Janney Montgomery Scott LLC Sells 6,034 Shares of Carlyle Group Inc. (NASDAQ:CG)

Janney Montgomery Scott LLC decreased its holdings in Carlyle Group Inc. (NASDAQ:CG) by 7.6% during the 1st quarter, HoldingsChannel reports. The firm owned 73,340 shares of the financial services provider’s stock after selling 6,034 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Carlyle Group were worth $3,197,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CG. Bank Pictet & Cie Europe AG bought a new stake in Carlyle Group during the 4th quarter worth $215,000. Principal Securities Inc. grew its position in Carlyle Group by 54.5% during the 4th quarter. Principal Securities Inc. now owns 1,403 shares of the financial services provider’s stock worth $71,000 after acquiring an additional 495 shares during the last quarter. Truist Financial Corp grew its position in shares of Carlyle Group by 6.0% in the 4th quarter. Truist Financial Corp now owns 40,687 shares of the financial services provider’s stock valued at $2,054,000 after buying an additional 2,316 shares during the last quarter. Concurrent Investment Advisors LLC bought a new stake in shares of Carlyle Group in the 4th quarter valued at about $354,000. Finally, IFP Advisors Inc grew its position in shares of Carlyle Group by 46.9% in the 4th quarter. IFP Advisors Inc now owns 1,329 shares of the financial services provider’s stock valued at $67,000 after buying an additional 424 shares during the last quarter. Institutional investors own 55.88% of the company’s stock.

Carlyle Group Stock Performance

CG stock opened at $49.13 on Wednesday. The business has a 50 day moving average of $43.43 and a 200-day moving average of $46.74. Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month high of $57.50. The firm has a market cap of $17.74 billion, a PE ratio of 16.65, a P/E/G ratio of 1.01 and a beta of 1.85. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 1.56.

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 the consensus estimate of $0.97 by $0.17. Carlyle Group had a return on equity of 23.78% and a net margin of 19.00%. The business had revenue of $973.10 million during the quarter, compared to analyst estimates of $972.27 million. During the same period in the prior year, the company earned $1.01 earnings per share. Carlyle Group’s revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts expect that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.40 annualized dividend and a dividend yield of 2.85%. Carlyle Group’s dividend payout ratio is currently 47.46%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CG shares. Morgan Stanley reduced their price target on 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 raised Carlyle Group from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Wednesday, May 14th. Bank of America dropped their price target on Carlyle Group from $47.00 to $46.00 and set an “underperform” rating on the stock in a research note on Friday, April 4th. Oppenheimer downgraded Carlyle Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Finally, Wells Fargo & Company increased their price objective on Carlyle Group from $45.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Friday, May 23rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Carlyle Group has an average rating of “Hold” and an average target price of $53.00.

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.