Paradigm Asset Management Co. LLC Reduces Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

Paradigm Asset Management Co. LLC lessened its stake in The Carlyle Group Inc. (NASDAQ:CGFree Report) by 3.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 25,700 shares of the financial services provider’s stock after selling 800 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in The Carlyle Group were worth $1,046,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. William Blair Investment Management LLC increased its holdings in shares of The Carlyle Group by 65.9% in the 3rd quarter. William Blair Investment Management LLC now owns 8,877,428 shares of the financial services provider’s stock valued at $267,743,000 after acquiring an additional 3,524,794 shares during the last quarter. Norges Bank acquired a new stake in shares of The Carlyle Group during the fourth quarter worth $130,771,000. Ariel Investments LLC lifted its position in shares of The Carlyle Group by 16.9% in the 3rd quarter. Ariel Investments LLC now owns 6,364,528 shares of the financial services provider’s stock worth $191,954,000 after buying an additional 918,114 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of The Carlyle Group by 4,693.0% during the 4th quarter. Principal Financial Group Inc. now owns 794,438 shares of the financial services provider’s stock valued at $32,326,000 after buying an additional 777,863 shares during the last quarter. Finally, Wafra Inc. raised its stake in The Carlyle Group by 295.8% during the third quarter. Wafra Inc. now owns 942,083 shares of the financial services provider’s stock worth $28,413,000 after acquiring an additional 704,036 shares during the period. 55.88% of the stock is currently owned by institutional investors.

The Carlyle Group Trading Down 1.6 %

Shares of NASDAQ:CG traded down $0.72 during mid-day trading on Tuesday, hitting $43.83. The stock had a trading volume of 540,899 shares, compared to its average volume of 2,214,719. The Carlyle Group Inc. has a 12-month low of $27.13 and a 12-month high of $48.52. 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 has a market cap of $15.77 billion, a PE ratio of -24.54, a P/E/G ratio of 1.25 and a beta of 1.77. The company’s 50 day moving average is $44.86 and its 200-day moving average is $41.82.

The Carlyle Group (NASDAQ:CGGet Free Report) last issued its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.92 by $0.09. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $986.10 million. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The Carlyle Group’s revenue was up 35.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.63 earnings per share. On average, sell-side analysts predict that The Carlyle Group Inc. will post 3.9 EPS for the current year.

The Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders 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 yield of 3.19%. The Carlyle Group’s dividend payout ratio is presently -78.21%.

Analyst Ratings Changes

CG has been the subject of several recent research reports. Oppenheimer lowered their target price on The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, May 2nd. Keefe, Bruyette & Woods restated a “market perform” rating and set a $48.00 price objective (down from $50.00) on shares of The Carlyle Group in a research note on Thursday, May 2nd. UBS Group boosted their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, April 12th. TD Cowen dropped their price objective on shares of The Carlyle Group from $49.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday, May 2nd. Finally, Jefferies Financial Group reduced their target price on shares of The Carlyle Group from $49.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $45.60.

View Our Latest Stock Analysis on CG

About The Carlyle Group

(Free Report)

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.

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

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