Carlyle Group Inc. $CG Stock Position Decreased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its holdings in Carlyle Group Inc. (NASDAQ:CG) by 4.1% in the 1st quarter, Holdings Channel reports. The fund owned 3,045,978 shares of the financial services provider’s stock after selling 130,391 shares during the period. Dimensional Fund Advisors LP’s holdings in Carlyle Group were worth $147,337,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Franklin Street Advisors Inc. NC boosted its stake in Carlyle Group by 7.6% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 724,039 shares of the financial services provider’s stock valued at $42,798,000 after purchasing an additional 51,224 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Carlyle Group by 1.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,735,298 shares of the financial services provider’s stock valued at $457,233,000 after purchasing an additional 117,223 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in Carlyle Group during the 4th quarter valued at about $1,935,000. M&T Bank Corp acquired a new stake in shares of Carlyle Group during the fourth quarter worth $4,083,000. Finally, Algebris UK Ltd. bought a new position in shares of Carlyle Group during the 4th quarter valued at about $50,459,000. Institutional investors own 55.88% of the company’s stock.

Carlyle Group Price Performance

Shares of Carlyle Group stock opened at $45.40 on Monday. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.92. Carlyle Group Inc. has a 12 month low of $39.60 and a 12 month high of $69.85. The business’s 50-day moving average price is $44.40 and its 200-day moving average price is $50.06. The firm has a market capitalization of $16.34 billion, a PE ratio of 31.10, a price-to-earnings-growth ratio of 1.59 and a beta of 1.84.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the firm posted $1.14 earnings per share. The firm’s revenue for the quarter was down 28.0% compared to the same quarter last year. Sell-side analysts forecast that Carlyle Group Inc. will post 3.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CG has been the subject of a number of research analyst reports. TD Cowen reduced their price target on Carlyle Group from $53.00 to $50.00 and set a “hold” rating for the company in a report on Monday, May 18th. Wall Street Zen downgraded shares of Carlyle Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Evercore set a $56.00 price target on Carlyle Group in a research report on Tuesday, April 21st. Weiss Ratings upgraded shares of Carlyle Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 6th. Finally, Keefe, Bruyette & Woods raised shares of Carlyle Group to a “hold” rating in a research note on Monday, July 20th. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $60.07.

About Carlyle Group

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.