Strs Ohio Sells 17,519 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Strs Ohio lowered its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 14.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 100,350 shares of the financial services provider’s stock after selling 17,519 shares during the quarter. Strs Ohio’s holdings in The Carlyle Group were worth $4,083,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of CG. AdvisorNet Financial Inc increased its holdings in The Carlyle Group by 125.5% during the 3rd quarter. AdvisorNet Financial Inc now owns 814 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 453 shares during the period. Sunbelt Securities Inc. bought a new stake in The Carlyle Group during the 1st quarter worth approximately $31,000. CVA Family Office LLC bought a new stake in The Carlyle Group during the 4th quarter worth approximately $35,000. UniSuper Management Pty Ltd bought a new stake in The Carlyle Group during the 2nd quarter worth approximately $45,000. Finally, Clear Street Markets LLC bought a new position in shares of The Carlyle Group in the 3rd quarter worth $50,000. Institutional investors own 55.88% of the company’s stock.

The Carlyle Group Stock Down 2.1 %

Shares of The Carlyle Group stock opened at $43.68 on Friday. 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 50-day moving average of $45.81 and a 200 day moving average of $38.91. The firm has a market cap of $15.82 billion, a price-to-earnings ratio of -25.85, a PEG ratio of 0.96 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 released its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.08. The business had revenue of $896.40 million during the quarter, compared to analyst estimates of $860.68 million. The Carlyle Group had a negative net margin of 20.53% and a positive return on equity of 19.74%. The Carlyle Group’s revenue was down 15.4% compared to the same quarter last year. During the same period last year, the business earned $1.01 EPS. As a group, sell-side analysts anticipate that The Carlyle Group Inc. will post 3.93 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 23rd were paid a dividend of $0.35 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.40 dividend on an annualized basis and a yield of 3.21%. The Carlyle Group’s dividend payout ratio is currently -82.84%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CG. TD Cowen began coverage on shares of The Carlyle Group in a research note on Thursday, January 4th. They issued a “market perform” rating and a $42.00 price objective for the company. Barclays upped their price objective on shares of The Carlyle Group from $55.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Morgan Stanley upped their price objective on shares of The Carlyle Group from $34.00 to $40.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Citigroup upped their price objective on shares of The Carlyle Group from $41.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Finally, TheStreet cut shares of The Carlyle Group from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $43.07.

Insider Buying and Selling at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. acquired 190,000 shares of The Carlyle Group stock in a transaction 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 purchase, the insider now owns 1,066,189 shares in the company, valued at $13,807,147.55. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 27.00% of the stock is owned by company insiders.

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.