Sigma Planning Corp Trims Position in The Carlyle Group Inc. (NASDAQ:CG)

Sigma Planning Corp lessened its position in shares of The Carlyle Group Inc. (NASDAQ:CGFree Report) by 7.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,393 shares of the financial services provider’s stock after selling 3,496 shares during the quarter. Sigma Planning Corp’s holdings in The Carlyle Group were worth $1,339,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. AdvisorNet Financial Inc increased its position in The Carlyle Group by 125.5% in the third quarter. AdvisorNet Financial Inc now owns 814 shares of the financial services provider’s stock worth $25,000 after buying an additional 453 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in The Carlyle Group in the first quarter worth about $31,000. UniSuper Management Pty Ltd purchased a new stake in The Carlyle Group in the second quarter worth about $45,000. American International Group Inc. increased its position in The Carlyle Group by 27.6% in the second quarter. American International Group Inc. now owns 2,166 shares of the financial services provider’s stock worth $69,000 after buying an additional 468 shares in the last quarter. Finally, Zions Bancorporation N.A. grew its position in shares of The Carlyle Group by 141.3% during the first quarter. Zions Bancorporation N.A. now owns 2,186 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 1,280 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CG shares. Wolfe Research started coverage on The Carlyle Group in a research report on Wednesday, October 4th. They set a “market perform” rating for the company. JPMorgan Chase & Co. increased their target price on The Carlyle Group from $38.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, January 11th. Deutsche Bank Aktiengesellschaft increased their target price on The Carlyle Group from $43.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, October 11th. StockNews.com initiated coverage on The Carlyle Group in a research report on Thursday, October 5th. They set a “sell” rating for the company. Finally, Citigroup lowered The Carlyle Group from a “buy” rating to a “neutral” rating and increased their price target for the company from $40.00 to $41.00 in a research note on Friday, January 19th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, The Carlyle Group currently has an average rating of “Hold” and a consensus target price of $39.80.

View Our Latest Stock Report on CG

The Carlyle Group Price Performance

NASDAQ:CG opened at $40.76 on Wednesday. The firm has a market capitalization of $14.67 billion, a price-to-earnings ratio of 70.28 and a beta of 1.79. The Carlyle Group Inc. has a 1 year low of $25.20 and a 1 year high of $42.49. The business has a 50 day simple moving average of $38.57 and a 200-day simple moving average of $33.73. The company has a debt-to-equity ratio of 1.34, a current ratio of 2.94 and a quick ratio of 2.92.

The Carlyle Group (NASDAQ:CGGet Free Report) last posted its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.15. The Carlyle Group had a return on equity of 19.43% and a net margin of 7.65%. The business had revenue of $776.60 million during the quarter, compared to analyst estimates of $835.81 million. During the same period last year, the company earned $1.42 EPS. The company’s revenue for the quarter was down 44.6% on a year-over-year basis. Equities analysts forecast that The Carlyle Group Inc. will post 3.14 EPS for the current year.

The Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Tuesday, November 21st were issued a $0.35 dividend. The ex-dividend date of this dividend was Monday, November 20th. This represents a $1.40 annualized dividend and a dividend yield of 3.43%. The Carlyle Group’s payout ratio is 241.38%.

About The Carlyle Group

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for The Carlyle Group (NASDAQ:CG)

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