Tranquility Partners LLC Has $234,000 Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Tranquility Partners LLC trimmed its stake in The Carlyle Group Inc. (NASDAQ:CG) by 4.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,628 shares of the financial services provider’s stock after selling 210 shares during the quarter. Tranquility Partners LLC’s holdings in The Carlyle Group were worth $234,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Oppenheimer increased their price objective on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Evercore ISI raised their price target on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a report on Wednesday. Wolfe Research raised The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective on the stock in a report on Friday, January 3rd. Barclays lowered their target price on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Wells Fargo & Company cut their price target on The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Nine investment analysts have rated the stock with 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 price target of $54.93.

The Carlyle Group Price Performance

CG opened at $51.03 on Friday. The company has a fifty day simple moving average of $52.71 and a 200 day simple moving average of $48.28. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38. The stock has a market cap of $18.25 billion, a P/E ratio of 175.97, a P/E/G ratio of 0.92 and a beta of 1.70. The Carlyle Group Inc. has a 12 month low of $36.65 and a 12 month high of $57.50.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. On average, research analysts expect that The Carlyle Group Inc. will post 3.73 EPS for the current year.

The Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, February 21st. The Carlyle Group’s dividend payout ratio is 482.76%.

The Carlyle Group 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.