Garrison Bradford & Associates Inc. Reduces Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

Garrison Bradford & Associates Inc. lessened its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 6.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,080 shares of the financial services provider’s stock after selling 988 shares during the quarter. The Carlyle Group comprises about 0.8% of Garrison Bradford & Associates Inc.’s investment portfolio, making the stock its 20th biggest holding. Garrison Bradford & Associates Inc.’s holdings in The Carlyle Group were worth $761,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the business. FMR LLC boosted its stake in The Carlyle Group by 72.8% during the third quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock worth $174,469,000 after buying an additional 1,707,520 shares during the period. Amundi boosted its stake in The Carlyle Group by 33.6% during the fourth quarter. Amundi now owns 2,364,231 shares of the financial services provider’s stock worth $123,673,000 after buying an additional 594,661 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in The Carlyle Group by 22.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,107,301 shares of the financial services provider’s stock worth $90,740,000 after buying an additional 391,553 shares during the period. JPMorgan Chase & Co. boosted its stake in The Carlyle Group by 68.1% during the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock worth $82,651,000 after buying an additional 777,304 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in The Carlyle Group during the fourth quarter worth $83,784,000. Institutional investors own 55.88% of the company’s stock.

The Carlyle Group Stock Performance

Shares of The Carlyle Group stock opened at $43.00 on Friday. The Carlyle Group Inc. has a one year low of $36.65 and a one year high of $57.50. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32. The company has a market capitalization of $15.53 billion, a PE ratio of 15.47, a P/E/G ratio of 0.98 and a beta of 1.73. The company has a 50-day simple moving average of $51.85 and a two-hundred day simple moving average of $49.06.

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

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.26%. The Carlyle Group’s dividend payout ratio (DPR) is 50.36%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CG. Evercore ISI boosted their target price on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a research note on Wednesday, February 12th. Barclays lowered their target price on shares of The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. StockNews.com lowered shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Wells Fargo & Company lowered their target price on shares of The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Finally, Oppenheimer upped their price objective on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, The Carlyle Group has a consensus rating of “Hold” and an average target price of $54.93.

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.