The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Tritonpoint Wealth LLC

Tritonpoint Wealth LLC lessened its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 6.0% during the 1st quarter, Holdings Channel.com reports. The fund owned 10,510 shares of the financial services provider’s stock after selling 670 shares during the period. Tritonpoint Wealth LLC’s holdings in The Carlyle Group were worth $458,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CG. Korea Investment CORP increased its position in The Carlyle Group by 28.6% during the fourth quarter. Korea Investment CORP now owns 165,660 shares of the financial services provider’s stock worth $8,364,000 after buying an additional 36,873 shares during the period. Invesco Ltd. increased its position in The Carlyle Group by 9.7% during the fourth quarter. Invesco Ltd. now owns 650,735 shares of the financial services provider’s stock worth $32,856,000 after buying an additional 57,606 shares during the period. Charles Schwab Investment Management Inc. increased its position in The Carlyle Group by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,406,201 shares of the financial services provider’s stock worth $70,999,000 after buying an additional 14,024 shares during the period. Orion Portfolio Solutions LLC acquired a new position in The Carlyle Group during the fourth quarter worth approximately $425,000. Finally, Allstate Corp acquired a new position in The Carlyle Group during the fourth quarter worth approximately $338,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Stock Down 3.2%

The Carlyle Group stock opened at $46.19 on Friday. 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 Carlyle Group Inc. has a 1-year low of $33.02 and a 1-year high of $57.50. The company has a market cap of $16.68 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 0.98 and a beta of 1.85. The stock’s 50 day moving average price is $42.04 and its 200 day moving average price is $47.01.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Friday, May 9th. The financial services provider reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.17. The company had revenue of $973.10 million for the quarter, compared to the consensus estimate of $972.27 million. The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. The Carlyle Group’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.01 earnings per share. On average, sell-side analysts predict that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The company 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 was Monday, May 19th. This represents a $1.40 dividend on an annualized basis and a yield of 3.03%. The Carlyle Group’s payout ratio is 47.46%.

Analyst Ratings Changes

Several research analysts have commented on CG shares. Citigroup cut their price target on The Carlyle Group from $55.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Barclays boosted their target price on The Carlyle Group from $43.00 to $49.00 and gave the company an “overweight” rating in a report on Friday, May 9th. TD Cowen raised The Carlyle Group from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Wednesday, May 14th. Morgan Stanley dropped their target price on The Carlyle Group from $57.00 to $44.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. Finally, JMP Securities dropped their target price on The Carlyle Group from $62.00 to $58.00 and set a “market outperform” rating on the stock in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $53.00.

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.