TBH Global Asset Management LLC Has $519,000 Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

TBH Global Asset Management LLC trimmed its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 15.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,763 shares of the financial services provider’s stock after selling 2,333 shares during the period. TBH Global Asset Management LLC’s holdings in The Carlyle Group were worth $519,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Teacher Retirement System of Texas boosted its holdings in shares of The Carlyle Group by 2.3% in the 3rd quarter. Teacher Retirement System of Texas now owns 16,797 shares of the financial services provider’s stock valued at $507,000 after buying an additional 372 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of The Carlyle Group by 4.4% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,175 shares of the financial services provider’s stock worth $373,000 after acquiring an additional 385 shares during the last quarter. Western Pacific Wealth Management LP lifted its holdings in The Carlyle Group by 22.4% during the 4th quarter. Western Pacific Wealth Management LP now owns 2,134 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 391 shares during the last quarter. New York Life Investment Management LLC boosted its position in The Carlyle Group by 1.8% during the fourth quarter. New York Life Investment Management LLC now owns 21,848 shares of the financial services provider’s stock worth $889,000 after purchasing an additional 393 shares during the period. Finally, Fifth Third Bancorp lifted its stake in shares of The Carlyle Group by 25.6% during the 4th quarter. Fifth Third Bancorp now owns 2,191 shares of the financial services provider’s stock worth $89,000 after buying an additional 446 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors.

The Carlyle Group Price Performance

Shares of CG traded up $0.59 during mid-day trading on Friday, reaching $44.55. The company had a trading volume of 1,066,656 shares, compared to its average volume of 2,139,109. The company has a market capitalization of $16.03 billion, a price-to-earnings ratio of -24.89, a P/E/G ratio of 1.24 and a beta of 1.77. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.53 and a current ratio of 2.53. The company’s 50 day simple moving average is $44.87 and its 200 day simple moving average is $41.55. The Carlyle Group Inc. has a 1-year low of $27.13 and a 1-year high of $48.52.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.09. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $986.10 million. During the same quarter in the prior year, the firm posted $0.63 earnings per share. The firm’s revenue was up 35.6% compared to the same quarter last year. Analysts expect that The Carlyle Group Inc. will post 3.9 EPS for the current year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, May 13th. This represents a $1.40 annualized dividend and a dividend yield of 3.14%. The Carlyle Group’s payout ratio is -78.21%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. JMP Securities increased their price target on shares of The Carlyle Group from $52.00 to $58.00 and gave the company a “market outperform” rating in a report on Thursday, February 8th. JPMorgan Chase & Co. upped their price objective on The Carlyle Group from $39.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. TheStreet cut shares of The Carlyle Group from a “b-” rating to a “c” rating in a research note on Wednesday, February 7th. Oppenheimer lowered their target price on shares of The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. Finally, Jefferies Financial Group lowered their price objective on The Carlyle Group from $49.00 to $44.00 and set a “hold” rating on the stock in a research note on Thursday, May 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $45.60.

About The Carlyle Group

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.