Retirement Planning Co of New England Inc. Sells 641 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Retirement Planning Co of New England Inc. reduced its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 5.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,259 shares of the financial services provider’s stock after selling 641 shares during the quarter. Retirement Planning Co of New England Inc.’s holdings in The Carlyle Group were worth $518,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. William Blair Investment Management LLC boosted its holdings in shares of The Carlyle Group by 15.5% in the 4th quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider’s stock valued at $668,990,000 after buying an additional 1,773,465 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of The Carlyle Group by 48.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,592 shares of the financial services provider’s stock valued at $636,000 after buying an additional 4,132 shares during the last quarter. one8zero8 LLC acquired a new stake in shares of The Carlyle Group in the 4th quarter valued at approximately $3,870,000. Natixis Advisors LLC boosted its holdings in shares of The Carlyle Group by 260.2% in the 4th quarter. Natixis Advisors LLC now owns 53,878 shares of the financial services provider’s stock valued at $2,720,000 after buying an additional 38,919 shares during the last quarter. Finally, Wellington Shields & Co. LLC boosted its holdings in shares of The Carlyle Group by 32.7% in the 4th quarter. Wellington Shields & Co. LLC now owns 2,315 shares of the financial services provider’s stock valued at $117,000 after buying an additional 570 shares during the last quarter. 55.88% of the stock is owned by institutional investors.

The Carlyle Group Stock Up 3.0 %

Shares of NASDAQ CG opened at $43.64 on Tuesday. 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 52 week low of $36.65 and a 52 week high of $57.50. The stock has a market capitalization of $15.76 billion, a P/E ratio of 15.70, a PEG ratio of 0.98 and a beta of 1.73. The stock’s fifty day moving average is $50.70 and its 200 day moving average is $49.19.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 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%. 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 business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group’s payout ratio is currently 50.36%.

Analysts Set New Price Targets

Several research firms have recently commented on CG. Wells Fargo & Company cut their price objective on The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Barclays cut their price target on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. StockNews.com downgraded The Carlyle Group from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Wolfe Research raised The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target for the company in a report on Friday, January 3rd. Finally, Evercore ISI raised their price target on The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, The Carlyle Group currently has an average rating of “Hold” and a consensus target price 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.