Belpointe Asset Management LLC Takes Position in The Carlyle Group Inc. (NASDAQ:CG)

Belpointe Asset Management LLC acquired a new position in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,230 shares of the financial services provider's stock, valued at approximately $617,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its holdings in shares of The Carlyle Group by 201.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,351,432 shares of the financial services provider's stock valued at $320,684,000 after acquiring an additional 4,244,131 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of The Carlyle Group by 15.5% during the 4th quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider's stock worth $668,990,000 after purchasing an additional 1,773,465 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of The Carlyle Group in the fourth quarter valued at $83,784,000. Norges Bank bought a new stake in The Carlyle Group during the fourth quarter worth $44,532,000. Finally, JPMorgan Chase & Co. lifted its stake in The Carlyle Group by 68.1% in the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider's stock valued at $82,651,000 after acquiring an additional 777,304 shares during the last quarter. Institutional investors own 55.88% of the company's stock.

The Carlyle Group Price Performance

Shares of CG traded down $1.34 during trading hours on Monday, reaching $34.51. The stock had a trading volume of 201,398 shares, compared to its average volume of 2,546,210. The Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $57.50. The company's 50-day moving average is $43.68 and its two-hundred day moving average is $49.00. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32. The stock has a market capitalization of $12.46 billion, a PE ratio of 12.41, a PEG ratio of 0.98 and a beta of 1.72.

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 analysts' consensus estimates of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. Research analysts expect that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.06%. The Carlyle Group's dividend payout ratio (DPR) is presently 50.36%.

Wall Street Analyst Weigh In

A number of research firms recently commented on CG. StockNews.com cut The Carlyle Group from a "hold" rating to a "sell" rating in a 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 target on the stock in a research note on Friday, January 3rd. Morgan Stanley decreased their price objective on shares of The Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Barclays reduced their target price on shares of The Carlyle Group from $55.00 to $43.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Finally, TD Cowen dropped their price target on The Carlyle Group from $54.00 to $37.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, The Carlyle Group has a consensus rating of "Hold" and an average target price of $50.71.

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.