Schonfeld Strategic Advisors LLC Cuts Stake in The Carlyle Group Inc. (NASDAQ:CG)

Schonfeld Strategic Advisors LLC decreased its stake in The Carlyle Group Inc. (NASDAQ:CG) by 75.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 10,955 shares of the financial services provider’s stock after selling 32,877 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in The Carlyle Group were worth $553,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Korea Investment CORP raised its holdings in shares of The Carlyle Group by 28.6% in the 4th quarter. Korea Investment CORP now owns 165,660 shares of the financial services provider’s stock worth $8,364,000 after purchasing an additional 36,873 shares during the period. Invesco Ltd. raised its stake in shares of The Carlyle Group by 9.7% in the fourth quarter. Invesco Ltd. now owns 650,735 shares of the financial services provider’s stock valued at $32,856,000 after buying an additional 57,606 shares during the period. Sargent Investment Group LLC lifted its position in shares of The Carlyle Group by 6.5% during the 4th quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider’s stock valued at $15,283,000 after buying an additional 18,537 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in The Carlyle Group by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,406,201 shares of the financial services provider’s stock worth $70,999,000 after acquiring an additional 14,024 shares during the last quarter. Finally, Orion Portfolio Solutions LLC bought a new stake in The Carlyle Group in the 4th quarter valued at about $425,000. 55.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CG has been the topic of several research reports. Morgan Stanley lowered their price target on shares of The Carlyle Group from $57.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. TD Cowen dropped their target price on The Carlyle Group from $54.00 to $37.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Citigroup decreased their price objective on The Carlyle Group from $55.00 to $39.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Evercore ISI raised their target price on The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 12th. Finally, Barclays increased their price target on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $51.73.

The Carlyle Group Stock Up 1.9 %

Shares of NASDAQ:CG opened at $42.04 on Friday. The firm has a fifty day moving average of $40.35 and a 200 day moving average of $47.99. The Carlyle Group Inc. has a 52-week low of $33.02 and a 52-week high of $57.50. 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 firm has a market capitalization of $15.17 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 0.98 and a beta of 1.85.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Friday, May 9th. The financial services provider reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.17. The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. The company had revenue of $973.10 million for the quarter, compared to analysts’ expectations of $972.27 million. During the same period last year, the firm posted $1.01 EPS. The Carlyle Group’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, research analysts anticipate that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 19th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Monday, May 19th. The Carlyle Group’s payout ratio is presently 50.36%.

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.