New York Life Investment Management LLC Cuts Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

New York Life Investment Management LLC decreased its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,262 shares of the financial services provider’s stock after selling 1,165 shares during the quarter. New York Life Investment Management LLC’s holdings in The Carlyle Group were worth $1,225,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. National Pension Service purchased a new stake in The Carlyle Group in the fourth quarter worth approximately $25,000. Golden State Wealth Management LLC purchased a new stake in The Carlyle Group in the fourth quarter worth approximately $25,000. Valley National Advisers Inc. boosted its stake in The Carlyle Group by 149.3% in the fourth quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock worth $27,000 after buying an additional 327 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of The Carlyle Group by 253.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 405 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in shares of The Carlyle Group during the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CG. StockNews.com lowered The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Wells Fargo & Company dropped their price objective 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. Keefe, Bruyette & Woods increased their price objective on The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday, November 8th. Oppenheimer increased their price objective 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. Finally, Evercore ISI increased their price objective 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. One 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. According to MarketBeat.com, The Carlyle Group has an average rating of “Hold” and a consensus target price of $54.93.

The Carlyle Group Trading Down 3.2 %

NASDAQ CG opened at $48.27 on Tuesday. The stock’s fifty day moving average price is $52.40 and its 200-day moving average price is $49.02. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.42. The Carlyle Group Inc. has a 12 month low of $36.65 and a 12 month high of $57.50. The stock has a market cap of $17.27 billion, a P/E ratio of 17.36, a P/E/G ratio of 0.98 and a beta of 1.70.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. As a group, equities analysts forecast that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group’s dividend payout ratio (DPR) is presently 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.