The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co decreased its position in The Carlyle Group Inc. (NASDAQ:CG) by 22.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,182 shares of the financial services provider’s stock after selling 4,596 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in The Carlyle Group were worth $817,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. William Blair Investment Management LLC boosted its position in The Carlyle Group by 15.5% in the 4th quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider’s stock valued at $668,990,000 after buying an additional 1,773,465 shares during the period. FMR LLC raised its stake in shares of The Carlyle Group by 72.8% in the third 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. acquired a new position in The Carlyle Group during the 4th quarter worth $83,784,000. JPMorgan Chase & Co. increased its holdings in 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 worth $82,651,000 after purchasing an additional 777,304 shares during the period. Finally, Amundi raised its position in The Carlyle Group by 33.6% in 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 in the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CG shares. 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 research report on Friday, January 3rd. Barclays lowered their price objective on 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. Evercore ISI raised their target price on The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 12th. StockNews.com lowered shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Finally, Wells Fargo & Company reduced their price objective 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. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, The Carlyle Group has a consensus rating of “Hold” and a consensus price target of $54.53.

The Carlyle Group Price Performance

The Carlyle Group stock opened at $43.15 on Monday. 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 Carlyle Group Inc. has a one year low of $36.65 and a one year high of $57.50. The company has a market cap of $15.59 billion, a P/E ratio of 15.52, a price-to-earnings-growth ratio of 0.98 and a beta of 1.73. The business has a fifty day moving average of $49.27 and a two-hundred day moving average of $49.58.

The Carlyle Group (NASDAQ:CG) last issued its earnings results 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%. As a group, analysts predict that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a yield of 3.24%. The Carlyle Group’s payout ratio is 50.36%.

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.