Skandinaviska Enskilda Banken AB publ Lowers Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

Skandinaviska Enskilda Banken AB publ lessened its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 2.7% during the 4th quarter, Holdings Channel reports. The firm owned 158,194 shares of the financial services provider’s stock after selling 4,400 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in The Carlyle Group were worth $7,990,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its stake in The Carlyle Group by 171.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,063 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 671 shares during the period. HighTower Advisors LLC increased its stake in The Carlyle Group by 8.9% in the 4th quarter. HighTower Advisors LLC now owns 42,915 shares of the financial services provider’s stock worth $2,167,000 after acquiring an additional 3,494 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in The Carlyle Group in the 4th quarter worth approximately $1,508,000. Amundi raised its holdings in The Carlyle Group by 33.6% during the 4th quarter. Amundi now owns 2,364,231 shares of the financial services provider’s stock valued at $123,673,000 after buying an additional 594,661 shares during the period. Finally, Machina Capital S.A.S. bought a new stake in shares of The Carlyle Group in the 4th quarter worth about $671,000. Institutional investors own 55.88% of the company’s stock.

The Carlyle Group Price Performance

Shares of NASDAQ CG opened at $42.36 on Friday. The firm has a market cap of $15.30 billion, a PE ratio of 15.24, a PEG ratio of 0.98 and a beta of 1.73. The firm has a fifty day moving average of $50.89 and a 200 day moving average of $49.10. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32. The Carlyle Group Inc. has a one year low of $36.65 and a one year high of $57.50.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. As a group, research analysts predict that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group’s payout ratio is 50.36%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wolfe Research upgraded shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a report on Friday, January 3rd. Barclays cut their price objective on shares of The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. StockNews.com downgraded shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Evercore ISI lifted their price objective on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company decreased their price objective on shares of The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $54.93.

The Carlyle Group Company 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.