Ameriprise Financial Inc. Reduces Position in The Carlyle Group Inc. (NASDAQ:CG)

Ameriprise Financial Inc. trimmed its position in The Carlyle Group Inc. (NASDAQ:CGFree Report) by 2.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 3,595,559 shares of the financial services provider’s stock after selling 88,131 shares during the period. Ameriprise Financial Inc.’s holdings in The Carlyle Group were worth $108,440,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of CG. Ariel Investments LLC lifted its position in shares of The Carlyle Group by 16.9% during the 3rd quarter. Ariel Investments LLC now owns 6,364,528 shares of the financial services provider’s stock valued at $191,954,000 after buying an additional 918,114 shares in the last quarter. Glenmede Trust Co. NA purchased a new position in shares of The Carlyle Group during the 3rd quarter valued at about $336,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of The Carlyle Group during the 3rd quarter valued at about $990,000. Tower Research Capital LLC TRC lifted its position in shares of The Carlyle Group by 233.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 28,695 shares of the financial services provider’s stock valued at $865,000 after buying an additional 20,095 shares in the last quarter. Finally, Synovus Financial Corp bought a new stake in The Carlyle Group during the 3rd quarter valued at approximately $445,000. 55.88% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, major shareholder Carlyle Group Inc. purchased 190,000 shares of The Carlyle Group stock in a transaction dated Thursday, February 8th. The stock was purchased at an average cost of $12.95 per share, with a total value of $2,460,500.00. Following the transaction, the insider now owns 1,066,189 shares in the company, valued at approximately $13,807,147.55. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 27.00% of the company’s stock.

Wall Street Analyst Weigh In

CG has been the topic of several recent analyst reports. Barclays lifted their target price on The Carlyle Group from $53.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Citigroup lifted their target price on The Carlyle Group from $41.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Evercore ISI downgraded The Carlyle Group from an “outperform” rating to an “in-line” rating and set a $32.00 target price on the stock. in a research note on Wednesday, November 29th. JMP Securities lifted their price objective on The Carlyle Group from $52.00 to $58.00 and gave the stock a “market outperform” rating in a research note on Thursday, February 8th. Finally, TheStreet downgraded The Carlyle Group from a “b-” rating to a “c” rating in a research note on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $41.93.

Check Out Our Latest Analysis on The Carlyle Group

The Carlyle Group Trading Up 2.0 %

CG opened at $47.62 on Friday. The business has a fifty day moving average of $42.15 and a 200 day moving average of $35.81. The Carlyle Group Inc. has a 52-week low of $25.20 and a 52-week high of $47.88. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.27 and a current ratio of 2.27.

The Carlyle Group (NASDAQ:CGGet Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.08. The Carlyle Group had a positive return on equity of 19.74% and a negative net margin of 20.53%. The company had revenue of $896.40 million during the quarter, compared to analysts’ expectations of $860.68 million. During the same quarter in the previous year, the business earned $1.01 EPS. The Carlyle Group’s revenue was down 15.4% compared to the same quarter last year. As a group, equities analysts predict that The Carlyle Group Inc. will post 3.87 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 23rd were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend was Thursday, February 22nd. The Carlyle Group’s dividend payout ratio is -82.84%.

The Carlyle Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for The Carlyle Group (NASDAQ:CG)

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