The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC cut its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 9.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,000 shares of the financial services provider’s stock after selling 653 shares during the period. Catalyst Capital Advisors LLC’s holdings in The Carlyle Group were worth $303,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in The Carlyle Group in the fourth quarter valued at $25,000. Valley National Advisers Inc. lifted its position in The Carlyle Group by 149.3% in the fourth quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 327 shares during the period. Nisa Investment Advisors LLC lifted its position in The Carlyle Group by 253.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 405 shares during the period. Brooklyn Investment Group purchased a new position in The Carlyle Group in the third quarter valued at about $33,000. Finally, Wilmington Savings Fund Society FSB increased its holdings in The Carlyle Group by 8,090.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider’s stock valued at $45,000 after buying an additional 890 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CG. Evercore ISI raised their price objective on shares of The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 12th. Wolfe Research upgraded shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a report on Friday, January 3rd. UBS Group lifted their price target on shares of The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Oppenheimer lifted their price target on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Finally, StockNews.com raised shares of The Carlyle Group from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $54.93.

The Carlyle Group Price Performance

NASDAQ CG opened at $51.77 on Tuesday. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38. The Carlyle Group Inc. has a 1 year low of $36.65 and a 1 year high of $57.50. The company has a fifty day simple moving average of $52.66 and a 200 day simple moving average of $48.33. The company has a market cap of $18.52 billion, a P/E ratio of 178.52, a P/E/G ratio of 0.92 and a beta of 1.70.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. On average, sell-side analysts predict that The Carlyle Group Inc. will post 3.73 EPS for the current year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Friday, February 21st. The Carlyle Group’s dividend payout ratio (DPR) is presently 482.76%.

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.