The Carlyle Group Inc. (NASDAQ:CG) Stock Position Trimmed by Sigma Planning Corp

Sigma Planning Corp cut its position in The Carlyle Group Inc. (NASDAQ:CG) by 79.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,205 shares of the financial services provider’s stock after selling 35,188 shares during the quarter. Sigma Planning Corp’s holdings in The Carlyle Group were worth $375,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. CVA Family Office LLC bought a new stake in shares of The Carlyle Group during the 4th quarter worth about $35,000. Clear Street Markets LLC bought a new stake in shares of The Carlyle Group during the 3rd quarter worth about $50,000. Ramirez Asset Management Inc. bought a new stake in shares of The Carlyle Group during the 3rd quarter worth about $84,000. Banque Cantonale Vaudoise raised its position in shares of The Carlyle Group by 25.8% during the 3rd quarter. Banque Cantonale Vaudoise now owns 2,893 shares of the financial services provider’s stock worth $87,000 after buying an additional 593 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of The Carlyle Group by 25.6% in the 4th quarter. Fifth Third Bancorp now owns 2,191 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 446 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors.

The Carlyle Group Stock Performance

Shares of CG opened at $46.11 on Friday. The company’s 50 day moving average price is $45.94 and its 200 day moving average price is $39.57. The Carlyle Group Inc. has a 52 week low of $25.20 and a 52 week high of $48.52. The company has a market capitalization of $16.70 billion, a PE ratio of -27.28, a PEG ratio of 0.98 and a beta of 1.79. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.27 and a current ratio of 2.27.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.08. The firm had revenue of $896.40 million during the quarter, compared to analysts’ expectations of $860.68 million. The Carlyle Group had a negative net margin of 20.53% and a positive return on equity of 19.74%. The company’s revenue was down 15.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.01 earnings per share. Research analysts expect that The Carlyle Group Inc. will post 3.95 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 23rd were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date was Thursday, February 22nd. The Carlyle Group’s dividend payout ratio (DPR) is presently -82.84%.

Insider Buying and Selling at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. acquired 190,000 shares of The Carlyle Group stock in a transaction dated Thursday, February 8th. The stock was acquired at an average cost of $12.95 per share, for a total transaction of $2,460,500.00. Following the completion of the purchase, the insider now owns 1,066,189 shares of the company’s stock, valued at $13,807,147.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 27.00% of the company’s stock.

Wall Street Analyst Weigh In

CG has been the topic of several recent research reports. Barclays lifted their price objective on shares of The Carlyle Group from $55.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. TheStreet cut shares of The Carlyle Group from a “b-” rating to a “c” rating in a research note on Wednesday, February 7th. TD Cowen initiated coverage on shares of The Carlyle Group in a research note on Thursday, January 4th. They issued a “market perform” rating and a $42.00 price objective on the stock. JPMorgan Chase & Co. lifted their target price on shares of The Carlyle Group from $39.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Finally, Morgan Stanley lifted their target price on shares of The Carlyle Group from $34.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $43.07.

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.