Kestra Private Wealth Services LLC Sells 1,990 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Kestra Private Wealth Services LLC reduced its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,611 shares of the financial services provider’s stock after selling 1,990 shares during the period. Kestra Private Wealth Services LLC’s holdings in The Carlyle Group were worth $1,327,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. New York State Teachers Retirement System bought a new position in shares of The Carlyle Group in the fourth quarter valued at $1,349,000. Mutual of America Capital Management LLC acquired a new position in shares of The Carlyle Group during the 4th quarter worth about $5,410,000. SG Americas Securities LLC lifted its stake in The Carlyle Group by 347.1% in the 4th quarter. SG Americas Securities LLC now owns 111,957 shares of the financial services provider’s stock valued at $4,556,000 after purchasing an additional 86,914 shares during the last quarter. Pacer Advisors Inc. acquired a new position in The Carlyle Group during the fourth quarter worth approximately $1,324,000. Finally, Xponance Inc. raised its stake in The Carlyle Group by 245.8% in the fourth quarter. Xponance Inc. now owns 26,338 shares of the financial services provider’s stock valued at $1,072,000 after buying an additional 18,722 shares during the period. 55.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CG shares. TheStreet lowered shares of The Carlyle Group from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. JMP Securities boosted their price objective on The Carlyle Group from $52.00 to $58.00 and gave the stock a “market outperform” rating in a report on Thursday, February 8th. Morgan Stanley increased their target price on The Carlyle Group from $34.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $48.00 price objective (down from $50.00) on shares of The Carlyle Group in a report on Thursday. Finally, 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 report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $44.25.

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. acquired 190,000 shares of The Carlyle Group stock in a transaction on Thursday, February 8th. The stock was purchased at an average price of $12.95 per share, with a total value of $2,460,500.00. Following the completion of the purchase, the insider now owns 1,066,189 shares of the company’s stock, valued at approximately $13,807,147.55. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 27.20% of the company’s stock.

The Carlyle Group Trading Up 1.2 %

Shares of CG stock opened at $41.06 on Friday. The stock has a 50-day moving average of $45.82 and a 200-day moving average of $39.94. The company has a current ratio of 2.53, a quick ratio of 2.27 and a debt-to-equity ratio of 1.53. The stock has a market cap of $14.87 billion, a price-to-earnings ratio of -22.94, a PEG ratio of 0.87 and a beta of 1.77. The Carlyle Group Inc. has a 1-year low of $25.20 and a 1-year high of $48.52.

The Carlyle Group (NASDAQ:CG) last announced its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.09. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $986.10 million. During the same quarter last year, the firm earned $0.63 earnings per share. The Carlyle Group’s quarterly revenue was up 35.6% on a year-over-year basis. On average, equities research analysts forecast that The Carlyle Group Inc. will post 3.97 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 14th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.41%. The ex-dividend date is Monday, May 13th. The Carlyle Group’s dividend payout ratio (DPR) is currently -78.21%.

About The Carlyle Group

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.