Kovack Advisors Inc. Sells 1,144 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Kovack Advisors Inc. lowered its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 12.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 7,984 shares of the financial services provider’s stock after selling 1,144 shares during the period. Kovack Advisors Inc.’s holdings in The Carlyle Group were worth $403,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. National Pension Service bought a new position in shares of The Carlyle Group during the 4th quarter worth about $25,000. Golden State Wealth Management LLC acquired a new position in The Carlyle Group in the fourth quarter worth about $25,000. Valley National Advisers Inc. boosted its holdings in The Carlyle Group by 149.3% during 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 in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of The Carlyle Group by 253.1% in the 4th 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. Finally, Brooklyn Investment Group bought a new position in shares of The Carlyle Group during the 3rd quarter worth approximately $33,000. Institutional investors own 55.88% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on CG shares. StockNews.com cut The Carlyle Group from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Wells Fargo & Company cut their price target on shares of The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Oppenheimer raised their price objective on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Wolfe Research raised 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. Finally, Barclays dropped their price target on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $54.93.

The Carlyle Group Trading Up 2.7 %

CG opened at $49.84 on Friday. The firm has a 50 day simple moving average of $52.43 and a 200 day simple moving average of $48.86. The Carlyle Group Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $57.50. The company has a market cap of $17.83 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 0.98 and a beta of 1.70. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32.

The Carlyle Group (NASDAQ:CG) last posted 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 18.81% and a return on equity of 24.02%. On average, sell-side analysts anticipate that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.81%. The Carlyle Group’s dividend payout ratio (DPR) 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.