The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC cut its stake in The Carlyle Group Inc. (NASDAQ:CG) by 21.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 64,049 shares of the financial services provider’s stock after selling 17,403 shares during the period. The Carlyle Group makes up 0.7% of Legacy Capital Wealth Partners LLC’s investment portfolio, making the stock its 25th largest position. Legacy Capital Wealth Partners LLC’s holdings in The Carlyle Group were worth $2,606,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of CG. William Blair Investment Management LLC lifted its position in The Carlyle Group by 65.9% during the third quarter. William Blair Investment Management LLC now owns 8,877,428 shares of the financial services provider’s stock valued at $267,743,000 after buying an additional 3,524,794 shares in the last quarter. Ariel Investments LLC raised its stake in shares of The Carlyle Group by 16.9% during the third quarter. Ariel Investments LLC now owns 6,364,528 shares of the financial services provider’s stock valued at $191,954,000 after purchasing an additional 918,114 shares during the period. FMR LLC raised its stake in shares of The Carlyle Group by 11.0% during the third quarter. FMR LLC now owns 2,134,653 shares of the financial services provider’s stock valued at $64,381,000 after purchasing an additional 211,210 shares during the period. Northern Trust Corp raised its stake in shares of The Carlyle Group by 1.3% during the third quarter. Northern Trust Corp now owns 1,571,464 shares of the financial services provider’s stock valued at $47,395,000 after purchasing an additional 20,915 shares during the period. Finally, LGT Capital Partners LTD. increased its stake in shares of The Carlyle Group by 1.5% in the fourth quarter. LGT Capital Partners LTD. now owns 1,420,500 shares of the financial services provider’s stock worth $57,800,000 after buying an additional 20,500 shares during the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

The Carlyle Group Price Performance

CG stock traded up $0.49 during trading on Friday, hitting $46.11. The company had a trading volume of 788,959 shares, compared to its average volume of 1,841,456. The firm has a market capitalization of $16.70 billion, a price-to-earnings ratio of -27.28, a P/E/G ratio of 0.98 and a beta of 1.79. The business has a 50 day moving average of $45.94 and a 200 day moving average of $39.64. The Carlyle Group Inc. has a fifty-two week low of $25.20 and a fifty-two week high of $48.52. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.52.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.08. The Carlyle Group had a negative net margin of 20.53% and a positive return on equity of 19.74%. The company had revenue of $896.40 million during the quarter, compared to the consensus estimate of $860.68 million. During the same period in the prior year, the company earned $1.01 EPS. The Carlyle Group’s revenue was down 15.4% on a year-over-year basis. As a group, research analysts predict that The Carlyle Group Inc. will post 3.97 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 23rd were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date was Thursday, February 22nd. The Carlyle Group’s payout ratio is -82.84%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CG. Citigroup lifted their price target on shares of The Carlyle Group from $41.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. UBS Group boosted their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. JPMorgan Chase & Co. boosted their target price on shares of The Carlyle Group from $39.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Morgan Stanley boosted their target price on shares of The Carlyle Group from $34.00 to $40.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Finally, JMP Securities boosted their target price on shares of The Carlyle Group from $52.00 to $58.00 and gave the company a “market outperform” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $43.07.

Insider Buying and Selling at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. acquired 190,000 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were purchased at an average price of $12.95 per share, for a total transaction of $2,460,500.00. Following the acquisition, the insider now owns 1,066,189 shares in the company, valued at $13,807,147.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 27.00% of the stock is owned by corporate insiders.

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.