The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Twin Capital Management Inc.

Twin Capital Management Inc. decreased its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,235 shares of the financial services provider’s stock after selling 976 shares during the quarter. Twin Capital Management Inc.’s holdings in The Carlyle Group were worth $2,536,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Verition Fund Management LLC purchased a new position in The Carlyle Group during the third quarter worth approximately $316,000. Benjamin Edwards Inc. raised its position in shares of The Carlyle Group by 2,584.2% in the 3rd quarter. Benjamin Edwards Inc. now owns 18,011 shares of the financial services provider’s stock worth $775,000 after buying an additional 17,340 shares during the period. HighTower Advisors LLC boosted its holdings in The Carlyle Group by 1.1% in the third quarter. HighTower Advisors LLC now owns 39,421 shares of the financial services provider’s stock valued at $1,701,000 after acquiring an additional 415 shares during the last quarter. Janus Henderson Group PLC increased its stake in The Carlyle Group by 116.0% during the third quarter. Janus Henderson Group PLC now owns 18,994 shares of the financial services provider’s stock worth $818,000 after acquiring an additional 10,200 shares during the last quarter. Finally, Investment Management Corp of Ontario raised its holdings in shares of The Carlyle Group by 48.0% in the 3rd quarter. Investment Management Corp of Ontario now owns 7,709 shares of the financial services provider’s stock worth $332,000 after purchasing an additional 2,500 shares during the period. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CG. Evercore ISI raised their price target on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a report on Wednesday, February 12th. Bank of America cut their target price on shares of The Carlyle Group from $47.00 to $46.00 and set an “underperform” rating on the stock in a research note on Friday. Wells Fargo & Company lowered their price target on The Carlyle Group from $54.00 to $48.00 and set an “equal weight” rating for the company in a report on Thursday, March 20th. Barclays reduced their price objective on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Finally, Wolfe Research upgraded shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective on the stock in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, The Carlyle Group currently has a consensus rating of “Hold” and an average target price of $54.00.

The Carlyle Group Trading Down 7.3 %

NASDAQ CG opened at $35.89 on Monday. The firm has a market capitalization of $12.96 billion, a PE ratio of 12.91, a price-to-earnings-growth ratio of 0.98 and a beta of 1.72. The Carlyle Group Inc. has a one year low of $30.67 and a one year high of $57.50. The company has a 50-day simple moving average of $47.81 and a 200-day simple moving average of $49.61. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32.

The Carlyle Group (NASDAQ:CG) last announced 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 return on equity of 24.02% and a net margin of 18.81%. On average, equities analysts forecast that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.40 annualized dividend and a dividend yield of 3.90%. 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.