Janney Montgomery Scott LLC Sells 26,678 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Janney Montgomery Scott LLC trimmed its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG – Get Rating) by 22.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 91,610 shares of the financial services provider’s stock after selling 26,678 shares during the period. Janney Montgomery Scott LLC’s holdings in The Carlyle Group were worth $2,367,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of Nova Scotia increased its position in shares of The Carlyle Group by 345.4% during the 2nd quarter. Bank of Nova Scotia now owns 2,466,850 shares of the financial services provider’s stock worth $78,100,000 after purchasing an additional 1,912,977 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of The Carlyle Group by 1,026.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,068,346 shares of the financial services provider’s stock worth $65,484,000 after purchasing an additional 1,884,732 shares in the last quarter. BlackRock Inc. increased its position in shares of The Carlyle Group by 7.2% during the 1st quarter. BlackRock Inc. now owns 15,257,115 shares of the financial services provider’s stock worth $746,227,000 after purchasing an additional 1,020,504 shares in the last quarter. Polaris Capital Management LLC acquired a new stake in shares of The Carlyle Group during the 2nd quarter worth about $31,163,000. Finally, National Bank of Canada FI increased its position in shares of The Carlyle Group by 9,239.3% during the 2nd quarter. National Bank of Canada FI now owns 957,180 shares of the financial services provider’s stock worth $30,304,000 after purchasing an additional 946,931 shares in the last quarter. 52.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of The Carlyle Group from $53.00 to $45.00 and set an “overweight” rating for the company in a research report on Tuesday, October 18th. Oppenheimer raised their price objective on shares of The Carlyle Group to $60.00 in a research report on Wednesday, December 14th. Credit Suisse Group set a $36.00 price objective on shares of The Carlyle Group in a research report on Wednesday, November 23rd. BMO Capital Markets lowered their price objective on shares of The Carlyle Group from $57.00 to $50.00 and set an “outperform” rating for the company in a research report on Thursday, November 10th. Finally, Bank of America restated an “underperform” rating and issued a $34.00 price objective on shares of The Carlyle Group in a research report on Thursday, October 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $38.38.

The Carlyle Group Stock Up 0.5 %

Shares of NASDAQ CG opened at $33.53 on Friday. The stock has a market cap of $12.19 billion, a P/E ratio of 7.01 and a beta of 1.68. The firm has a 50 day moving average price of $29.92 and a 200 day moving average price of $30.85. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.59 and a current ratio of 2.60. The Carlyle Group Inc. has a 52-week low of $24.59 and a 52-week high of $54.06.

The Carlyle Group (NASDAQ:CG – Get Rating) last released its quarterly earnings results on Tuesday, November 8th. The financial services provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.38. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.08 billion. The Carlyle Group had a net margin of 30.52% and a return on equity of 36.19%. Analysts expect that The Carlyle Group Inc. will post 4.26 EPS for the current year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 25th. Stockholders of record on Friday, November 18th were issued a $0.325 dividend. This represents a $1.30 annualized dividend and a dividend yield of 3.88%. The ex-dividend date was Thursday, November 17th. The Carlyle Group’s dividend payout ratio (DPR) is presently 27.20%.

The Carlyle Group Company Profile

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The Carlyle Group, Inc engages in multi-product global alternative asset management. It operates through the following segments: Corporate Private Equity, Real Assets, Global Credit, and Investment Solutions. The Corporate Private Equity segment focuses on buyout, and growth capital funds, which pursue a variety of corporate investments of different sizes and growth potentials.