The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Cibc World Markets Corp

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

Other institutional investors have also bought and sold shares of the company. National Pension Service purchased a new position in The Carlyle Group in the 4th quarter worth approximately $25,000. Golden State Wealth Management LLC purchased a new stake in shares of The Carlyle Group during the 4th quarter valued at approximately $25,000. Valley National Advisers Inc. raised its position in shares of The Carlyle Group by 149.3% during the 4th 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 valued at $29,000 after purchasing an additional 405 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in The Carlyle Group in the third quarter valued at approximately $33,000. 55.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wells Fargo & Company dropped their price target on shares of The Carlyle Group from $54.00 to $48.00 and set an “equal weight” rating for the company in a research note on Thursday. Oppenheimer downgraded shares of The Carlyle Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Evercore ISI boosted their price target on shares of 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. StockNews.com downgraded shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Finally, Barclays lowered 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 note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, The Carlyle Group presently has a consensus rating of “Hold” and an average price target of $54.53.

The Carlyle Group Price Performance

Shares of CG opened at $44.13 on Friday. The Carlyle Group Inc. has a 1-year low of $36.65 and a 1-year high of $57.50. The stock has a market cap 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 company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32. The firm has a fifty day moving average price of $50.05 and a 200 day moving average price of $49.23.

The Carlyle Group (NASDAQ:CG) last announced 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, sell-side analysts anticipate that The Carlyle Group Inc. will post 4.48 EPS for the current 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 issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.17%. 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.