Sit Investment Associates Inc. Sells 15,845 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Sit Investment Associates Inc. cut its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 7.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 193,920 shares of the financial services provider’s stock after selling 15,845 shares during the period. Sit Investment Associates Inc.’s holdings in The Carlyle Group were worth $9,791,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. National Pension Service bought a new position in shares of The Carlyle Group in the fourth quarter worth approximately $25,000. Golden State Wealth Management LLC purchased a new position in shares of The Carlyle Group in the fourth quarter valued at about $25,000. Valley National Advisers Inc. raised its stake 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 acquiring an additional 327 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings 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 purchasing an additional 405 shares during the period. Finally, Wilmington Savings Fund Society FSB grew its stake in shares of 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 purchasing an additional 890 shares during the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CG has been the subject of several research analyst reports. Evercore ISI increased their price objective on The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a report 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. Oppenheimer lowered shares of The Carlyle Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. Bank of America reduced their price target on shares of The Carlyle Group from $47.00 to $46.00 and set an “underperform” rating on the stock in a research report on Friday. Finally, Wells Fargo & Company lowered 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. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $54.00.

The Carlyle Group Trading Down 7.3 %

The Carlyle Group stock opened at $35.89 on Friday. The Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $57.50. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.42. The business’s fifty day simple moving average is $47.81 and its two-hundred day simple moving average is $49.56. The company has a market capitalization of $12.96 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 0.98 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG) last issued 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 return on equity of 24.02% and a net margin of 18.81%. As a group, equities analysts predict that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.40 annualized dividend and a yield of 3.90%. The Carlyle Group’s dividend payout ratio is 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.