Amundi lifted its holdings in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 33.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,364,231 shares of the financial services provider's stock after acquiring an additional 594,661 shares during the period. Amundi owned 0.66% of The Carlyle Group worth $123,673,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Golden State Wealth Management LLC bought a new position in shares of The Carlyle Group during the fourth quarter valued at approximately $25,000. National Pension Service purchased a new stake in The Carlyle Group in the fourth quarter worth $25,000. Valley National Advisers Inc. grew its holdings in shares of The Carlyle Group by 149.3% in the fourth quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider's stock worth $27,000 after purchasing an additional 327 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in The Carlyle Group by 253.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider's stock worth $29,000 after buying an additional 405 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in The Carlyle Group in the 3rd quarter valued at about $33,000. 55.88% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on CG. Evercore ISI lifted their price target on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an "in-line" rating in a research note on Wednesday, February 12th. StockNews.com downgraded The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Wolfe Research upgraded The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 price objective for the company in a report on Friday, January 3rd. Barclays reduced their price target on shares of The Carlyle Group from $60.00 to $55.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. Finally, Wells Fargo & Company cut their price objective on shares of The Carlyle Group from $56.00 to $54.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $54.93.
Get Our Latest Stock Report on CG
The Carlyle Group Stock Performance
Shares of NASDAQ:CG traded up $1.48 during trading on Wednesday, hitting $42.55. The stock had a trading volume of 1,325,004 shares, compared to its average volume of 2,274,725. The Carlyle Group Inc. has a 12-month low of $36.65 and a 12-month high of $57.50. The stock has a 50-day simple moving average of $51.45 and a two-hundred day simple moving average of $49.13. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $15.37 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 0.98 and a beta of 1.73.
The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. On average, equities research analysts expect that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.
The Carlyle Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.29%. The ex-dividend date was Friday, February 21st. The Carlyle Group's payout ratio is 50.36%.
The Carlyle Group Profile
(
Free Report)
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.
Featured Articles
Before you consider The Carlyle Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Carlyle Group wasn't on the list.
While The Carlyle Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
