The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lessened its stake in The Carlyle Group Inc. (NASDAQ:CG) by 19.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,998 shares of the financial services provider’s stock after selling 2,922 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in The Carlyle Group were worth $488,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CG. AdvisorNet Financial Inc grew its position in The Carlyle Group by 125.5% in the third quarter. AdvisorNet Financial Inc now owns 814 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 453 shares during the period. Sunbelt Securities Inc. purchased a new position in The Carlyle Group in the first quarter worth approximately $31,000. CVA Family Office LLC purchased a new position in The Carlyle Group in the fourth quarter worth approximately $35,000. UniSuper Management Pty Ltd purchased a new position in The Carlyle Group in the second quarter worth approximately $45,000. Finally, Clear Street Markets LLC purchased a new position in shares of The Carlyle Group during the third quarter worth $50,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Carlyle Group Inc. purchased 190,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average price of $12.95 per share, with a total value of $2,460,500.00. Following the completion of the acquisition, the insider now directly owns 1,066,189 shares in the company, valued at approximately $13,807,147.55. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 27.00% of the company’s stock.

Analysts Set New Price Targets

CG has been the subject of several research analyst reports. Citigroup raised their price target on The Carlyle Group from $41.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. TheStreet lowered The Carlyle Group from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. Evercore ISI lowered The Carlyle Group from an “outperform” rating to an “in-line” rating and set a $32.00 price target for the company. in a research report on Wednesday, November 29th. JMP Securities raised their price target on The Carlyle Group from $52.00 to $58.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 8th. Finally, JPMorgan Chase & Co. increased their price objective on The Carlyle Group from $39.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, The Carlyle Group currently has an average rating of “Hold” and an average target price of $41.93.

The Carlyle Group Stock Up 0.7 %

The Carlyle Group stock opened at $46.78 on Thursday. The Carlyle Group Inc. has a 1-year low of $25.20 and a 1-year high of $48.52. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.27 and a quick ratio of 2.27. The stock has a market cap of $16.94 billion, a PE ratio of -27.68, a P/E/G ratio of 1.03 and a beta of 1.80. The stock’s fifty day moving average is $44.05 and its two-hundred day moving average is $37.30.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Wednesday, February 7th. The financial services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.08. The Carlyle Group had a positive return on equity of 19.74% and a negative net margin of 20.53%. The business had revenue of $896.40 million for the quarter, compared to analysts’ expectations of $860.68 million. During the same quarter in the previous year, the firm earned $1.01 earnings per share. The business’s revenue was down 15.4% compared to the same quarter last year. On average, sell-side analysts expect that The Carlyle Group Inc. will post 3.88 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 23rd were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend was Thursday, February 22nd. The Carlyle Group’s dividend payout ratio is currently -82.84%.

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.