Sigma Planning Corp Sells 35,188 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Sigma Planning Corp reduced its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 79.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,205 shares of the financial services provider’s stock after selling 35,188 shares during the quarter. Sigma Planning Corp’s holdings in The Carlyle Group were worth $375,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. CVA Family Office LLC bought a new position in shares of The Carlyle Group in the fourth quarter valued at $35,000. Clear Street Markets LLC bought a new position in shares of The Carlyle Group in the third quarter valued at $50,000. Ramirez Asset Management Inc. bought a new position in shares of The Carlyle Group in the third quarter valued at $84,000. Banque Cantonale Vaudoise grew its stake in shares of The Carlyle Group by 25.8% in the third quarter. Banque Cantonale Vaudoise now owns 2,893 shares of the financial services provider’s stock valued at $87,000 after buying an additional 593 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of The Carlyle Group by 25.6% in the fourth quarter. Fifth Third Bancorp now owns 2,191 shares of the financial services provider’s stock valued at $89,000 after buying an additional 446 shares in the last quarter. 55.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on CG shares. Citigroup raised their price target on The Carlyle Group from $41.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. JMP Securities raised their price target on The Carlyle Group from $52.00 to $58.00 and gave the company a “market outperform” rating in a report on Thursday, February 8th. TD Cowen started coverage on The Carlyle Group in a report on Thursday, January 4th. They set a “market perform” rating and a $42.00 price target for the company. JPMorgan Chase & Co. raised their price target on The Carlyle Group from $39.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Finally, Barclays lifted their target price on The Carlyle Group from $55.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $43.07.

The Carlyle Group Stock Up 1.1 %

Shares of NASDAQ CG opened at $46.11 on Friday. 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 Inc. has a 52 week low of $25.20 and a 52 week high of $48.52. The stock has a market capitalization of $16.70 billion, a P/E ratio of -27.28, a PEG ratio of 0.98 and a beta of 1.79. The stock’s fifty day moving average is $45.94 and its 200 day moving average is $39.57.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.86 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $860.68 million. During the same quarter last year, the business earned $1.01 earnings per share. The Carlyle Group’s revenue was down 15.4% on a year-over-year basis. Sell-side analysts forecast that The Carlyle Group Inc. will post 3.95 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 23rd were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend was Thursday, February 22nd. The Carlyle Group’s dividend payout ratio is presently -82.84%.

Insider Buying and Selling at The Carlyle Group

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

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.