Capital Management Associates NY Sells 2,865 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Capital Management Associates NY lowered its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 17.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,659 shares of the financial services provider’s stock after selling 2,865 shares during the quarter. Capital Management Associates NY’s holdings in The Carlyle Group were worth $690,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Atria Investments Inc lifted its holdings in shares of The Carlyle Group by 283.9% in the 3rd quarter. Atria Investments Inc now owns 19,861 shares of the financial services provider’s stock worth $855,000 after acquiring an additional 14,687 shares during the last quarter. Apollon Wealth Management LLC lifted its holdings in shares of The Carlyle Group by 4.4% in the 3rd quarter. Apollon Wealth Management LLC now owns 22,977 shares of the financial services provider’s stock worth $989,000 after acquiring an additional 964 shares during the last quarter. Entropy Technologies LP bought a new stake in shares of The Carlyle Group in the 3rd quarter worth about $381,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of The Carlyle Group by 2.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 501,647 shares of the financial services provider’s stock worth $21,601,000 after acquiring an additional 10,448 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of The Carlyle Group by 1.9% in the 3rd quarter. KBC Group NV now owns 54,539 shares of the financial services provider’s stock worth $2,349,000 after acquiring an additional 1,024 shares during the last quarter. Institutional investors own 55.88% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on CG. Evercore ISI raised their target price on shares of 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 reduced their price target on shares of The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Wolfe Research raised shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a research note on Friday, January 3rd. Barclays reduced 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 research note on Wednesday, February 12th. Finally, StockNews.com downgraded shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $54.93.

The Carlyle Group Stock Up 4.6 %

CG stock opened at $42.36 on Friday. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42. The Carlyle Group Inc. has a 52 week low of $36.65 and a 52 week high of $57.50. The firm has a 50 day moving average of $50.89 and a 200 day moving average of $49.04. The stock has a market capitalization of $15.30 billion, a PE ratio of 15.24, a price-to-earnings-growth ratio of 0.98 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG) last announced 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%. Sell-side analysts forecast that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.

The Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group’s payout ratio is presently 50.36%.

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.