Channing Capital Management LLC Lowers Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Channing Capital Management LLC lowered its position in The Carlyle Group Inc. (NASDAQ:CG) by 1.2% during the 4th quarter, HoldingsChannel reports. The firm owned 215,970 shares of the financial services provider’s stock after selling 2,732 shares during the period. Channing Capital Management LLC’s holdings in The Carlyle Group were worth $10,904,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in shares of The Carlyle Group during the 4th quarter worth $25,000. National Pension Service bought a new stake in The Carlyle Group during the fourth quarter worth about $25,000. Valley National Advisers Inc. boosted its holdings in shares of The Carlyle Group by 149.3% in the 4th quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 327 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of The Carlyle Group by 253.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock valued at $29,000 after buying an additional 405 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in The Carlyle Group in the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Price Performance

Shares of CG stock opened at $40.03 on Tuesday. The Carlyle Group Inc. has a twelve month low of $36.65 and a twelve month high of $57.50. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42. The business’s fifty day moving average is $51.64 and its 200 day moving average is $49.13. The stock has a market cap of $14.46 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 0.98 and a beta of 1.73.

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 (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. Research analysts expect that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.40 annualized dividend and a dividend yield of 3.50%. The Carlyle Group’s dividend payout ratio (DPR) is presently 50.36%.

Analyst Ratings Changes

Several analysts have issued reports on CG shares. Oppenheimer upped their price target on shares of The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Wells Fargo & Company reduced their price target 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. Evercore ISI increased their price objective on 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. Barclays decreased their target price on shares of The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Finally, StockNews.com lowered shares of The Carlyle Group from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus 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.