Cinctive Capital Management LP Has $9.66 Million Position in The Carlyle Group Inc. (NASDAQ:CG)

Cinctive Capital Management LP increased its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 180.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 191,405 shares of the financial services provider's stock after purchasing an additional 123,184 shares during the period. Cinctive Capital Management LP owned 0.05% of The Carlyle Group worth $9,664,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Korea Investment CORP boosted its position in The Carlyle Group by 28.6% during the fourth quarter. Korea Investment CORP now owns 165,660 shares of the financial services provider's stock worth $8,364,000 after purchasing an additional 36,873 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of The Carlyle Group by 68.1% during the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider's stock worth $82,651,000 after purchasing an additional 777,304 shares during the last quarter. Sargent Investment Group LLC increased its stake in shares of The Carlyle Group by 6.5% during the 4th quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider's stock valued at $15,283,000 after acquiring an additional 18,537 shares during the last quarter. Franklin Street Advisors Inc. NC acquired a new stake in shares of The Carlyle Group in the fourth quarter worth approximately $17,671,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of The Carlyle Group by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,406,201 shares of the financial services provider's stock valued at $70,999,000 after purchasing an additional 14,024 shares during the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

The Carlyle Group Stock Down 0.4 %

Shares of The Carlyle Group stock traded down $0.16 during trading on Monday, hitting $35.73. 2,949,390 shares of the stock traded hands, compared to its average volume of 2,416,668. The company has a fifty day moving average price of $47.81 and a two-hundred day moving average price of $49.61. The Carlyle Group Inc. has a twelve month low of $30.67 and a twelve month high of $57.50. The stock has a market cap of $12.91 billion, a P/E ratio of 12.87, a PEG ratio of 0.98 and a beta of 1.72. 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 Carlyle Group (NASDAQ:CG - Get Free Report) last released 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%. Equities research analysts predict that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a dividend of $0.35 per share. The ex-dividend date was Friday, February 21st. This represents a $1.40 annualized dividend and a dividend yield of 3.92%. The Carlyle Group's dividend payout ratio is presently 50.36%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. StockNews.com lowered The Carlyle Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Oppenheimer lowered The Carlyle Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Barclays reduced their price target on The Carlyle Group from $55.00 to $43.00 and set an "overweight" rating on the stock in a research report on Monday. Wells Fargo & Company dropped their price objective on shares of The Carlyle Group from $54.00 to $48.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 20th. Finally, Wolfe Research raised shares of The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 price target for the company in a report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, The Carlyle Group has a consensus rating of "Hold" and a consensus target price of $53.25.

The Carlyle Group Company 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.