Elo Mutual Pension Insurance Co Reduces Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

Elo Mutual Pension Insurance Co lessened its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 22.1% during the fourth quarter, according to the company in its most recent filing 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 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in The Carlyle Group by 68.1% during the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock valued at $82,651,000 after buying an additional 777,304 shares in the last quarter. Sargent Investment Group LLC lifted its position in The Carlyle Group by 6.5% during the 4th quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider’s stock worth $15,283,000 after acquiring an additional 18,537 shares in the last quarter. Franklin Street Advisors Inc. NC purchased a new stake in shares of The Carlyle Group during the fourth quarter valued at approximately $17,671,000. Charles Schwab Investment Management Inc. grew its holdings in The Carlyle Group by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,406,201 shares of the financial services provider’s stock valued at $70,999,000 after purchasing an additional 14,024 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in The Carlyle Group by 26.9% in the 4th quarter. Blue Trust Inc. now owns 2,423 shares of the financial services provider’s stock valued at $122,000 after buying an additional 514 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

The Carlyle Group Trading Down 4.3 %

Shares of CG stock opened at $43.15 on Monday. The Carlyle Group Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $57.50. 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 stock has a 50-day simple moving average of $49.27 and a 200 day simple moving average of $49.58. The stock has a market capitalization of $15.59 billion, a P/E ratio of 15.52, a P/E/G ratio of 0.98 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share 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%. On average, sell-side analysts expect that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given 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 yield of 3.24%. The Carlyle Group’s payout ratio is 50.36%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CG shares. Barclays dropped 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. StockNews.com cut shares of The Carlyle Group from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Evercore ISI raised their target price on The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a research note on Wednesday, February 12th. Wells Fargo & Company dropped their price objective on shares of The Carlyle Group from $54.00 to $48.00 and set an “equal weight” rating on the stock in a report on Thursday, March 20th. Finally, Wolfe Research upgraded shares of 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. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.