The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lowered its stake in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 35.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,306 shares of the financial services provider's stock after selling 9,310 shares during the period. Mercer Global Advisors Inc. ADV's holdings in The Carlyle Group were worth $874,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CG. Tidal Investments LLC purchased a new stake in shares of The Carlyle Group during the 3rd quarter worth about $212,000. Franklin Resources Inc. grew its stake in The Carlyle Group by 145.6% during the third quarter. Franklin Resources Inc. now owns 28,210 shares of the financial services provider's stock worth $1,215,000 after buying an additional 16,723 shares during the period. Wedmont Private Capital acquired a new stake in shares of The Carlyle Group in the fourth quarter worth $221,000. Oak Thistle LLC acquired a new position in shares of The Carlyle Group during the 4th quarter valued at $372,000. Finally, Park Avenue Securities LLC increased its holdings in The Carlyle Group by 22.5% in the 4th quarter. Park Avenue Securities LLC now owns 8,288 shares of the financial services provider's stock valued at $418,000 after purchasing an additional 1,521 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company's stock.

The Carlyle Group Price Performance

NASDAQ CG opened at $42.04 on Friday. The stock has a 50-day simple moving average of $40.35 and a 200 day simple moving average of $47.99. The Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $57.50. The stock has a market capitalization of $15.17 billion, a PE ratio of 15.12, a P/E/G 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 (NASDAQ:CG - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The financial services provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.17. The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. The company had revenue of $973.10 million during the quarter, compared to analysts' expectations of $972.27 million. During the same period in the prior year, the business earned $1.01 earnings per share. The Carlyle Group's revenue for the quarter was up 2.0% compared to the same quarter last year. Research analysts anticipate that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend is Monday, May 19th. The Carlyle Group's dividend payout ratio is currently 50.36%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CG shares. JMP Securities decreased their target price 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 price objective on shares of The Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Evercore ISI upped their target price on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an "in-line" rating in a research note on Wednesday, February 12th. StockNews.com downgraded shares of The Carlyle Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Finally, Barclays upped their price objective on shares of The Carlyle Group from $43.00 to $49.00 and gave the company an "overweight" rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $51.73.

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.

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