Zurcher Kantonalbank Zurich Cantonalbank Has $4.51 Million Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Zurcher Kantonalbank Zurich Cantonalbank lowered its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,324 shares of the financial services provider’s stock after selling 5,136 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in The Carlyle Group were worth $4,510,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Arizona State Retirement System raised its stake in shares of The Carlyle Group by 0.3% during the 4th quarter. Arizona State Retirement System now owns 67,239 shares of the financial services provider’s stock worth $3,395,000 after purchasing an additional 220 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its position in The Carlyle Group by 0.3% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 80,820 shares of the financial services provider’s stock worth $4,081,000 after acquiring an additional 225 shares in the last quarter. DMC Group LLC grew its position in shares of The Carlyle Group by 4.3% in the 4th quarter. DMC Group LLC now owns 6,932 shares of the financial services provider’s stock valued at $350,000 after acquiring an additional 283 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of The Carlyle Group by 31.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,229 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 296 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in The Carlyle Group by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 58,600 shares of the financial services provider’s stock valued at $2,959,000 after purchasing an additional 300 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Barclays lowered their price target on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Wolfe Research upgraded The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a research note on Friday, January 3rd. StockNews.com cut shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Evercore ISI increased their price objective on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company decreased their price target on shares of The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research note 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 company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $54.93.

The Carlyle Group Stock Up 4.6 %

NASDAQ CG opened at $42.36 on Friday. The company has a market cap of $15.30 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 0.98 and a beta of 1.73. The Carlyle Group Inc. has a 1-year low of $36.65 and a 1-year 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 company has a 50 day moving average of $50.89 and a 200-day moving average of $49.04.

The Carlyle Group (NASDAQ:CG) last released its earnings results 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 net margin of 18.81% and a return on equity of 24.02%. On average, equities research analysts expect that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The company 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. This represents a $1.40 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group’s payout ratio is presently 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.