The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Simplicity Solutions LLC

Simplicity Solutions LLC cut its position in The Carlyle Group Inc. (NASDAQ:CG) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,766 shares of the financial services provider’s stock after selling 817 shares during the quarter. Simplicity Solutions LLC’s holdings in The Carlyle Group were worth $2,269,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. AdvisorNet Financial Inc grew its stake in shares of The Carlyle Group by 125.5% in the third quarter. AdvisorNet Financial Inc now owns 814 shares of the financial services provider’s stock valued at $25,000 after buying an additional 453 shares in the last quarter. CVA Family Office LLC acquired a new position in The Carlyle Group during the 4th quarter worth $35,000. Sunbelt Securities Inc. acquired a new position in The Carlyle Group during the 1st quarter worth $31,000. UniSuper Management Pty Ltd acquired a new position in The Carlyle Group during the 2nd quarter worth $45,000. Finally, Clear Street Markets LLC acquired a new position in shares of The Carlyle Group during the 3rd quarter worth about $50,000. 55.88% of the stock is owned by institutional investors and hedge funds.

The Carlyle Group Stock Down 3.0 %

Shares of The Carlyle Group stock opened at $45.79 on Monday. The business has a 50-day moving average of $45.65 and a 200-day moving average of $38.63. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.27 and a quick ratio of 2.27. The company has a market capitalization of $16.58 billion, a PE ratio of -27.09, a P/E/G ratio of 0.98 and a beta of 1.79. The Carlyle Group Inc. has a 1-year low of $25.20 and a 1-year high of $48.52.

The Carlyle Group (NASDAQ:CG) last announced its earnings results on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.08. The company had revenue of $896.40 million during the quarter, compared to the consensus estimate of $860.68 million. The Carlyle Group had a positive return on equity of 19.74% and a negative net margin of 20.53%. The company’s revenue was down 15.4% on a year-over-year basis. During the same period last year, the firm earned $1.01 earnings per share. As a group, equities analysts forecast that The Carlyle Group Inc. will post 3.93 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 23rd were paid a $0.35 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.40 dividend on an annualized basis and a yield of 3.06%. The Carlyle Group’s dividend payout ratio (DPR) is -82.84%.

Insider Buying and Selling

In other news, major shareholder Carlyle Group Inc. purchased 190,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was acquired at an average cost of $12.95 per share, for a total transaction of $2,460,500.00. Following the completion of the purchase, the insider now owns 1,066,189 shares of the company’s stock, valued at $13,807,147.55. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 27.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Citigroup boosted their target price on The Carlyle Group from $41.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. TD Cowen began coverage on The Carlyle Group in a report on Thursday, January 4th. They issued a “market perform” rating and a $42.00 price target on the stock. Barclays increased their target price on The Carlyle Group from $55.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, April 8th. JPMorgan Chase & Co. raised their price objective on The Carlyle Group from $39.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Finally, Morgan Stanley raised their price objective on The Carlyle Group from $34.00 to $40.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $43.07.

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.