Beutel Goodman & Co Ltd. Decreases Stake in The Carlyle Group Inc. (NASDAQ:CG)

Beutel Goodman & Co Ltd. lessened its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 33.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,841,072 shares of the financial services provider’s stock after selling 1,446,522 shares during the quarter. Beutel Goodman & Co Ltd. owned about 0.79% of The Carlyle Group worth $143,445,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Citigroup Inc. lifted its holdings in The Carlyle Group by 25.9% during the 3rd quarter. Citigroup Inc. now owns 86,749 shares of the financial services provider’s stock worth $3,735,000 after purchasing an additional 17,838 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of The Carlyle Group by 2.1% in the third quarter. Cerity Partners LLC now owns 71,553 shares of the financial services provider’s stock worth $3,081,000 after buying an additional 1,451 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in The Carlyle Group by 11.9% during the third quarter. Daiwa Securities Group Inc. now owns 17,873 shares of the financial services provider’s stock valued at $770,000 after acquiring an additional 1,900 shares in the last quarter. Bank of Montreal Can increased its holdings in The Carlyle Group by 1.3% during the 3rd quarter. Bank of Montreal Can now owns 248,388 shares of the financial services provider’s stock worth $10,827,000 after acquiring an additional 3,297 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in The Carlyle Group by 3.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 492,972 shares of the financial services provider’s stock valued at $21,227,000 after purchasing an additional 18,698 shares during the period. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Stock Down 4.3 %

Shares of The Carlyle Group stock opened at $43.15 on Friday. The company’s 50 day moving average price is $49.27 and its 200-day moving average price is $49.42. The Carlyle Group Inc. has a 52-week low of $36.65 and a 52-week high of $57.50. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32. The stock has a market capitalization of $15.59 billion, a price-to-earnings ratio of 15.52, a P/E/G ratio of 0.98 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data 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 18.81% and a return on equity of 24.02%. Equities research analysts forecast that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a $0.35 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.40 annualized dividend and a yield of 3.24%. The Carlyle Group’s dividend payout ratio (DPR) is presently 50.36%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CG shares. Oppenheimer lowered The Carlyle Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Evercore ISI boosted their price objective on The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a report on Wednesday, February 12th. Wells Fargo & Company dropped their target price on shares of The Carlyle Group from $54.00 to $48.00 and set an “equal weight” rating for the company in a research report on Thursday, March 20th. Barclays decreased their price target on shares of The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Finally, Wolfe Research raised shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, The Carlyle Group has an average rating of “Hold” and an average target price of $54.53.

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.