Cambridge Investment Research Advisors Inc. raised its stake in shares of The Carlyle Group Inc. (NASDAQ:CG – Get Rating) by 20.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,984 shares of the financial services provider’s stock after buying an additional 3,630 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in The Carlyle Group were worth $626,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the stock. Column Capital Advisors LLC lifted its stake in The Carlyle Group by 477.0% in the fourth quarter. Column Capital Advisors LLC now owns 1,154 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 954 shares during the last quarter. Ameliora Wealth Management Ltd. acquired a new stake in shares of The Carlyle Group in the third quarter worth about $38,000. Concord Wealth Partners acquired a new position in shares of The Carlyle Group during the 4th quarter valued at about $60,000. American International Group Inc. raised its stake in shares of The Carlyle Group by 27.6% in the 2nd quarter. American International Group Inc. now owns 2,166 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 468 shares in the last quarter. Finally, Nisa Investment Advisors LLC bought a new stake in The Carlyle Group during the fourth quarter worth approximately $90,000. 52.69% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages recently commented on CG. TheStreet downgraded shares of The Carlyle Group from a “b-” rating to a “c+” rating in a report on Tuesday, March 28th. Barclays lowered their target price on The Carlyle Group from $41.00 to $32.00 in a report on Friday, May 5th. Morgan Stanley cut their price target on The Carlyle Group from $37.00 to $35.00 and set an “equal weight” rating for the company in a report on Wednesday, April 19th. Bank of America cut their target price on shares of The Carlyle Group from $34.00 to $33.00 and set an “underperform” rating for the company in a research note on Wednesday, April 5th. Finally, Oppenheimer boosted their price objective on shares of The Carlyle Group from $64.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, April 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $38.18.
Insiders Place Their Bets
The Carlyle Group Stock Down 0.1 %
Shares of NASDAQ CG opened at $27.87 on Wednesday. The business has a fifty day moving average of $29.26 and a two-hundred day moving average of $31.06. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.80 and a current ratio of 2.82. The Carlyle Group Inc. has a 52-week low of $24.59 and a 52-week high of $40.73. The stock has a market cap of $10.09 billion, a PE ratio of 13.46 and a beta of 1.67.
The Carlyle Group (NASDAQ:CG – Get Rating) last posted its quarterly earnings data on Thursday, May 4th. The financial services provider reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.02). The firm had revenue of $754.20 million for the quarter, compared to analyst estimates of $805.50 million. The Carlyle Group had a return on equity of 25.89% and a net margin of 20.29%. The business’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.74 EPS. As a group, equities research analysts expect that The Carlyle Group Inc. will post 2.81 earnings per share for the current fiscal year.
The Carlyle Group Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 23rd. Stockholders of record on Tuesday, May 16th were paid a $0.35 dividend. The ex-dividend date was Monday, May 15th. This is a positive change from The Carlyle Group’s previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.02%. The Carlyle Group’s dividend payout ratio (DPR) is 67.63%.
About The Carlyle Group
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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