Teacher Retirement System of Texas Sells 84,074 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Teacher Retirement System of Texas cut its stake in The Carlyle Group Inc. (NASDAQ:CGGet Rating) by 39.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 128,979 shares of the financial services provider’s stock after selling 84,074 shares during the period. Teacher Retirement System of Texas’ holdings in The Carlyle Group were worth $3,333,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Clear Street Markets LLC lifted its holdings in shares of The Carlyle Group by 233.3% during the 3rd quarter. Clear Street Markets LLC now owns 1,000 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 700 shares during the period. Hexagon Capital Partners LLC lifted its holdings in shares of The Carlyle Group by 131.1% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,627 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 923 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of The Carlyle Group by 5,532.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,577 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 1,549 shares during the period. CWM LLC lifted its holdings in shares of The Carlyle Group by 21.0% during the 2nd quarter. CWM LLC now owns 1,722 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 299 shares during the period. Finally, Tobam bought a new position in shares of The Carlyle Group during the 2nd quarter worth about $61,000. 52.69% of the stock is owned by institutional investors.

The Carlyle Group Trading Down 0.4 %

CG opened at $34.44 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.60 and a quick ratio of 2.59. The company has a market cap of $12.52 billion, a price-to-earnings ratio of 7.21 and a beta of 1.68. The firm has a 50 day simple moving average of $30.68 and a 200 day simple moving average of $30.91. The Carlyle Group Inc. has a fifty-two week low of $24.59 and a fifty-two week high of $54.06.

The Carlyle Group (NASDAQ:CGGet Rating) last posted its quarterly earnings results on Tuesday, November 8th. The financial services provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.38. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.08 billion. The Carlyle Group had a net margin of 30.52% and a return on equity of 36.19%. On average, sell-side analysts anticipate that The Carlyle Group Inc. will post 4.27 earnings per share for the current year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 25th. Shareholders of record on Friday, November 18th were paid a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend was Thursday, November 17th. The Carlyle Group’s payout ratio is presently 27.20%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CG shares. Keefe, Bruyette & Woods downgraded shares of The Carlyle Group from an “outperform” rating to a “market perform” rating and set a $36.00 price target for the company. in a report on Monday, January 2nd. UBS Group cut their price target on shares of The Carlyle Group from $40.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, November 15th. JPMorgan Chase & Co. cut their price target on shares of The Carlyle Group from $53.00 to $45.00 and set an “overweight” rating for the company in a report on Tuesday, October 18th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of The Carlyle Group from $33.00 to $35.00 and gave the company a “buy” rating in a report on Tuesday, November 15th. Finally, Bank of America reissued an “underperform” rating and set a $34.00 price target on shares of The Carlyle Group in a report on Thursday, October 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $40.27.

The Carlyle Group Company Profile

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The Carlyle Group, Inc engages in multi-product global alternative asset management. It operates through the following segments: Corporate Private Equity, Real Assets, Global Credit, and Investment Solutions. The Corporate Private Equity segment focuses on buyout, and growth capital funds, which pursue a variety of corporate investments of different sizes and growth potentials.

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Institutional Ownership by Quarter for The Carlyle Group (NASDAQ:CG)

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