Lake Street Advisors Group LLC Lowers Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Lake Street Advisors Group LLC decreased its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 15.8% in the 4th quarter, HoldingsChannel reports. The firm owned 6,112 shares of the financial services provider’s stock after selling 1,147 shares during the quarter. Lake Street Advisors Group LLC’s holdings in The Carlyle Group were worth $309,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CG. Golden State Wealth Management LLC purchased a new position in The Carlyle Group in the fourth quarter worth approximately $25,000. Valley National Advisers Inc. lifted its stake in The Carlyle Group by 149.3% in the fourth quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 327 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake 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 last quarter. Brooklyn Investment Group purchased a new position in The Carlyle Group in the third quarter worth approximately $33,000. Finally, Wilmington Savings Fund Society FSB lifted 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 worth $45,000 after acquiring an additional 890 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Wall Street Analyst Weigh In

CG has been the subject of a number of recent research reports. Barclays decreased their price target on shares of 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. Wolfe Research raised shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective on the stock in a report on Friday, January 3rd. TD Cowen raised their price objective on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, November 8th. StockNews.com cut shares of The Carlyle Group from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Finally, Oppenheimer raised their price objective on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $54.93.

The Carlyle Group Stock Performance

Shares of CG opened at $49.84 on Friday. 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 stock has a market capitalization of $17.83 billion, a P/E ratio of 17.93, a P/E/G ratio of 0.98 and a beta of 1.70. The company’s fifty day moving average is $52.43 and its two-hundred day moving average is $48.86. The Carlyle Group Inc. has a 1 year low of $36.65 and a 1 year high of $57.50.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data 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%. On average, sell-side analysts predict that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.

The Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.40 annualized dividend and a yield of 2.81%. The Carlyle Group’s dividend payout ratio is currently 50.36%.

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.