Kestra Private Wealth Services LLC Lowers Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

Kestra Private Wealth Services LLC cut its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 9.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 17,364 shares of the financial services provider’s stock after selling 1,863 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in The Carlyle Group were worth $877,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB grew its stake in shares of The Carlyle Group by 8,090.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider’s stock valued at $45,000 after buying an additional 890 shares during the period. Golden State Wealth Management LLC purchased a new stake in The Carlyle Group during the 4th quarter worth $25,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in The Carlyle Group by 43.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,853 shares of the financial services provider’s stock worth $1,255,000 after purchasing an additional 7,539 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in The Carlyle Group by 1.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 509,538 shares of the financial services provider’s stock worth $25,727,000 after purchasing an additional 7,891 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in The Carlyle Group by 41.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,257 shares of the financial services provider’s stock worth $1,428,000 after purchasing an additional 8,326 shares during the period. 55.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wolfe Research raised 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 report on Friday, January 3rd. Keefe, Bruyette & Woods upped their price target on shares of The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, November 8th. Wells Fargo & Company cut their price objective on shares of The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday. Oppenheimer boosted their price objective on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Finally, UBS Group boosted their price objective on shares of The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $54.93.

The Carlyle Group Stock Performance

Shares of The Carlyle Group stock opened at $51.03 on Friday. The firm has a market cap of $18.25 billion, a PE ratio of 175.97, a price-to-earnings-growth ratio of 0.92 and a beta of 1.70. The firm’s 50-day simple moving average is $52.71 and its 200-day simple moving average is $48.28. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The Carlyle Group Inc. has a 1 year low of $36.65 and a 1 year high of $57.50.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. Equities analysts forecast that The Carlyle Group Inc. will post 3.73 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

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 dividend of $0.35 per share. The ex-dividend date is Friday, February 21st. This represents a $1.40 annualized dividend and a yield of 2.74%. The Carlyle Group’s dividend payout ratio (DPR) is 482.76%.

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.