Quantbot Technologies LP Reduces Stake in The Carlyle Group Inc. (NASDAQ:CG)

Quantbot Technologies LP lowered its stake in The Carlyle Group Inc. (NASDAQ:CG) by 41.9% in the 4th quarter, HoldingsChannel reports. The fund owned 41,032 shares of the financial services provider’s stock after selling 29,532 shares during the period. Quantbot Technologies LP’s holdings in The Carlyle Group were worth $2,072,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in The Carlyle Group by 68.1% in the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock worth $82,651,000 after purchasing an additional 777,304 shares during the last quarter. Sargent Investment Group LLC lifted its stake in The Carlyle Group by 6.5% in the fourth quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider’s stock worth $15,283,000 after purchasing an additional 18,537 shares during the last quarter. Franklin Street Advisors Inc. NC bought a new stake in The Carlyle Group in the fourth quarter worth about $17,671,000. Charles Schwab Investment Management Inc. lifted its stake in The Carlyle Group by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,406,201 shares of the financial services provider’s stock worth $70,999,000 after purchasing an additional 14,024 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in The Carlyle Group by 26.9% in the fourth quarter. Blue Trust Inc. now owns 2,423 shares of the financial services provider’s stock worth $122,000 after purchasing an additional 514 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Stock Performance

Shares of CG opened at $44.13 on Monday. The Carlyle Group Inc. has a 12 month low of $36.65 and a 12 month high of $57.50. The stock has a fifty day moving average price of $50.05 and a 200-day moving average price of $49.31. 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 firm has a market cap of $15.94 billion, a PE ratio of 15.87, a P/E/G ratio of 0.98 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 EPS 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%. Equities research analysts predict that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 3.17%. The ex-dividend date was Friday, February 21st. The Carlyle Group’s payout ratio is 50.36%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Evercore ISI lifted their price target 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. Wolfe Research raised shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target for the company in a research note on Friday, January 3rd. StockNews.com downgraded shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Oppenheimer downgraded shares of The Carlyle Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Finally, Barclays decreased their price target on shares of The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $54.53.

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.