LGT Capital Partners LTD. Sells 175,000 Shares of The Carlyle Group Inc. (NASDAQ:CG)

LGT Capital Partners LTD. decreased its position in The Carlyle Group Inc. (NASDAQ:CG) by 19.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 741,000 shares of the financial services provider’s stock after selling 175,000 shares during the period. The Carlyle Group accounts for 1.4% of LGT Capital Partners LTD.’s portfolio, making the stock its 24th largest position. LGT Capital Partners LTD. owned 0.21% of The Carlyle Group worth $37,413,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in The Carlyle Group in the fourth quarter valued at about $25,000. National Pension Service bought a new position in The Carlyle Group in the fourth quarter valued at 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 worth $27,000 after buying an additional 327 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in The Carlyle Group by 253.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock worth $29,000 after buying an additional 405 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in The Carlyle Group during the third quarter worth about $33,000. Institutional investors own 55.88% of the company’s stock.

The Carlyle Group Stock Down 1.3 %

Shares of The Carlyle Group stock opened at $43.00 on Friday. The business’s 50 day simple moving average is $51.85 and its 200 day simple moving average is $49.06. The Carlyle Group Inc. has a 52-week low of $36.65 and a 52-week high of $57.50. The firm has a market cap of $15.53 billion, a PE ratio of 15.47, a P/E/G ratio of 0.98 and a beta of 1.73. 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 Carlyle Group (NASDAQ:CG) last announced its earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) 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, analysts predict that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.35 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a yield of 3.26%. The Carlyle Group’s dividend payout ratio is 50.36%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CG shares. Oppenheimer raised their target price on The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Barclays reduced their target price on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Evercore ISI raised their target price 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. Wells Fargo & Company dropped their price target on The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Finally, StockNews.com lowered The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, The Carlyle Group presently has a consensus rating of “Hold” and a consensus target price of $54.93.

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.