North Star Investment Management Corp. Trims Holdings in The Carlyle Group Inc. (NASDAQ:CG)

North Star Investment Management Corp. lowered its stake in The Carlyle Group Inc. (NASDAQ:CG) by 8.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 11,862 shares of the financial services provider’s stock after selling 1,131 shares during the period. North Star Investment Management Corp.’s holdings in The Carlyle Group were worth $517,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arizona State Retirement System boosted its position in The Carlyle Group by 0.3% during the 4th quarter. Arizona State Retirement System now owns 67,239 shares of the financial services provider’s stock worth $3,395,000 after acquiring an additional 220 shares during the period. Aviva PLC lifted its position in The Carlyle Group by 1.3% in the fourth quarter. Aviva PLC now owns 17,408 shares of the financial services provider’s stock worth $879,000 after purchasing an additional 227 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in The Carlyle Group by 0.6% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 46,607 shares of the financial services provider’s stock valued at $2,353,000 after purchasing an additional 258 shares in the last quarter. O ROURKE & COMPANY Inc raised its stake in shares of The Carlyle Group by 1.5% in the 4th quarter. O ROURKE & COMPANY Inc now owns 17,990 shares of the financial services provider’s stock worth $908,000 after buying an additional 266 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of The Carlyle Group by 31.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,229 shares of the financial services provider’s stock valued at $62,000 after buying an additional 296 shares during the period. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Stock Performance

Shares of NASDAQ CG opened at $46.19 on Monday. 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 one year low of $33.02 and a one year high of $57.50. The business’s 50-day moving average price is $42.04 and its two-hundred day moving average price is $46.97. The company has a market capitalization of $16.68 billion, a P/E ratio of 16.62, a price-to-earnings-growth ratio of 0.98 and a beta of 1.85.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.17. The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. The firm had revenue of $973.10 million during the quarter, compared to analyst estimates of $972.27 million. During the same period in the previous year, the company earned $1.01 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts anticipate 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 Tuesday, May 27th. Stockholders of record on Monday, May 19th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.03%. The ex-dividend date was Monday, May 19th. The Carlyle Group’s dividend payout ratio is currently 47.46%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of The Carlyle Group from $45.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Friday, May 23rd. Wall Street Zen cut shares of The Carlyle Group from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Keefe, Bruyette & Woods boosted their price target on shares of The Carlyle Group from $43.00 to $45.00 and gave the company a “market perform” rating in a report on Monday, May 12th. Bank of America decreased their price objective on shares of The Carlyle Group from $47.00 to $46.00 and set an “underperform” rating for the company in a research note on Friday, April 4th. Finally, Citigroup cut their target price on shares of The Carlyle Group from $55.00 to $39.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Two research analysts have 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.com, the stock presently has a consensus 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.