Handelsbanken Fonder AB Decreases Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Handelsbanken Fonder AB lessened its stake in The Carlyle Group Inc. (NASDAQ:CG) by 8.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 57,300 shares of the financial services provider’s stock after selling 5,500 shares during the quarter. Handelsbanken Fonder AB’s holdings in The Carlyle Group were worth $2,893,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. FMR LLC grew its stake in shares of The Carlyle Group by 72.8% in the 3rd quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock valued at $174,469,000 after buying an additional 1,707,520 shares during the period. Massachusetts Financial Services Co. MA increased its stake in The Carlyle Group by 22.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,107,301 shares of the financial services provider’s stock worth $90,740,000 after acquiring an additional 391,553 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of The Carlyle Group by 68.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock valued at $82,651,000 after purchasing an additional 777,304 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of The Carlyle Group by 2.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,206 shares of the financial services provider’s stock worth $60,508,000 after purchasing an additional 36,549 shares during the period. Finally, Private Management Group Inc. raised its holdings in The Carlyle Group by 16.8% in the 3rd quarter. Private Management Group Inc. now owns 704,150 shares of the financial services provider’s stock valued at $30,321,000 after buying an additional 101,268 shares during the period. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Trading Down 0.9 %

NASDAQ CG opened at $49.43 on Tuesday. The Carlyle Group Inc. has a 52 week low of $36.65 and a 52 week high of $57.50. The firm has a 50 day moving average of $52.50 and a two-hundred day moving average of $48.72. The stock has a market capitalization of $17.68 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 0.98 and a beta of 1.70. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42.

The Carlyle Group (NASDAQ:CG) last posted 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%. As a group, research analysts expect that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a yield of 2.83%. The Carlyle Group’s payout ratio is currently 50.36%.

Analysts Set New Price Targets

CG has been the subject of several research analyst reports. Evercore ISI increased their target price 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. Wells Fargo & Company dropped their target price on shares of The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. StockNews.com cut The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Wolfe Research raised The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a research note on Friday, January 3rd. Finally, Barclays lowered their target price on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $54.93.

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.