Sit Investment Associates Inc. Lowers Position in The Carlyle Group Inc. (NASDAQ:CG)

Sit Investment Associates Inc. decreased its position in The Carlyle Group Inc. (NASDAQ:CG) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,920 shares of the financial services provider’s stock after selling 15,845 shares during the quarter. Sit Investment Associates Inc. owned approximately 0.05% of The Carlyle Group worth $9,791,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in The Carlyle Group in the fourth quarter worth $25,000. National Pension Service purchased a new position in shares of The Carlyle Group in the 4th quarter worth about $25,000. Valley National Advisers Inc. grew its position in The Carlyle Group by 149.3% during the fourth quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock valued at $27,000 after buying an additional 327 shares during the period. Nisa Investment Advisors LLC raised its position in The Carlyle Group by 253.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 405 shares during the period. Finally, Wilmington Savings Fund Society FSB boosted its stake in The Carlyle Group by 8,090.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 890 shares during the last quarter. 55.88% of the stock is owned by institutional investors.

The Carlyle Group Price Performance

The Carlyle Group stock opened at $35.89 on Friday. The business has a 50-day simple moving average of $47.81 and a 200 day simple moving average of $49.56. The Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $57.50. The stock has a market cap of $12.96 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 0.98 and a beta of 1.73. 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 (NASDAQ:CG) last posted its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. On average, research analysts forecast that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a $0.35 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a yield of 3.90%. The Carlyle Group’s dividend payout ratio is presently 50.36%.

Wall Street Analyst Weigh In

CG has been the topic of a number of research reports. Oppenheimer cut shares of The Carlyle Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. Evercore ISI increased their price target on The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 12th. Wells Fargo & Company lowered their price objective on The Carlyle Group from $54.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 20th. Barclays cut their target price on shares of The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Finally, Wolfe Research upgraded 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. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $54.00.

The Carlyle Group Company 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.