Bfsg LLC Lowers Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

Bfsg LLC lowered its position in The Carlyle Group Inc. (NASDAQ:CG) by 7.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,330 shares of the financial services provider’s stock after selling 480 shares during the period. Bfsg LLC’s holdings in The Carlyle Group were worth $258,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. William Blair Investment Management LLC grew its position in The Carlyle Group by 65.9% during 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 buying an additional 3,524,794 shares during the period. SeaTown Holdings Pte. Ltd. bought a new position in The Carlyle Group during the third quarter worth about $29,949,000. Ariel Investments LLC boosted its position in The Carlyle Group by 16.9% during 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 during the period. Wafra Inc. boosted its position in The Carlyle Group by 295.8% during 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 during the period. Finally, Mizuho Markets Americas LLC bought a new position in The Carlyle Group during the third quarter worth about $16,678,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. bought 190,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were purchased at an average price of $12.95 per share, for a total transaction of $2,460,500.00. Following the completion of the acquisition, the insider now owns 1,066,189 shares of the company’s stock, valued at $13,807,147.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 27.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. TheStreet lowered shares of The Carlyle Group from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. Barclays raised 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 report on Monday, April 8th. Citigroup raised 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 report on Thursday, February 8th. UBS Group raised their target price 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. Finally, JPMorgan Chase & Co. raised their target price on shares of The Carlyle Group from $39.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. One research 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. According to MarketBeat, The Carlyle Group presently has a consensus rating of “Hold” and an average price target of $43.07.

The Carlyle Group Stock Performance

Shares of CG stock traded down $0.21 during trading hours on Wednesday, hitting $46.12. 1,404,552 shares of the company’s stock were exchanged, compared to its average volume of 2,279,322. The Carlyle Group Inc. has a 12-month low of $25.20 and a 12-month high of $48.52. The business’s 50 day simple moving average is $45.85 and its 200-day simple moving average is $39.37. 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 posted its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.78 by $0.08. The firm had revenue of $896.40 million for the quarter, compared to the consensus estimate 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 business’s revenue was down 15.4% compared to the same quarter last year. During the same period last year, the firm posted $1.01 earnings per share. As a group, sell-side analysts expect that The Carlyle Group Inc. will post 3.95 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 23rd were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.04%. The ex-dividend date was Thursday, February 22nd. The Carlyle Group’s dividend payout ratio is -82.84%.

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.