State of Tennessee Department of Treasury Cuts Stake in The Carlyle Group Inc. (NASDAQ:CG)

State of Tennessee Department of Treasury decreased its stake in The Carlyle Group Inc. (NASDAQ:CG) by 2.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 87,232 shares of the financial services provider’s stock after selling 2,461 shares during the period. State of Tennessee Department of Treasury’s holdings in The Carlyle Group were worth $4,404,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of CG. Vanguard Group Inc. boosted its holdings in shares of The Carlyle Group by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 23,161,423 shares of the financial services provider’s stock worth $1,169,420,000 after acquiring an additional 180,757 shares during the period. Capital World Investors grew its holdings in The Carlyle Group by 0.3% during the 4th quarter. Capital World Investors now owns 19,778,358 shares of the financial services provider’s stock valued at $998,609,000 after buying an additional 50,784 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in shares of The Carlyle Group by 15.5% in the fourth quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider’s stock worth $668,990,000 after buying an additional 1,773,465 shares in the last quarter. Boston Partners boosted its position in shares of The Carlyle Group by 7.1% in the fourth quarter. Boston Partners now owns 7,102,085 shares of the financial services provider’s stock valued at $358,687,000 after acquiring an additional 467,767 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in The Carlyle Group by 201.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,351,432 shares of the financial services provider’s stock worth $320,684,000 after acquiring an additional 4,244,131 shares during the period. 55.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Citigroup cut their price target on shares of The Carlyle Group from $55.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Bank of America lowered their price target on The Carlyle Group from $47.00 to $46.00 and set an “underperform” rating on the stock in a report on Friday, April 4th. Oppenheimer lowered The Carlyle Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. Barclays lowered their target price on shares of The Carlyle Group from $55.00 to $43.00 and set an “overweight” rating on the stock in a research note on Monday, April 7th. Finally, Evercore ISI upped their price objective on The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, The Carlyle Group presently has an average rating of “Hold” and a consensus target price of $50.71.

The Carlyle Group Stock Up 0.6 %

Shares of NASDAQ:CG opened at $39.03 on Friday. The Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $57.50. 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 stock’s 50-day moving average is $42.22 and its 200 day moving average is $48.63. The company has a market cap of $14.10 billion, a PE ratio of 14.04, a P/E/G ratio of 0.98 and a beta of 1.72.

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

The Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a $0.35 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.40 annualized dividend and a yield of 3.59%. 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.