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

Sierra Capital LLC reduced its position in The Carlyle Group Inc. (NASDAQ:CG) by 18.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 50,372 shares of the financial services provider’s stock after selling 11,183 shares during the period. Sierra Capital LLC’s holdings in The Carlyle Group were worth $2,543,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CG. FMR LLC increased its stake in The Carlyle Group by 72.8% in the third quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock valued at $174,469,000 after purchasing an additional 1,707,520 shares during the period. Massachusetts Financial Services Co. MA increased its position in The Carlyle Group by 22.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,107,301 shares of the financial services provider’s stock valued at $90,740,000 after acquiring an additional 391,553 shares during the period. JPMorgan Chase & Co. raised its stake in The Carlyle Group by 68.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock valued at $82,651,000 after acquiring an additional 777,304 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of The Carlyle Group by 2.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,206 shares of the financial services provider’s stock worth $60,508,000 after purchasing an additional 36,549 shares during the last quarter. Finally, Private Management Group Inc. grew its position in The Carlyle Group by 16.8% in the 3rd quarter. Private Management Group Inc. now owns 704,150 shares of the financial services provider’s stock valued at $30,321,000 after buying an additional 101,268 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on CG shares. Oppenheimer raised their target price 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. Keefe, Bruyette & Woods raised their price objective on shares of The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a research report on Friday, November 8th. Evercore ISI increased their target price on 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. TD Cowen lifted their price target on The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Finally, StockNews.com cut The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $54.93.

The Carlyle Group Price Performance

NASDAQ:CG opened at $49.43 on Tuesday. The Carlyle Group Inc. has a 12-month low of $36.65 and a 12-month high of $57.50. The firm has a market cap of $17.68 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 0.98 and a beta of 1.70. The company’s 50-day moving average is $52.50 and its two-hundred day moving average is $48.72. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.42.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. Research analysts expect that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be given a $0.35 dividend. The ex-dividend date is Friday, February 21st. This represents a $1.40 annualized dividend and a dividend yield of 2.83%. The Carlyle Group’s dividend payout ratio is presently 50.36%.

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.