Empowered Funds LLC Decreases Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

Empowered Funds LLC trimmed its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 70.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,658 shares of the financial services provider’s stock after selling 111,016 shares during the quarter. Empowered Funds LLC’s holdings in The Carlyle Group were worth $2,356,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB raised its position in shares of The Carlyle Group by 8,090.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider’s stock valued at $45,000 after buying an additional 890 shares in the last quarter. Golden State Wealth Management LLC bought a new position in The Carlyle Group during the 4th quarter valued at about $25,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in The Carlyle Group by 43.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,853 shares of the financial services provider’s stock valued at $1,255,000 after purchasing an additional 7,539 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in The Carlyle Group by 1.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 509,538 shares of the financial services provider’s stock valued at $25,727,000 after purchasing an additional 7,891 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in The Carlyle Group by 41.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,257 shares of the financial services provider’s stock valued at $1,428,000 after purchasing an additional 8,326 shares during the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on CG shares. TD Cowen upped their price target on shares of The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Friday, November 8th. StockNews.com upgraded shares of The Carlyle Group from a “sell” rating to a “hold” rating in a research note on Wednesday. Barclays dropped their target price on shares of The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. upped their target price on shares of The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, UBS Group upped their target price on shares of The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $54.93.

The Carlyle Group Trading Up 1.5 %

NASDAQ:CG opened at $51.77 on Friday. The Carlyle Group Inc. has a 52 week low of $36.65 and a 52 week high of $57.50. The firm has a 50 day moving average of $52.68 and a 200 day moving average of $48.31. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $18.52 billion, a price-to-earnings ratio of 178.52, a PEG ratio of 0.92 and a beta of 1.70.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. As a group, sell-side analysts anticipate that The Carlyle Group Inc. will post 3.73 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be issued a $0.35 dividend. The ex-dividend date is Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.70%. The Carlyle Group’s dividend payout ratio is currently 50.36%.

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.