US Bancorp DE Lowers Position in The Carlyle Group Inc. (NASDAQ:CG)

US Bancorp DE reduced its position in The Carlyle Group Inc. (NASDAQ:CGFree Report) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,190 shares of the financial services provider’s stock after selling 323 shares during the period. US Bancorp DE’s holdings in The Carlyle Group were worth $3,100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its holdings in The Carlyle Group by 3.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 33,356 shares of the financial services provider’s stock valued at $1,357,000 after purchasing an additional 1,141 shares during the period. EverSource Wealth Advisors LLC raised its position in The Carlyle Group by 203.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,857 shares of the financial services provider’s stock worth $116,000 after acquiring an additional 1,914 shares during the period. Western Pacific Wealth Management LP grew its position in shares of The Carlyle Group by 22.4% in the fourth quarter. Western Pacific Wealth Management LP now owns 2,134 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 391 shares during the period. Assetmark Inc. raised its position in shares of The Carlyle Group by 40.2% during the 4th quarter. Assetmark Inc. now owns 192,727 shares of the financial services provider’s stock worth $7,842,000 after purchasing an additional 55,222 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in The Carlyle Group by 12.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 29,192 shares of the financial services provider’s stock worth $1,188,000 after buying an additional 3,145 shares during the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CG shares. Citigroup lifted their price target on The Carlyle Group from $41.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. The Goldman Sachs Group reduced their target price on shares of The Carlyle Group from $54.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. UBS Group upped their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Oppenheimer lowered their target price on The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. Finally, JMP Securities lifted their price objective on The Carlyle Group from $52.00 to $58.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $45.60.

Get Our Latest Research Report on CG

The Carlyle Group Trading Up 2.1 %

NASDAQ CG opened at $42.61 on Friday. The firm has a market cap of $15.33 billion, a price-to-earnings ratio of -23.80, a PEG ratio of 1.21 and a beta of 1.77. The Carlyle Group Inc. has a one year low of $27.13 and a one year high of $48.52. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.53 and a current ratio of 2.53. The firm has a 50 day simple moving average of $44.63 and a 200-day simple moving average of $41.92.

The Carlyle Group (NASDAQ:CGGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.09. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $986.10 million. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The company’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same period last year, the firm earned $0.63 earnings per share. Equities research analysts anticipate that The Carlyle Group Inc. will post 3.9 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, May 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.29%. The Carlyle Group’s payout ratio is currently -78.21%.

The Carlyle Group Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding CG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Carlyle Group Inc. (NASDAQ:CGFree Report).

Institutional Ownership by Quarter for The Carlyle Group (NASDAQ:CG)

Receive News & Ratings for The Carlyle Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Carlyle Group and related companies with MarketBeat.com's FREE daily email newsletter.