Sumitomo Mitsui Trust Holdings Inc. Sells 4,125 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Sumitomo Mitsui Trust Holdings Inc. reduced its position in The Carlyle Group Inc. (NASDAQ:CG) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 498,759 shares of the financial services provider’s stock after selling 4,125 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.14% of The Carlyle Group worth $20,295,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in CG. William Blair Investment Management LLC raised its holdings in shares of The Carlyle Group by 65.9% in the third quarter. William Blair Investment Management LLC now owns 8,877,428 shares of the financial services provider’s stock valued at $267,743,000 after acquiring an additional 3,524,794 shares in the last quarter. SeaTown Holdings Pte. Ltd. bought a new position in The Carlyle Group in the third quarter worth about $29,949,000. Ariel Investments LLC raised its holdings in The Carlyle Group by 16.9% in the third quarter. Ariel Investments LLC now owns 6,364,528 shares of the financial services provider’s stock worth $191,954,000 after purchasing an additional 918,114 shares in the last quarter. Wafra Inc. raised its holdings in The Carlyle Group by 295.8% in the third quarter. Wafra Inc. now owns 942,083 shares of the financial services provider’s stock worth $28,413,000 after purchasing an additional 704,036 shares in the last quarter. Finally, Mizuho Markets Americas LLC bought a new position in The Carlyle Group in the third quarter worth about $16,678,000. 55.88% of the stock is currently owned by institutional investors.

Insider Transactions at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. bought 190,000 shares of The Carlyle Group stock in a transaction dated Thursday, February 8th. The stock was acquired at an average cost of $12.95 per share, with a total value of $2,460,500.00. Following the purchase, the insider now directly owns 1,066,189 shares in the company, valued at approximately $13,807,147.55. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 27.00% of the company’s stock.

The Carlyle Group Trading Up 2.5 %

Shares of NASDAQ:CG opened at $45.20 on Tuesday. The Carlyle Group Inc. has a 12-month low of $25.20 and a 12-month high of $48.52. The company has a market capitalization of $16.37 billion, a PE ratio of -26.75, a PEG ratio of 0.94 and a beta of 1.79. The business has a 50 day moving average of $45.79 and a two-hundred day moving average of $39.25. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.52.

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

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 23rd were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend was Thursday, February 22nd. The Carlyle Group’s payout ratio is -82.84%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CG shares. UBS Group boosted their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. JMP Securities boosted their price target on The Carlyle Group from $52.00 to $58.00 and gave the stock a “market outperform” rating in a research note on Thursday, February 8th. TheStreet lowered The Carlyle Group from a “b-” rating to a “c” rating in a research note on Wednesday, February 7th. JPMorgan Chase & Co. boosted their price target on The Carlyle Group from $39.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Finally, TD Cowen assumed coverage on The Carlyle Group in a research note on Thursday, January 4th. They set a “market perform” rating and a $42.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, The Carlyle Group presently has a consensus rating of “Hold” and a consensus price target of $43.07.

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.