Carlyle Group Inc. $CG Shares Sold by Diversified Trust Co

Diversified Trust Co trimmed its position in Carlyle Group Inc. (NASDAQ:CG) by 31.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,077 shares of the financial services provider’s stock after selling 13,389 shares during the quarter. Diversified Trust Co’s holdings in Carlyle Group were worth $1,407,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. WFA of San Diego LLC purchased a new position in Carlyle Group during the 2nd quarter worth approximately $26,000. Geneos Wealth Management Inc. boosted its holdings in shares of Carlyle Group by 755.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 574 shares during the last quarter. Bernard Wealth Management Corp. acquired a new stake in shares of Carlyle Group in the fourth quarter worth $30,000. Quarry LP purchased a new position in shares of Carlyle Group during the third quarter worth $33,000. Finally, Brown Brothers Harriman & Co. acquired a new position in Carlyle Group during the third quarter valued at $41,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Carlyle Group Stock Down 0.5%

Shares of NASDAQ CG opened at $44.57 on Tuesday. Carlyle Group Inc. has a 52-week low of $41.54 and a 52-week high of $69.85. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.92. The company’s 50-day simple moving average is $47.38 and its 200-day simple moving average is $52.69. The firm has a market cap of $16.04 billion, a price-to-earnings ratio of 30.53, a price-to-earnings-growth ratio of 1.53 and a beta of 1.84.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. The company had revenue of $750.90 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the business posted $1.14 earnings per share. The company’s quarterly revenue was down 28.0% compared to the same quarter last year. Equities analysts predict that Carlyle Group Inc. will post 4.05 EPS for the current fiscal year.

Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Monday, May 18th. Carlyle Group’s dividend payout ratio (DPR) is 95.89%.

Wall Street Analyst Weigh In

CG has been the topic of several analyst reports. The Goldman Sachs Group cut their price target on Carlyle Group from $81.00 to $69.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Cfra downgraded Carlyle Group to a “sell” rating and set a $45.00 target price on the stock. in a research note on Friday, May 8th. JPMorgan Chase & Co. reduced their price target on Carlyle Group from $66.00 to $63.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Evercore set a $56.00 price target on Carlyle Group in a report on Tuesday, April 21st. Finally, TD Cowen dropped their price objective on shares of Carlyle Group from $53.00 to $50.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Carlyle Group currently has a consensus rating of “Hold” and an average price target of $62.00.

Carlyle Group Profile

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.