Wells Fargo & Company MN Sells 5,334 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Wells Fargo & Company MN trimmed its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 370,192 shares of the financial services provider’s stock after selling 5,334 shares during the period. Wells Fargo & Company MN’s holdings in The Carlyle Group were worth $18,691,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA lifted its position in shares of The Carlyle Group by 201.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,351,432 shares of the financial services provider’s stock worth $320,684,000 after purchasing an additional 4,244,131 shares in the last quarter. William Blair Investment Management LLC increased its holdings in shares of The Carlyle Group by 15.5% during the 4th quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider’s stock worth $668,990,000 after acquiring an additional 1,773,465 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in The Carlyle Group during the 4th quarter valued at $83,784,000. Norges Bank bought a new position in The Carlyle Group during the fourth quarter worth $44,532,000. Finally, JPMorgan Chase & Co. raised its position in shares of The Carlyle Group by 68.1% in the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock valued at $82,651,000 after purchasing an additional 777,304 shares during the period. 55.88% of the stock is owned by institutional investors and hedge funds.

The Carlyle Group Stock Performance

The Carlyle Group stock opened at $36.23 on Monday. The stock has a market cap of $13.09 billion, a PE ratio of 13.03, a P/E/G ratio of 0.98 and a beta of 1.72. 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 Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month high of $57.50. The business’s 50-day moving average price is $45.25 and its two-hundred day moving average price is $49.26.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data 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 return on equity of 24.02% and a net margin of 18.81%. As a group, analysts expect that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a $0.35 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.40 annualized dividend and a yield of 3.86%. The Carlyle Group’s dividend payout ratio is presently 50.36%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CG shares. StockNews.com lowered shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Oppenheimer downgraded The Carlyle Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. Wells Fargo & Company reduced their price target on The Carlyle Group from $48.00 to $39.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. JMP Securities lowered their price objective on The Carlyle Group from $62.00 to $58.00 and set a “market outperform” rating on the stock in a research report on Tuesday, April 8th. Finally, TD Cowen decreased their price target on shares of The Carlyle Group from $54.00 to $37.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $51.06.

The Carlyle Group 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.