Carret Asset Management LLC Decreases Stake in The Carlyle Group Inc. (NASDAQ:CG)

Carret Asset Management LLC lessened its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 5.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,290 shares of the financial services provider’s stock after selling 600 shares during the period. Carret Asset Management LLC’s holdings in The Carlyle Group were worth $570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Arizona State Retirement System raised its holdings in shares of The Carlyle Group by 0.3% during the fourth 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 during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its holdings in The Carlyle Group by 0.3% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 80,820 shares of the financial services provider’s stock valued at $4,081,000 after buying an additional 225 shares in the last quarter. DMC Group LLC increased its holdings in The Carlyle Group by 4.3% in the fourth quarter. DMC Group LLC now owns 6,932 shares of the financial services provider’s stock valued at $350,000 after buying an additional 283 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in The Carlyle Group by 31.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,229 shares of the financial services provider’s stock valued at $62,000 after buying an additional 296 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in The Carlyle Group by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 58,600 shares of the financial services provider’s stock valued at $2,959,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Stock Up 4.6 %

Shares of NASDAQ:CG opened at $42.36 on Friday. The business has a 50-day moving average price of $50.89 and a 200 day moving average price of $49.04. 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 market capitalization 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 12-month low of $36.65 and a 12-month high of $57.50.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) 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%. Sell-side analysts expect 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 was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid 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%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CG shares. Wolfe Research raised shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a report on Friday, January 3rd. StockNews.com cut shares of The Carlyle Group from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Wells Fargo & Company reduced their price target 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. Evercore ISI lifted their price objective on The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a report on Wednesday, February 12th. Finally, Barclays decreased their target price 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, The Carlyle Group presently has a consensus rating of “Hold” and a consensus target price of $54.93.

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.