The Carlyle Group Inc. (NASDAQ:CG) Stake Lowered by AlphaQuest LLC

AlphaQuest LLC cut its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 79.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,916 shares of the financial services provider’s stock after selling 15,226 shares during the quarter. AlphaQuest LLC’s holdings in The Carlyle Group were worth $198,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Golden State Wealth Management LLC acquired a new position in shares of The Carlyle Group during the fourth quarter worth approximately $25,000. National Pension Service acquired a new position in shares of The Carlyle Group during the fourth quarter worth approximately $25,000. Valley National Advisers Inc. boosted its position in shares of 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 worth $27,000 after buying an additional 327 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of The Carlyle Group by 253.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock worth $29,000 after buying an additional 405 shares during the period. Finally, Brooklyn Investment Group acquired a new position in shares of The Carlyle Group during the third quarter worth approximately $33,000. 55.88% of the stock is owned by institutional investors.

The Carlyle Group Price Performance

Shares of NASDAQ:CG opened at $42.36 on Monday. The company’s fifty day moving average is $50.89 and its two-hundred day moving average is $49.16. 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 12-month low of $36.65 and a 12-month high of $57.50. The company has a market cap of $15.30 billion, a P/E 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 earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share (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 analysts expect that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CG shares. StockNews.com downgraded The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Wolfe Research upgraded The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 target price for the company in a research report on Friday, January 3rd. Wells Fargo & Company cut their target price on The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Evercore ISI upped 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. Finally, Barclays cut their target price 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $54.93.

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.