock worth $432,000 after acquiring an additional 417 shares in the last quarter. Institutional investors own 52.69% of the company's stock.
Analyst Ratings Changes
Several equities analysts have issued reports on CG shares. Credit Suisse Group set a $36.00 price objective on The Carlyle Group in a research report on Wednesday, November 23rd. JMP Securities lowered their price objective on shares of The Carlyle Group from $58.00 to $54.00 and set a "market outperform" rating for the company in a research report on Wednesday, November 9th. Deutsche Bank Aktiengesellschaft increased their price target on shares of The Carlyle Group from $33.00 to $35.00 and gave the company a "buy" rating in a research note on Tuesday, November 15th. UBS Group reduced their price objective on The Carlyle Group from $40.00 to $31.00 and set a "neutral" rating on the stock in a report on Tuesday, November 15th. Finally, StockNews.com downgraded The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Wednesday, November 23rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $40.27.
The Carlyle Group Stock Down 0.4 %
CG stock opened at $34.44 on Wednesday. The Carlyle Group Inc. has a twelve month low of $24.59 and a twelve month high of $54.06. The company has a market cap of $12.52 billion, a price-to-earnings ratio of 7.21 and a beta of 1.68. The company has a quick ratio of 2.59, a current ratio of 2.60 and a debt-to-equity ratio of 1.16. The business has a 50 day moving average price of $30.68 and a two-hundred day moving average price of $30.91.
The Carlyle Group (NASDAQ:CG - Get Rating) last issued its earnings results on Tuesday, November 8th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.38. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.08 billion. The Carlyle Group had a net margin of 30.52% and a return on equity of 36.19%. Analysts anticipate that The Carlyle Group Inc. will post 4.27 EPS for the current fiscal year.
The Carlyle Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, November 25th. Stockholders of record on Friday, November 18th were given a $0.325 dividend. This represents a $1.30 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend was Thursday, November 17th. The Carlyle Group's payout ratio is 27.20%.
The Carlyle Group Company Profile
The Carlyle Group, Inc engages in multi-product global alternative asset management. It operates through the following segments: Corporate Private Equity, Real Assets, Global Credit, and Investment Solutions. The Corporate Private Equity segment focuses on buyout, and growth capital funds, which pursue a variety of corporate investments of different sizes and growth potentials.
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