New York State Teachers Retirement System Sells 300 Shares of The Carlyle Group Inc. (NASDAQ:CG)

New York State Teachers Retirement System trimmed its position in The Carlyle Group Inc. (NASDAQ:CG) by 0.7% during the 4th quarter, HoldingsChannel reports. The firm owned 44,246 shares of the financial services provider’s stock after selling 300 shares during the period. New York State Teachers Retirement System’s holdings in The Carlyle Group were worth $2,234,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of CG. Westbourne Investment Advisors Inc. grew its holdings in The Carlyle Group by 3.6% during the 3rd quarter. Westbourne Investment Advisors Inc. now owns 5,700 shares of the financial services provider’s stock valued at $245,000 after buying an additional 200 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its stake in The Carlyle Group by 0.3% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 80,820 shares of the financial services provider’s stock worth $4,081,000 after purchasing an additional 225 shares during the period. DMC Group LLC grew its stake in The Carlyle Group by 4.3% in the 4th quarter. DMC Group LLC now owns 6,932 shares of the financial services provider’s stock worth $350,000 after acquiring an additional 283 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of The Carlyle Group by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 58,600 shares of the financial services provider’s stock worth $2,959,000 after buying an additional 300 shares during the period. Finally, Western Pacific Wealth Management LP lifted its position in shares of The Carlyle Group by 10.6% in the 3rd quarter. Western Pacific Wealth Management LP now owns 3,284 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 314 shares during the period. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Price Performance

The Carlyle Group stock opened at $49.86 on Friday. The Carlyle Group Inc. has a 1 year low of $36.65 and a 1 year high of $57.50. The firm has a 50 day moving average price of $52.56 and a 200 day moving average price of $48.57. The company has a market cap of $17.83 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 0.98 and a beta of 1.70. 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 (NASDAQ:CG) last announced its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share (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%. Sell-side analysts predict that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.

The Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.81%. The Carlyle Group’s dividend payout ratio (DPR) is presently 50.36%.

Wall Street Analysts Forecast Growth

CG has been the subject of several analyst reports. Keefe, Bruyette & Woods increased their price objective on The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a report on Friday, November 8th. Evercore ISI upped their price objective on The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 12th. TD Cowen upped their price target on The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Oppenheimer raised their price target on shares of The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Finally, StockNews.com cut shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.