Edmond DE Rothschild Holding S.A. lifted its position in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 19.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 183,744 shares of the financial services provider's stock after acquiring an additional 29,991 shares during the quarter. Edmond DE Rothschild Holding S.A. owned 0.05% of The Carlyle Group worth $9,277,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in shares of The Carlyle Group during the 4th quarter worth $25,000. National Pension Service acquired a new stake in shares of The Carlyle Group in the fourth quarter valued at about $25,000. Valley National Advisers Inc. boosted its holdings in The Carlyle Group by 149.3% during the fourth quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider's stock worth $27,000 after buying an additional 327 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in The Carlyle Group by 253.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider's stock valued at $29,000 after buying an additional 405 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its position in shares of The Carlyle Group by 8,090.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 890 shares during the period. 55.88% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts recently issued reports on CG shares. Oppenheimer cut The Carlyle Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Wolfe Research raised The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 price target for the company in a research note on Friday, January 3rd. StockNews.com downgraded shares of The Carlyle Group from a "hold" rating to a "sell" rating in a report on Thursday, February 20th. Bank of America reduced their price target on shares of The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating on the stock in a report on Friday. Finally, Evercore ISI raised their price objective 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. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, The Carlyle Group presently has a consensus rating of "Hold" and an average target price of $54.00.
Check Out Our Latest Report on The Carlyle Group
The Carlyle Group Trading Down 7.3 %
CG stock traded down $2.82 on Friday, hitting $35.89. 7,129,020 shares of the company were exchanged, compared to its average volume of 2,413,866. The Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $57.50. The business's fifty day moving average is $47.81 and its two-hundred day moving average is $49.56. The stock has a market capitalization of $12.96 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 0.98 and a beta of 1.73. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32.
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 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%. As a group, research analysts forecast 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 announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued 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 3.90%. The Carlyle Group's payout ratio is 50.36%.
The Carlyle Group Profile
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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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