Oppenheimer & Co. Inc. Decreases Stake in The Carlyle Group Inc. (NASDAQ:CG)

Oppenheimer & Co. Inc. lowered its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 4.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 327,869 shares of the financial services provider’s stock after selling 14,543 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.09% of The Carlyle Group worth $16,554,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in The Carlyle Group by 68.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock worth $82,651,000 after acquiring an additional 777,304 shares during the period. Sargent Investment Group LLC boosted its holdings in The Carlyle Group by 6.5% in the 4th quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider’s stock worth $15,283,000 after acquiring an additional 18,537 shares during the period. Franklin Street Advisors Inc. NC purchased a new position in The Carlyle Group in the 4th quarter worth approximately $17,671,000. Empowered Funds LLC boosted its holdings in The Carlyle Group by 443.1% in the 3rd quarter. Empowered Funds LLC now owns 157,674 shares of the financial services provider’s stock worth $6,789,000 after acquiring an additional 128,644 shares during the period. Finally, Blue Trust Inc. boosted its holdings in The Carlyle Group by 26.9% in the 4th quarter. Blue Trust Inc. now owns 2,423 shares of the financial services provider’s stock worth $122,000 after acquiring an additional 514 shares during the period. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on CG shares. Wolfe Research upgraded The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 target price for the company in a research note on Friday, January 3rd. Oppenheimer increased their target price on The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Evercore ISI increased their target price on The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a research note on Wednesday, February 12th. Wells Fargo & Company reduced their target price on The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Finally, StockNews.com cut The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, The Carlyle Group presently has a consensus rating of “Hold” and a consensus target price of $54.93.

The Carlyle Group Price Performance

Shares of NASDAQ CG opened at $49.61 on Thursday. The Carlyle Group Inc. has a 1-year low of $36.65 and a 1-year high of $57.50. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32. The business’s fifty day moving average price is $52.45 and its two-hundred day moving average price is $48.79. The firm has a market capitalization of $17.74 billion, a PE ratio of 17.85, a P/E/G ratio of 0.98 and a beta of 1.70.

The Carlyle Group (NASDAQ:CG) last issued its quarterly 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 18.81% and a return on equity of 24.02%. On average, research analysts expect that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Friday, February 21st. The Carlyle Group’s dividend payout ratio is currently 50.36%.

The Carlyle Group Company 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.