M&T Bank Corp Trims Stock Position in Carlyle Group Inc. (NASDAQ:CG)

M&T Bank Corp decreased its holdings in Carlyle Group Inc. (NASDAQ:CG) by 15.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,185 shares of the financial services provider’s stock after selling 918 shares during the quarter. M&T Bank Corp’s holdings in Carlyle Group were worth $226,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CG. TD Private Client Wealth LLC raised its position in Carlyle Group by 2,157.6% during the 1st quarter. TD Private Client Wealth LLC now owns 10,069 shares of the financial services provider’s stock worth $439,000 after buying an additional 9,623 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Carlyle Group by 14.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 557,575 shares of the financial services provider’s stock worth $24,305,000 after purchasing an additional 70,156 shares during the period. Catalyst Capital Advisors LLC grew its stake in shares of Carlyle Group by 83.3% during the 1st quarter. Catalyst Capital Advisors LLC now owns 11,000 shares of the financial services provider’s stock worth $479,000 after purchasing an additional 5,000 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. grew its stake in shares of Carlyle Group by 3.3% during the 1st quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 83,455 shares of the financial services provider’s stock worth $3,638,000 after purchasing an additional 2,635 shares during the period. Finally, IFM Investors Pty Ltd grew its stake in shares of Carlyle Group by 1.9% during the 1st quarter. IFM Investors Pty Ltd now owns 46,829 shares of the financial services provider’s stock worth $2,016,000 after purchasing an additional 884 shares during the period. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Carlyle Group Stock Up 0.1%

Shares of NASDAQ:CG opened at $60.17 on Friday. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 1.56. The company has a fifty day simple moving average of $49.59 and a 200 day simple moving average of $47.28. The firm has a market cap of $21.73 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 1.15 and a beta of 1.86. Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month high of $60.64.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.17. The business had revenue of $973.10 million during the quarter, compared to analyst estimates of $972.27 million. Carlyle Group had a net margin of 19.00% and a return on equity of 23.78%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.01 earnings per share. On average, equities research analysts anticipate that Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.33%. Carlyle Group’s dividend payout ratio (DPR) is presently 47.46%.

Wall Street Analyst Weigh In

CG has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their price target on shares of Carlyle Group from $49.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Friday, July 11th. TD Cowen upgraded shares of Carlyle Group from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a report on Wednesday, May 14th. Cowen upgraded shares of Carlyle Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 14th. Barclays restated an “overweight” rating and set a $64.00 target price (up from $49.00) on shares of Carlyle Group in a report on Thursday, July 10th. Finally, Evercore ISI lifted their price target on shares of Carlyle Group from $45.00 to $58.00 and gave the stock an “in-line” rating in a report on Thursday, July 10th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Carlyle Group presently has an average rating of “Hold” and a consensus target price of $57.73.

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.