Schonfeld Strategic Advisors LLC Sells 32,877 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Schonfeld Strategic Advisors LLC trimmed its position in The Carlyle Group Inc. (NASDAQ:CG) by 75.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 10,955 shares of the financial services provider’s stock after selling 32,877 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in The Carlyle Group were worth $553,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CG. Korea Investment CORP lifted its holdings in shares of The Carlyle Group by 28.6% during the fourth quarter. Korea Investment CORP now owns 165,660 shares of the financial services provider’s stock worth $8,364,000 after purchasing an additional 36,873 shares during the period. Invesco Ltd. lifted its holdings in The Carlyle Group by 9.7% during the 4th quarter. Invesco Ltd. now owns 650,735 shares of the financial services provider’s stock worth $32,856,000 after buying an additional 57,606 shares during the period. Sargent Investment Group LLC grew its position in shares of The Carlyle Group by 6.5% in the 4th quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider’s stock valued at $15,283,000 after buying an additional 18,537 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of The Carlyle Group by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,406,201 shares of the financial services provider’s stock worth $70,999,000 after acquiring an additional 14,024 shares during the period. Finally, Orion Portfolio Solutions LLC bought a new stake in The Carlyle Group in the fourth quarter valued at approximately $425,000. Institutional investors own 55.88% of the company’s stock.

Wall Street Analysts Forecast Growth

CG has been the topic of a number of recent analyst reports. Evercore ISI boosted their price target on shares of The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 12th. TD Cowen cut their price target on shares of The Carlyle Group from $54.00 to $37.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Barclays lifted their price objective on The Carlyle Group from $43.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday. JMP Securities cut their target price on The Carlyle Group from $62.00 to $58.00 and set a “market outperform” rating on the stock in a research report on Tuesday, April 8th. Finally, Citigroup lowered their target price on The Carlyle Group from $55.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $51.73.

The Carlyle Group Price Performance

Shares of NASDAQ CG opened at $42.04 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32. The firm’s 50-day simple moving average is $40.35 and its 200 day simple moving average is $47.99. The stock has a market cap of $15.17 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 0.98 and a beta of 1.85. The Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $57.50.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.17. The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. The business had revenue of $973.10 million during the quarter, compared to the consensus estimate of $972.27 million. During the same quarter in the prior year, the company posted $1.01 earnings per share. The Carlyle Group’s revenue was up 2.0% compared to the same quarter last year. As a group, research analysts anticipate that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 19th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.33%. The ex-dividend date is Monday, May 19th. The Carlyle Group’s dividend payout ratio (DPR) is presently 50.36%.

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.