CVA Family Office LLC Purchases New Holdings in The Carlyle Group Inc. (NASDAQ:CG)

CVA Family Office LLC acquired a new stake in The Carlyle Group Inc. (NASDAQ:CG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 865 shares of the financial services provider’s stock, valued at approximately $35,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CG. Toroso Investments LLC increased its stake in shares of The Carlyle Group by 1.9% during the fourth quarter. Toroso Investments LLC now owns 16,518 shares of the financial services provider’s stock worth $493,000 after purchasing an additional 304 shares during the period. Teacher Retirement System of Texas increased its stake in shares of The Carlyle Group by 2.3% during the third quarter. Teacher Retirement System of Texas now owns 16,797 shares of the financial services provider’s stock worth $507,000 after purchasing an additional 372 shares during the period. Altshuler Shaham Ltd increased its stake in shares of The Carlyle Group by 13.3% during the fourth quarter. Altshuler Shaham Ltd now owns 3,775 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 442 shares during the period. AdvisorNet Financial Inc increased its stake in shares of The Carlyle Group by 125.5% during the third quarter. AdvisorNet Financial Inc now owns 814 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 453 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of The Carlyle Group by 3.1% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 15,184 shares of the financial services provider’s stock worth $458,000 after purchasing an additional 460 shares during the period. Institutional investors own 55.88% of the company’s stock.

Analyst Ratings Changes

CG has been the topic of a number of recent research reports. Barclays raised their price objective on The Carlyle Group from $53.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. JMP Securities boosted their target price on The Carlyle Group from $52.00 to $58.00 and gave the stock a “market outperform” rating in a research note on Thursday, February 8th. Citigroup boosted their target price on The Carlyle Group from $41.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Morgan Stanley boosted their target price on The Carlyle Group from $34.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Finally, TD Cowen assumed coverage on The Carlyle Group in a report on Thursday, January 4th. They set a “market perform” rating and a $42.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $41.93.

The Carlyle Group Trading Up 0.3 %

NASDAQ CG opened at $46.91 on Friday. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $16.99 billion, a P/E ratio of -27.76, a PEG ratio of 1.03 and a beta of 1.80. The Carlyle Group Inc. has a 12 month low of $25.20 and a 12 month high of $48.52. The business has a fifty day simple moving average of $44.22 and a 200 day simple moving average of $37.37.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, February 7th. The financial services provider reported $0.86 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $860.68 million. During the same quarter last year, the company earned $1.01 EPS. The firm’s revenue was down 15.4% compared to the same quarter last year. On average, analysts predict that The Carlyle Group Inc. will post 3.88 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 23rd were issued a $0.35 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.40 annualized dividend and a dividend yield of 2.98%. The Carlyle Group’s payout ratio is currently -82.84%.

Insider Buying and Selling at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. acquired 190,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were bought at an average cost of $12.95 per share, with a total value of $2,460,500.00. Following the acquisition, the insider now owns 1,066,189 shares in the company, valued at approximately $13,807,147.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 27.00% of the company’s stock.

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.