Cibc World Markets Corp Sells 3,148 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Cibc World Markets Corp lessened its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 23.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,483 shares of the financial services provider’s stock after selling 3,148 shares during the quarter. Cibc World Markets Corp’s holdings in The Carlyle Group were worth $529,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CG. FMR LLC boosted its position in The Carlyle Group by 72.8% during the 3rd quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock valued at $174,469,000 after acquiring an additional 1,707,520 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of The Carlyle Group during the 4th quarter valued at $83,784,000. JPMorgan Chase & Co. lifted its holdings in shares of The Carlyle Group by 68.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock valued at $82,651,000 after purchasing an additional 777,304 shares during the last quarter. Amundi lifted its holdings in shares of The Carlyle Group by 33.6% during the 4th quarter. Amundi now owns 2,364,231 shares of the financial services provider’s stock valued at $123,673,000 after purchasing an additional 594,661 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of The Carlyle Group by 22.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,107,301 shares of the financial services provider’s stock valued at $90,740,000 after purchasing an additional 391,553 shares during the last quarter. Institutional investors own 55.88% of the company’s stock.

The Carlyle Group Price Performance

NASDAQ:CG opened at $44.13 on Friday. The Carlyle Group Inc. has a 52 week low of $36.65 and a 52 week high of $57.50. 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 stock has a market capitalization of $15.94 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 0.98 and a beta of 1.73. The stock’s 50-day moving average price is $50.05 and its 200-day moving average price is $49.23.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. As a group, equities analysts expect that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date was Friday, February 21st. The Carlyle Group’s dividend payout ratio (DPR) is presently 50.36%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Evercore ISI increased their price objective on The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a report on Wednesday, February 12th. Oppenheimer lowered The Carlyle Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Wells Fargo & Company reduced their target price on The Carlyle Group from $54.00 to $48.00 and set an “equal weight” rating for the company in a research note on Thursday. Barclays reduced their target price on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Finally, StockNews.com lowered The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $54.53.

The Carlyle Group Profile

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.