Bfsg LLC Sells 480 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Bfsg LLC reduced its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 7.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,330 shares of the financial services provider’s stock after selling 480 shares during the period. Bfsg LLC’s holdings in The Carlyle Group were worth $258,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Yousif Capital Management LLC bought a new stake in The Carlyle Group during the 4th quarter valued at $4,204,000. GAMMA Investing LLC purchased a new position in The Carlyle Group during the 4th quarter worth $38,000. SlateStone Wealth LLC purchased a new position in The Carlyle Group during the 4th quarter worth $286,000. Duality Advisers LP purchased a new position in The Carlyle Group during the 4th quarter worth $245,000. Finally, abrdn plc grew its stake in The Carlyle Group by 103.0% during the 4th quarter. abrdn plc now owns 72,456 shares of the financial services provider’s stock valued at $2,948,000 after purchasing an additional 36,760 shares during the last quarter. 55.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Citigroup upped their target price on The Carlyle Group from $41.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. UBS Group upped their target price on The Carlyle Group from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Barclays upped their target price on The Carlyle Group from $55.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. JPMorgan Chase & Co. upped their target price on The Carlyle Group from $39.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Finally, TheStreet cut The Carlyle Group from a “b-” rating to a “c” rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, The Carlyle Group has an average rating of “Hold” and a consensus target price of $43.07.

The Carlyle Group Stock Performance

Shares of CG stock traded down $0.21 during trading hours on Wednesday, reaching $46.12. The company had a trading volume of 1,404,552 shares, compared to its average volume of 2,279,322. The stock has a fifty day moving average of $45.85 and a 200-day moving average of $39.37. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.27 and a quick ratio of 2.27. The Carlyle Group Inc. has a 12-month low of $25.20 and a 12-month high of $48.52.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.08. The company had revenue of $896.40 million during the quarter, compared to analysts’ expectations of $860.68 million. The Carlyle Group had a positive return on equity of 19.74% and a negative net margin of 20.53%. The firm’s quarterly revenue was down 15.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.01 earnings per share. As a group, equities analysts forecast that The Carlyle Group Inc. will post 3.95 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 23rd were paid a $0.35 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.04%. The Carlyle Group’s payout ratio is presently -82.84%.

Insider Activity

In related news, major shareholder Carlyle Group Inc. bought 190,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was purchased at an average cost of $12.95 per share, for a total transaction of $2,460,500.00. Following the completion of the acquisition, the insider now owns 1,066,189 shares in the company, valued at approximately $13,807,147.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 27.00% of the company’s stock.

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.