Great West Life Assurance Co. Can Invests $3.31 Million in The Carlyle Group Inc. (NASDAQ:CG)

Great West Life Assurance Co. Can bought a new position in shares of The Carlyle Group Inc. (NASDAQ:CGGet Rating) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 128,464 shares of the financial services provider’s stock, valued at approximately $3,314,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Tranquility Partners LLC grew its holdings in shares of The Carlyle Group by 5.8% during the third quarter. Tranquility Partners LLC now owns 14,970 shares of the financial services provider’s stock valued at $387,000 after buying an additional 821 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of The Carlyle Group by 8.0% during the third quarter. SG Americas Securities LLC now owns 18,260 shares of the financial services provider’s stock valued at $472,000 after buying an additional 1,349 shares in the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of The Carlyle Group by 3.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 115,876 shares of the financial services provider’s stock valued at $2,994,000 after buying an additional 3,913 shares in the last quarter. US Bancorp DE grew its holdings in shares of The Carlyle Group by 1,939.4% during the third quarter. US Bancorp DE now owns 55,348 shares of the financial services provider’s stock valued at $1,430,000 after buying an additional 52,634 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of The Carlyle Group by 12.9% during the third quarter. Van ECK Associates Corp now owns 10,679 shares of the financial services provider’s stock valued at $276,000 after buying an additional 1,216 shares in the last quarter. 52.69% of the stock is owned by institutional investors and hedge funds.

The Carlyle Group Price Performance

NASDAQ CG opened at $34.44 on Wednesday. The Carlyle Group Inc. has a twelve month low of $24.59 and a twelve month high of $54.06. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.59 and a current ratio of 2.60. The stock has a market capitalization of $12.52 billion, a PE ratio of 7.21 and a beta of 1.68. The stock has a 50-day simple moving average of $30.68 and a 200 day simple moving average of $30.91.

The Carlyle Group (NASDAQ:CGGet Rating) last posted its quarterly earnings data on Tuesday, November 8th. The financial services provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.38. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.08 billion. The Carlyle Group had a return on equity of 36.19% and a net margin of 30.52%. Research analysts anticipate that The Carlyle Group Inc. will post 4.27 EPS for the current year.

The Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 25th. Shareholders of record on Friday, November 18th were issued a $0.325 dividend. The ex-dividend date was Thursday, November 17th. This represents a $1.30 annualized dividend and a yield of 3.77%. The Carlyle Group’s dividend payout ratio (DPR) is 27.20%.

Analysts Set New Price Targets

CG has been the topic of a number of recent research reports. BMO Capital Markets lowered their target price on The Carlyle Group from $57.00 to $50.00 and set an “outperform” rating on the stock in a research note on Thursday, November 10th. Piper Sandler lowered their target price on The Carlyle Group from $68.00 to $62.00 in a research note on Tuesday, October 11th. Oppenheimer boosted their target price on The Carlyle Group to $60.00 in a research note on Wednesday, December 14th. Morgan Stanley boosted their target price on The Carlyle Group from $34.00 to $37.00 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, JMP Securities reduced their price target on The Carlyle Group from $58.00 to $54.00 and set a “market outperform” rating for the company in a research report on Wednesday, November 9th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $40.27.

About The Carlyle Group

(Get Rating)

The Carlyle Group, Inc engages in multi-product global alternative asset management. It operates through the following segments: Corporate Private Equity, Real Assets, Global Credit, and Investment Solutions. The Corporate Private Equity segment focuses on buyout, and growth capital funds, which pursue a variety of corporate investments of different sizes and growth potentials.

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Institutional Ownership by Quarter for The Carlyle Group (NASDAQ:CG)

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