Hennion & Walsh Asset Management Inc. Has $1.35 Million Stake in The Carlyle Group Inc. (NASDAQ:CG)

Hennion & Walsh Asset Management Inc. decreased its stake in The Carlyle Group Inc. (NASDAQ:CG) by 27.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,018 shares of the financial services provider’s stock after selling 11,938 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in The Carlyle Group were worth $1,352,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in CG. Korea Investment CORP raised its position 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. raised its position in The Carlyle Group by 9.7% in the 4th quarter. Invesco Ltd. now owns 650,735 shares of the financial services provider’s stock valued at $32,856,000 after buying an additional 57,606 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in The Carlyle Group by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,406,201 shares of the financial services provider’s stock valued at $70,999,000 after buying an additional 14,024 shares during the last quarter. Orion Portfolio Solutions LLC acquired a new stake in The Carlyle Group in the 4th quarter valued at approximately $425,000. Finally, Allstate Corp acquired a new stake in The Carlyle Group in the 4th quarter valued at approximately $338,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CG. Wall Street Zen lowered The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Wells Fargo & Company lifted their target price on The Carlyle Group from $45.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Friday, May 23rd. Barclays lifted their price target on The Carlyle Group from $43.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. TD Cowen raised The Carlyle Group from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a report on Wednesday, May 14th. Finally, Morgan Stanley dropped their price objective on The Carlyle Group from $57.00 to $44.00 and set an “equal weight” rating for the company in a report on Monday, April 14th. Two analysts have 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, the company has an average rating of “Hold” and an average price target of $53.00.

The Carlyle Group Trading Up 2.3%

Shares of CG stock opened at $46.28 on Friday. The firm has a market capitalization of $16.71 billion, a P/E ratio of 16.65, a P/E/G ratio of 0.98 and a beta of 1.85. The Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $57.50. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42. The stock’s fifty day simple moving average is $41.21 and its 200 day simple moving average is $47.26.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Friday, May 9th. The financial services provider reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $972.27 million. During the same quarter in the previous year, the company posted $1.01 EPS. The Carlyle Group’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts predict that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were given a $0.35 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.03%. The Carlyle Group’s dividend payout ratio (DPR) is presently 47.46%.

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.