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

Kestra Private Wealth Services LLC lowered its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 5.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 32,611 shares of the financial services provider’s stock after selling 1,990 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in The Carlyle Group were worth $1,327,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. CVA Family Office LLC purchased a new stake in shares of The Carlyle Group during the fourth quarter valued at approximately $35,000. GAMMA Investing LLC bought a new stake in The Carlyle Group in the 4th quarter worth $38,000. Clear Street Markets LLC bought a new position in shares of The Carlyle Group during the third quarter valued at about $50,000. Fifth Third Bancorp boosted its holdings in shares of The Carlyle Group by 25.6% during the fourth quarter. Fifth Third Bancorp now owns 2,191 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 446 shares during the period. Finally, Ramirez Asset Management Inc. purchased a new position in The Carlyle Group during the 3rd quarter valued at about $84,000. 55.88% of the stock is owned by institutional investors.

Insider Buying and Selling

In other The Carlyle Group news, major shareholder Carlyle Group Inc. purchased 190,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were acquired at an average cost of $12.95 per share, with a total value of $2,460,500.00. Following the completion of the acquisition, the insider now directly owns 1,066,189 shares in the company, valued at $13,807,147.55. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 27.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CG has been the subject of several research analyst reports. UBS Group increased their price objective on The Carlyle Group from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Morgan Stanley raised their price target 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. Citigroup upped their price objective on shares of The Carlyle Group from $41.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. TD Cowen cut their target price on shares of The Carlyle Group from $49.00 to $45.00 and set a “hold” rating on the stock in a research note on Thursday. Finally, TheStreet cut The Carlyle Group from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $44.25.

The Carlyle Group Price Performance

NASDAQ CG opened at $41.06 on Friday. The company has a 50-day moving average price of $45.82 and a 200-day moving average price of $39.94. The Carlyle Group Inc. has a 52 week low of $25.20 and a 52 week high of $48.52. The company has a quick ratio of 2.27, a current ratio of 2.53 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of $14.87 billion, a P/E ratio of -22.94, a PEG ratio of 0.87 and a beta of 1.77.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $986.10 million. During the same period last year, the firm earned $0.63 earnings per share. The company’s quarterly revenue was up 35.6% on a year-over-year basis. Equities research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th will be paid a dividend of $0.35 per share. The ex-dividend date is Monday, May 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.41%. The Carlyle Group’s dividend payout ratio (DPR) is presently -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.