Beutel Goodman & Co Ltd. Sells 1,446,522 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Beutel Goodman & Co Ltd. lowered its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 33.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,841,072 shares of the financial services provider’s stock after selling 1,446,522 shares during the period. Beutel Goodman & Co Ltd.’s holdings in The Carlyle Group were worth $143,445,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. National Pension Service purchased a new position in shares of The Carlyle Group in the 4th quarter worth about $25,000. Golden State Wealth Management LLC bought a new position in shares of The Carlyle Group in the fourth quarter worth approximately $25,000. Valley National Advisers Inc. grew its holdings 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 valued at $27,000 after buying an additional 327 shares during the last quarter. Nisa Investment Advisors LLC increased 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 valued at $29,000 after acquiring an additional 405 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in The Carlyle Group during the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Stock Down 4.3 %

CG opened at $43.15 on Friday. The stock has a market cap of $15.59 billion, a price-to-earnings ratio of 15.52, 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 quick ratio of 2.32 and a current ratio of 2.32. The firm’s fifty day moving average is $49.27 and its 200 day moving average is $49.42. The Carlyle Group Inc. has a fifty-two week low of $36.65 and a fifty-two week 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 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 forecast 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 announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a dividend of $0.35 per share. The ex-dividend date was Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.24%. The Carlyle Group’s dividend payout ratio is 50.36%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Evercore ISI upped their price target on The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a report 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 target on the stock in a report on Friday, January 3rd. Wells Fargo & Company decreased 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 report on Thursday, March 20th. 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 cut The Carlyle Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $54.53.

About The Carlyle Group

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.