Thrivent Financial for Lutherans Sells 125,857 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Thrivent Financial for Lutherans trimmed its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 24.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 391,130 shares of the financial services provider’s stock after selling 125,857 shares during the period. Thrivent Financial for Lutherans owned approximately 0.11% of The Carlyle Group worth $19,748,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CG. CIBC Asset Management Inc lifted its stake in shares of The Carlyle Group by 4.9% in the third quarter. CIBC Asset Management Inc now owns 12,183 shares of the financial services provider’s stock valued at $525,000 after buying an additional 569 shares during the period. Quest Partners LLC lifted its stake in shares of The Carlyle Group by 41.3% in the third quarter. Quest Partners LLC now owns 19,142 shares of the financial services provider’s stock valued at $824,000 after buying an additional 5,591 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of The Carlyle Group in the third quarter valued at about $265,000. Segall Bryant & Hamill LLC bought a new stake in shares of The Carlyle Group in the third quarter valued at about $560,000. Finally, Moors & Cabot Inc. lifted its stake in shares of The Carlyle Group by 11.8% in the third quarter. Moors & Cabot Inc. now owns 8,553 shares of the financial services provider’s stock valued at $368,000 after buying an additional 900 shares during the period. 55.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CG. StockNews.com cut shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Evercore ISI raised their price target on shares of The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 12th. Wolfe Research upgraded shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target for the company in a research note on Friday, January 3rd. Oppenheimer cut shares of The Carlyle Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Finally, Wells Fargo & Company cut their price target on shares of The Carlyle Group from $54.00 to $48.00 and set an “equal weight” rating for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, The Carlyle Group has an average rating of “Hold” and an average price target of $54.53.

The Carlyle Group Stock Performance

Shares of The Carlyle Group stock opened at $43.81 on Friday. 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 firm has a market cap of $15.82 billion, a P/E ratio of 15.76, a P/E/G ratio of 0.98 and a beta of 1.73. The firm has a 50 day simple moving average of $50.17 and a 200 day simple moving average of $49.13. The Carlyle Group Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $57.50.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share 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%. Sell-side analysts predict that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was 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.