Bank of New York Mellon Corp Lowers Position in The Carlyle Group Inc. (NASDAQ:CG)

Bank of New York Mellon Corp lowered its stake in The Carlyle Group Inc. (NASDAQ:CG) by 9.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,350,238 shares of the financial services provider’s stock after selling 239,487 shares during the quarter. Bank of New York Mellon Corp owned about 0.66% of The Carlyle Group worth $118,664,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in shares of The Carlyle Group in the 4th quarter worth $25,000. Valley National Advisers Inc. increased its stake in The Carlyle Group by 149.3% during the fourth quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 327 shares during the last quarter. Nisa Investment Advisors LLC raised its position in The Carlyle Group by 253.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 405 shares during the period. Brooklyn Investment Group bought a new stake in shares of The Carlyle Group in the 3rd quarter valued at approximately $33,000. Finally, Wilmington Savings Fund Society FSB increased its position in shares of The Carlyle Group by 8,090.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 890 shares during the last quarter. 55.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CG shares. Keefe, Bruyette & Woods lifted their price objective on shares of The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, November 8th. TD Cowen increased their price objective on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Barclays cut their target price on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Wolfe Research raised The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target for the company in a research note on Friday, January 3rd. Finally, StockNews.com cut shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $54.93.

The Carlyle Group Price Performance

Shares of CG stock opened at $49.84 on Friday. The company has a market cap of $17.83 billion, a P/E ratio of 17.93, a PEG ratio of 0.98 and a beta of 1.70. 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 stock’s 50-day moving average is $52.43 and its 200 day moving average is $48.92. The Carlyle Group Inc. has a 1-year low of $36.65 and a 1-year high of $57.50.

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

The Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date was Friday, February 21st. The Carlyle Group’s dividend payout ratio (DPR) is presently 50.36%.

The 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.