Sirios Capital Management L P Sells 45,142 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Sirios Capital Management L P decreased its position in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 9.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 426,764 shares of the financial services provider's stock after selling 45,142 shares during the period. The Carlyle Group comprises 3.9% of Sirios Capital Management L P's portfolio, making the stock its 6th biggest position. Sirios Capital Management L P owned about 0.12% of The Carlyle Group worth $21,547,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CG. Golden State Wealth Management LLC bought a new position in The Carlyle Group in the fourth quarter valued at about $25,000. National Pension Service bought a new stake in shares of The Carlyle Group during the 4th quarter valued at $25,000. Valley National Advisers Inc. lifted its stake in shares of The Carlyle Group by 149.3% in the 4th quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 327 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of The Carlyle Group by 253.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider's stock worth $29,000 after purchasing an additional 405 shares during the period. Finally, Wilmington Savings Fund Society FSB increased its holdings in The Carlyle Group by 8,090.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 890 shares during the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CG. Morgan Stanley cut their price target on shares of The Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. JMP Securities decreased their price target on shares of The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Oppenheimer downgraded The Carlyle Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. StockNews.com lowered The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Finally, Citigroup reduced their price target on shares of The Carlyle Group from $55.00 to $39.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $50.71.

The Carlyle Group Stock Performance

Shares of CG stock traded down $0.39 on Monday, reaching $38.64. The stock had a trading volume of 841,018 shares, compared to its average volume of 2,596,705. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42. The firm's 50-day moving average is $42.22 and its two-hundred day moving average is $48.66. The firm has a market capitalization of $13.94 billion, a price-to-earnings ratio of 13.88, a P/E/G ratio of 0.98 and a beta of 1.72. The Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $57.50.

The Carlyle Group (NASDAQ:CG - Get Free Report) last announced its earnings results on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. On average, research analysts expect that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 3.62%. The Carlyle Group's payout ratio is presently 50.36%.

The Carlyle Group 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.