QRG Capital Management Inc. Sells 2,086 Shares of The Carlyle Group Inc. (NASDAQ:CG)

QRG Capital Management Inc. reduced its position in The Carlyle Group Inc. (NASDAQ:CG) by 8.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 22,359 shares of the financial services provider’s stock after selling 2,086 shares during the period. QRG Capital Management Inc.’s holdings in The Carlyle Group were worth $1,129,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in The Carlyle Group by 68.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock worth $82,651,000 after acquiring an additional 777,304 shares during the period. Sargent Investment Group LLC grew its stake in shares of The Carlyle Group by 6.5% during the fourth quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider’s stock worth $15,283,000 after purchasing an additional 18,537 shares during the period. Franklin Street Advisors Inc. NC acquired a new position in The Carlyle Group in the fourth quarter valued at about $17,671,000. Empowered Funds LLC boosted its holdings in The Carlyle Group by 443.1% during the third quarter. Empowered Funds LLC now owns 157,674 shares of the financial services provider’s stock worth $6,789,000 after buying an additional 128,644 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of 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 acquiring an additional 514 shares during the last quarter. Institutional investors own 55.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CG. Evercore ISI boosted their price objective on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a report on Wednesday, February 12th. Wells Fargo & Company decreased their price target on shares of The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Oppenheimer raised their price objective on The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Barclays lowered their price target on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Finally, Wolfe Research upgraded 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $54.93.

The Carlyle Group Stock Performance

Shares of CG stock opened at $48.27 on Tuesday. The Carlyle Group Inc. has a 12 month low of $36.65 and a 12 month high of $57.50. The company’s fifty day simple moving average is $52.40 and its 200-day simple moving average is $49.02. The firm has a market cap of $17.27 billion, a PE ratio of 17.36, a P/E/G ratio of 0.98 and a beta of 1.70. 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 Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results 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 return on equity of 24.02% and a net margin of 18.81%. Equities research analysts expect that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group’s dividend payout ratio (DPR) 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.