Tranquility Partners LLC Has $234,000 Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Tranquility Partners LLC trimmed its stake in The Carlyle Group Inc. (NASDAQ:CG) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,628 shares of the financial services provider’s stock after selling 210 shares during the quarter. Tranquility Partners LLC’s holdings in The Carlyle Group were worth $234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its position in The Carlyle Group by 68.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock worth $82,651,000 after purchasing an additional 777,304 shares during the last quarter. Sargent Investment Group LLC increased its holdings in The Carlyle Group by 6.5% in the fourth quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider’s stock worth $15,283,000 after buying an additional 18,537 shares during the last quarter. Franklin Street Advisors Inc. NC bought a new position in The Carlyle Group during the fourth quarter valued at approximately $17,671,000. Empowered Funds LLC lifted its stake in The Carlyle Group by 443.1% in the third quarter. Empowered Funds LLC now owns 157,674 shares of the financial services provider’s stock valued at $6,789,000 after acquiring an additional 128,644 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of The Carlyle Group by 26.9% during the 4th quarter. Blue Trust Inc. now owns 2,423 shares of the financial services provider’s stock worth $122,000 after purchasing an additional 514 shares during the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CG shares. TD Cowen lifted their price objective on shares of The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Wolfe Research raised The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target for the company in a research report on Friday, January 3rd. Oppenheimer increased their price objective on The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods upped their target price on The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, November 8th. Finally, UBS Group lifted their price target on shares of The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $54.93.

The Carlyle Group Stock Up 2.2 %

Shares of CG opened at $51.03 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The company has a 50-day simple moving average of $52.71 and a 200-day simple moving average of $48.28. The Carlyle Group Inc. has a 52 week low of $36.65 and a 52 week high of $57.50. The firm has a market capitalization of $18.25 billion, a P/E ratio of 175.97, a P/E/G ratio of 0.92 and a beta of 1.70.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. On average, equities research analysts expect that The Carlyle Group Inc. will post 3.73 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Friday, February 21st. The Carlyle Group’s dividend payout ratio (DPR) is presently 482.76%.

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.