Integrated Advisors Network LLC Sells 41,817 Shares of Carlyle Group Inc. $CG

Integrated Advisors Network LLC trimmed its holdings in Carlyle Group Inc. (NASDAQ:CG) by 88.2% during the first quarter, Holdings Channel reports. The institutional investor owned 5,617 shares of the financial services provider’s stock after selling 41,817 shares during the quarter. Integrated Advisors Network LLC’s holdings in Carlyle Group were worth $272,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. AQR Capital Management LLC boosted its stake in Carlyle Group by 937.5% during the 1st quarter. AQR Capital Management LLC now owns 57,335 shares of the financial services provider’s stock valued at $2,499,000 after purchasing an additional 51,809 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Carlyle Group by 40.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,144,974 shares of the financial services provider’s stock valued at $49,909,000 after purchasing an additional 332,533 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Carlyle Group by 3.4% during the first quarter. Empowered Funds LLC now owns 48,237 shares of the financial services provider’s stock valued at $2,103,000 after buying an additional 1,579 shares during the last quarter. Focus Partners Wealth raised its position in Carlyle Group by 27.4% in the 1st quarter. Focus Partners Wealth now owns 5,434 shares of the financial services provider’s stock valued at $237,000 after buying an additional 1,169 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in Carlyle Group by 755.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 574 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Carlyle Group Stock Performance

Shares of NASDAQ CG traded up $0.53 during mid-day trading on Friday, reaching $44.71. 1,753,921 shares of the company’s stock were exchanged, compared to its average volume of 3,438,232. The firm has a 50-day moving average price of $45.33 and a two-hundred day moving average price of $51.23. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.55 and a quick ratio of 2.55. The firm has a market capitalization of $16.09 billion, a price-to-earnings ratio of 30.62, a price-to-earnings-growth ratio of 1.55 and a beta of 1.84. Carlyle Group Inc. has a 52 week low of $39.60 and a 52 week high of $69.85.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.02). The company had revenue of $750.90 million for the quarter, compared to the consensus estimate of $1.01 billion. Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. Carlyle Group’s quarterly revenue was down 28.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 EPS. Analysts predict that Carlyle Group Inc. will post 3.95 EPS for the current year.

Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were paid a dividend of $0.35 per share. The ex-dividend date was Monday, May 18th. This represents a $1.40 annualized dividend and a dividend yield of 3.1%. Carlyle Group’s dividend payout ratio (DPR) is presently 95.89%.

Analyst Ratings Changes

CG has been the topic of a number of analyst reports. Evercore set a $56.00 price objective on shares of Carlyle Group in a report on Tuesday, April 21st. Citizens Jmp dropped their price target on shares of Carlyle Group from $75.00 to $70.00 and set a “market outperform” rating on the stock in a research report on Thursday. Weiss Ratings raised shares of Carlyle Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. Cfra lowered shares of Carlyle Group to a “sell” rating and set a $45.00 price objective for the company. in a research note on Friday, May 8th. Finally, JPMorgan Chase & Co. cut their target price on Carlyle Group from $66.00 to $63.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Seven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $61.29.

About Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.