Steward Partners Investment Advisory LLC Sells 892 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Steward Partners Investment Advisory LLC reduced its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,581 shares of the financial services provider’s stock after selling 892 shares during the period. Steward Partners Investment Advisory LLC’s holdings in The Carlyle Group were worth $2,200,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CG. Winslow Asset Management Inc. increased its holdings in The Carlyle Group by 1.3% during the fourth quarter. Winslow Asset Management Inc. now owns 134,021 shares of the financial services provider’s stock worth $6,767,000 after buying an additional 1,693 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in The Carlyle Group by 2,469.0% during the fourth quarter. Jones Financial Companies Lllp now owns 2,569 shares of the financial services provider’s stock worth $130,000 after buying an additional 2,469 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in The Carlyle Group by 31.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,229 shares of the financial services provider’s stock worth $62,000 after buying an additional 296 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in The Carlyle Group during the fourth quarter worth about $3,172,000. Finally, Oregon Public Employees Retirement Fund increased its holdings in The Carlyle Group by 0.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 42,979 shares of the financial services provider’s stock worth $2,170,000 after buying an additional 400 shares during the last quarter. 55.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on CG. Evercore ISI lifted their target price on shares of The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 12th. Wolfe Research upgraded shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 target price for the company in a research note on Friday, January 3rd. Oppenheimer lifted their target price on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Barclays reduced their target price on shares of The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company cut their price objective on shares of The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $54.93.

The Carlyle Group Trading Down 1.3 %

Shares of The Carlyle Group stock opened at $43.00 on Friday. The Carlyle Group Inc. has a 1 year low of $36.65 and a 1 year high of $57.50. The firm has a market cap of $15.53 billion, a PE ratio of 15.47, a PEG ratio of 0.98 and a beta of 1.73. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32. The company has a 50 day simple moving average of $51.85 and a two-hundred day simple moving average of $49.06.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. Analysts expect that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued 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 3.26%. The Carlyle Group’s payout ratio is 50.36%.

The 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.