Mirador Capital Partners LP Makes New Investment in The Carlyle Group Inc. (NASDAQ:CG)

Mirador Capital Partners LP acquired a new position in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,648 shares of the financial services provider's stock, valued at approximately $235,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new position in The Carlyle Group during the third quarter worth $33,000. Tobam increased its position in The Carlyle Group by 32.8% during the 3rd quarter. Tobam now owns 890 shares of the financial services provider's stock worth $38,000 after purchasing an additional 220 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in The Carlyle Group by 1,600.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider's stock valued at $73,000 after purchasing an additional 1,600 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of The Carlyle Group by 147.9% during the 3rd quarter. Blue Trust Inc. now owns 1,909 shares of the financial services provider's stock worth $77,000 after purchasing an additional 1,139 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of The Carlyle Group during the second quarter worth about $126,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on CG. StockNews.com cut The Carlyle Group from a "hold" rating to a "sell" rating in a report on Sunday, December 8th. JMP Securities reaffirmed a "market outperform" rating and set a $60.00 price target on shares of The Carlyle Group in a research report on Wednesday, October 9th. UBS Group lifted their price target on shares of The Carlyle Group from $43.00 to $54.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Barclays upped their price objective on The Carlyle Group from $59.00 to $60.00 and gave the stock an "overweight" rating in a report on Monday. Finally, Oppenheimer boosted their price target on The Carlyle Group from $78.00 to $85.00 and gave the company an "outperform" rating in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $54.44.

The Carlyle Group Stock Up 1.8 %

Shares of CG stock traded up $0.97 during mid-day trading on Friday, reaching $55.24. 1,709,763 shares of the company were exchanged, compared to its average volume of 1,999,950. The company has a market capitalization of $19.76 billion, a P/E ratio of 190.48, a P/E/G ratio of 1.05 and a beta of 1.69. The business's 50 day simple moving average is $51.96 and its 200 day simple moving average is $46.78. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The Carlyle Group Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $55.65.

The Carlyle Group (NASDAQ:CG - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.08. The firm had revenue of $895.00 million during the quarter, compared to the consensus estimate of $908.17 million. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The firm's revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.87 earnings per share. Research analysts predict that The Carlyle Group Inc. will post 3.8 earnings per share for the current year.

The Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend was Monday, November 18th. The Carlyle Group's dividend payout ratio (DPR) is presently 482.76%.

Insider Buying and Selling at The Carlyle Group

In related news, Director Daniel A. D'aniello sold 495,542 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the completion of the sale, the director now directly owns 32,504,102 shares of the company's stock, valued at $1,674,936,376.06. This represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 27.20% of the stock is currently owned by corporate insiders.

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.