Concurrent Investment Advisors LLC acquired a new stake in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 7,015 shares of the financial services provider's stock, valued at approximately $354,000.
Several other institutional investors and hedge funds have also recently modified their holdings of CG. Creative Planning increased its holdings in The Carlyle Group by 7.4% in the 3rd quarter. Creative Planning now owns 12,787 shares of the financial services provider's stock valued at $551,000 after acquiring an additional 882 shares during the last quarter. Blue Trust Inc. increased its holdings in The Carlyle Group by 147.9% in the 3rd quarter. Blue Trust Inc. now owns 1,909 shares of the financial services provider's stock valued at $77,000 after acquiring an additional 1,139 shares during the last quarter. Ballentine Partners LLC bought a new stake in The Carlyle Group in the 3rd quarter valued at $233,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in The Carlyle Group by 40.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,931 shares of the financial services provider's stock valued at $869,000 after acquiring an additional 5,694 shares during the last quarter. Finally, Forsta AP Fonden increased its holdings in The Carlyle Group by 14.3% in the 3rd quarter. Forsta AP Fonden now owns 73,500 shares of the financial services provider's stock valued at $3,165,000 after acquiring an additional 9,200 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of brokerages have commented on CG. Wells Fargo & Company dropped their price objective on shares of The Carlyle Group from $56.00 to $54.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods lifted their price objective on shares of The Carlyle Group from $51.00 to $55.00 and gave the stock a "market perform" rating in a research note on Friday, November 8th. Oppenheimer lifted their price objective on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an "outperform" rating in a research note on Monday, November 11th. TD Cowen lifted their price objective on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a "hold" rating in a research note on Friday, November 8th. Finally, Evercore ISI lifted their price target on shares of The Carlyle Group from $51.00 to $52.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, The Carlyle Group presently has a consensus rating of "Hold" and a consensus target price of $54.93.
View Our Latest Analysis on The Carlyle Group
The Carlyle Group Trading Up 2.7 %
The Carlyle Group stock traded up $1.30 during trading hours on Friday, hitting $49.84. The company had a trading volume of 1,961,711 shares, compared to its average volume of 2,322,482. The firm has a market cap of $17.83 billion, a P/E ratio of 17.93, a P/E/G ratio of 0.98 and a beta of 1.70. 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 Inc. has a 1 year low of $36.65 and a 1 year high of $57.50. The company has a 50-day moving average price of $52.43 and a two-hundred day moving average price of $48.86.
The Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 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, sell-side analysts anticipate that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.
The Carlyle Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a $0.35 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.40 annualized dividend and a dividend yield of 2.81%. The Carlyle Group's payout ratio is presently 50.36%.
The Carlyle Group Company 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.
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