The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 1.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 111,475 shares of the financial services provider’s stock after selling 2,163 shares during the quarter. Mutual of America Capital Management LLC’s holdings in The Carlyle Group were worth $5,628,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CG. Creative Planning boosted its position in The Carlyle Group by 7.4% during the 3rd quarter. Creative Planning now owns 12,787 shares of the financial services provider’s stock worth $551,000 after acquiring an additional 882 shares during the period. State of Alaska Department of Revenue raised its stake in shares of The Carlyle Group by 4.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 24,425 shares of the financial services provider’s stock worth $1,051,000 after buying an additional 940 shares in the last quarter. abrdn plc raised its stake in shares of The Carlyle Group by 58.5% in the 3rd quarter. abrdn plc now owns 71,044 shares of the financial services provider’s stock worth $3,059,000 after buying an additional 26,228 shares in the last quarter. US Bancorp DE raised its stake in shares of The Carlyle Group by 1.3% in the 3rd quarter. US Bancorp DE now owns 77,874 shares of the financial services provider’s stock worth $3,353,000 after buying an additional 962 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of The Carlyle Group by 96.4% in the 3rd quarter. Van ECK Associates Corp now owns 152,697 shares of the financial services provider’s stock worth $6,575,000 after buying an additional 74,958 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Stock Down 3.2 %

NASDAQ:CG opened at $48.27 on Tuesday. The firm has a market capitalization of $17.27 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 0.98 and a beta of 1.70. The Carlyle Group Inc. has a 1-year low of $36.65 and a 1-year high of $57.50. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.42. The business’s fifty day moving average price is $52.40 and its 200 day moving average price is $49.02.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. On average, sell-side analysts forecast that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a yield of 2.90%. The Carlyle Group’s dividend payout ratio (DPR) is currently 50.36%.

Wall Street Analyst Weigh In

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

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.