941 Shares in The Carlyle Group Inc. (NASDAQ:CG) Bought by GAMMA Investing LLC

GAMMA Investing LLC bought a new stake in The Carlyle Group Inc. (NASDAQ:CG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 941 shares of the financial services provider’s stock, valued at approximately $38,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Teacher Retirement System of Texas increased its stake in The Carlyle Group by 2.3% in the 3rd quarter. Teacher Retirement System of Texas now owns 16,797 shares of the financial services provider’s stock valued at $507,000 after purchasing an additional 372 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of The Carlyle Group by 25.6% during the 4th quarter. Fifth Third Bancorp now owns 2,191 shares of the financial services provider’s stock worth $89,000 after buying an additional 446 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its stake in The Carlyle Group by 3.1% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 15,184 shares of the financial services provider’s stock valued at $458,000 after acquiring an additional 460 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in The Carlyle Group by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 92,654 shares of the financial services provider’s stock valued at $2,794,000 after acquiring an additional 470 shares in the last quarter. Finally, Herbst Group LLC lifted its holdings in shares of The Carlyle Group by 1.5% in the fourth quarter. Herbst Group LLC now owns 32,900 shares of the financial services provider’s stock valued at $1,339,000 after purchasing an additional 500 shares in the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

The Carlyle Group Stock Performance

Shares of CG stock opened at $41.06 on Friday. The company’s fifty day simple moving average is $45.75 and its 200-day simple moving average is $40.02. The company has a current ratio of 2.53, a quick ratio of 2.27 and a debt-to-equity ratio of 1.53. The Carlyle Group Inc. has a 52 week low of $25.20 and a 52 week high of $48.52. The company has a market cap of $14.87 billion, a PE ratio of -22.94, a P/E/G ratio of 0.86 and a beta of 1.77.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.09. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $986.10 million. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The company’s revenue was up 35.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 earnings per share. As a group, equities research analysts anticipate that The Carlyle Group Inc. will post 3.98 EPS for the current year.

The Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, May 13th. This represents a $1.40 annualized dividend and a dividend yield of 3.41%. The Carlyle Group’s dividend payout ratio (DPR) is presently -78.21%.

Insider Buying and Selling

In other The Carlyle Group news, major shareholder Carlyle Group Inc. purchased 190,000 shares of The Carlyle Group stock in a transaction that occurred on Thursday, February 8th. The stock was 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 owns 1,066,189 shares of the company’s stock, valued at approximately $13,807,147.55. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 27.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. JMP Securities upped their target price on The Carlyle Group from $52.00 to $58.00 and gave the company a “market outperform” rating in a research note on Thursday, February 8th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $48.00 target price (down from $50.00) on shares of The Carlyle Group in a report on Thursday. Morgan Stanley lifted their price target on shares of The Carlyle Group from $34.00 to $40.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Oppenheimer decreased their target price on shares of The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, TheStreet downgraded The Carlyle Group from a “b-” rating to a “c” rating in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $44.25.

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.