Trexquant Investment LP Has $6.21 Million Position in The Carlyle Group Inc. (NASDAQ:CG)

Trexquant Investment LP decreased its stake in The Carlyle Group Inc. (NASDAQ:CG) by 16.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,036 shares of the financial services provider’s stock after selling 24,613 shares during the period. Trexquant Investment LP’s holdings in The Carlyle Group were worth $6,212,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CG. JPMorgan Chase & Co. grew its holdings in shares of The Carlyle Group by 68.1% during 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. Korea Investment CORP grew its holdings in The Carlyle Group by 28.6% during the 4th quarter. Korea Investment CORP now owns 165,660 shares of the financial services provider’s stock worth $8,364,000 after acquiring an additional 36,873 shares during the last quarter. Sargent Investment Group LLC raised its stake in shares of The Carlyle Group by 6.5% during the fourth quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider’s stock valued at $15,283,000 after acquiring an additional 18,537 shares during the last quarter. Franklin Street Advisors Inc. NC acquired a new position in shares of The Carlyle Group during the fourth quarter worth $17,671,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of 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. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Stock Performance

Shares of CG stock opened at $35.89 on Friday. The Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $57.50. The firm has a market capitalization of $12.96 billion, a PE ratio of 12.91, a price-to-earnings-growth ratio of 0.98 and a beta of 1.73. The firm has a fifty day simple moving average of $47.81 and a two-hundred day simple moving average of $49.51. 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 Carlyle Group (NASDAQ:CG) last posted its earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share 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%. Analysts forecast that The Carlyle Group Inc. will post 4.48 EPS 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 yield of 3.90%. The ex-dividend date was Friday, February 21st. The Carlyle Group’s payout ratio is currently 50.36%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CG shares. Bank of America reduced their price target on The Carlyle Group from $47.00 to $46.00 and set an “underperform” rating on the stock in a research report on Friday. Evercore ISI raised their price target on shares of The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a report on Wednesday, February 12th. Oppenheimer cut shares of The Carlyle Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. Barclays dropped 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 report on Wednesday, February 12th. Finally, Wells Fargo & Company lowered their price objective on The Carlyle Group from $54.00 to $48.00 and set an “equal weight” rating for the company in a research report on Thursday, March 20th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, The Carlyle Group currently has a consensus rating of “Hold” and an average target price of $54.00.

The Carlyle Group 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.