Alaska Permanent Fund Corp Reduces Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

Alaska Permanent Fund Corp cut its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 3.3% during the 4th quarter, Holdings Channel reports. The fund owned 75,071 shares of the financial services provider’s stock after selling 2,529 shares during the period. Alaska Permanent Fund Corp’s holdings in The Carlyle Group were worth $3,055,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. AdvisorNet Financial Inc raised its position in The Carlyle Group by 125.5% in the third 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. CVA Family Office LLC bought a new stake in shares of The Carlyle Group during the 4th quarter valued at $35,000. GAMMA Investing LLC bought a new stake in shares of The Carlyle Group during the 4th quarter valued at $38,000. Clear Street Markets LLC bought a new stake in shares of The Carlyle Group during the 3rd quarter valued at $50,000. Finally, Fifth Third Bancorp raised its position in shares of The Carlyle Group by 25.6% during the 4th quarter. Fifth Third Bancorp now owns 2,191 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 446 shares during the period. 55.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. JMP Securities raised their price objective on shares of The Carlyle Group from $52.00 to $58.00 and gave the company a “market outperform” rating in a research report on Thursday, February 8th. TheStreet downgraded shares of The Carlyle Group from a “b-” rating to a “c” rating in a report on Wednesday, February 7th. TD Cowen assumed coverage on shares of 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. JPMorgan Chase & Co. lifted their price target on shares of The Carlyle Group from $39.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Finally, Morgan Stanley lifted their price target on shares of The Carlyle Group from $34.00 to $40.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. One equities 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $43.07.

The Carlyle Group Stock Performance

Shares of NASDAQ:CG traded down $0.21 on Wednesday, reaching $46.12. The company’s stock had a trading volume of 1,404,371 shares, compared to its average volume of 2,279,320. The Carlyle Group Inc. has a 52-week low of $25.20 and a 52-week high of $48.52. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.27 and a current ratio of 2.27. The company has a 50-day simple moving average of $45.85 and a 200 day simple moving average of $39.37.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.08. The Carlyle Group had a negative net margin of 20.53% and a positive return on equity of 19.74%. The firm had revenue of $896.40 million during the quarter, compared to analysts’ expectations of $860.68 million. During the same period in the previous year, the company earned $1.01 EPS. The firm’s revenue for the quarter was down 15.4% compared to the same quarter last year. As a group, analysts forecast that The Carlyle Group Inc. will post 3.95 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 dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.04%. The Carlyle Group’s dividend payout ratio is presently -82.84%.

Insider Buying and Selling

In related news, major shareholder Carlyle Group Inc. acquired 190,000 shares of the stock in a transaction on Thursday, February 8th. The stock was bought at an average cost of $12.95 per share, with a total value of $2,460,500.00. Following the transaction, the insider now directly owns 1,066,189 shares in the company, valued at $13,807,147.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 27.00% of the stock is owned by corporate insiders.

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.