CANADA LIFE ASSURANCE Co Sells 14,053 Shares of The Carlyle Group Inc. (NASDAQ:CG)

CANADA LIFE ASSURANCE Co trimmed its position in The Carlyle Group Inc. (NASDAQ:CG) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 270,559 shares of the financial services provider’s stock after selling 14,053 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.08% of The Carlyle Group worth $13,655,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CG. Golden State Wealth Management LLC acquired a new position in shares of The Carlyle Group during the 4th quarter worth about $25,000. National Pension Service acquired a new position in The Carlyle Group during the fourth quarter valued at approximately $25,000. Valley National Advisers Inc. grew its stake in The Carlyle Group by 149.3% in the fourth quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 327 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of The Carlyle Group by 253.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 405 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB grew its stake in shares of The Carlyle Group by 8,090.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider’s stock valued at $45,000 after buying an additional 890 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors.

The Carlyle Group Trading Up 1.7 %

Shares of NASDAQ:CG opened at $35.84 on Monday. The business’s 50 day simple moving average is $43.68 and its 200 day simple moving average is $49.00. The Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $57.50. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32. The company has a market capitalization of $12.95 billion, a P/E ratio of 12.89, a P/E/G ratio of 0.98 and a beta of 1.72.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. On average, research analysts anticipate that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a dividend of $0.35 per share. The ex-dividend date was Friday, February 21st. This represents a $1.40 annualized dividend and a yield of 3.91%. The Carlyle Group’s dividend payout ratio is currently 50.36%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CG. Wells Fargo & Company cut their price target on shares of The Carlyle Group from $48.00 to $39.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. JMP Securities lowered their price target on The Carlyle Group from $62.00 to $58.00 and set a “market outperform” rating on the stock in a research report on Tuesday, April 8th. Citigroup decreased their target price on The Carlyle Group from $55.00 to $39.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Evercore ISI lifted their price objective on shares of 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. Finally, Morgan Stanley dropped their price objective 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. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $50.71.

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.