Empire Financial Management Company LLC Boosts Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Empire Financial Management Company LLC increased its position in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 128.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,500 shares of the financial services provider's stock after acquiring an additional 24,500 shares during the period. Empire Financial Management Company LLC's holdings in The Carlyle Group were worth $2,196,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of CG. Golden State Wealth Management LLC purchased a new position in The Carlyle Group in the 4th quarter worth $25,000. National Pension Service bought a new position in shares of The Carlyle Group during the fourth quarter valued at approximately $25,000. Valley National Advisers Inc. boosted its holdings in 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 valued at $27,000 after acquiring an additional 327 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings 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 purchasing an additional 405 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB increased its position in shares of The Carlyle Group by 8,090.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider's stock valued at $45,000 after buying an additional 890 shares during the period. 55.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CG has been the subject of a number of research reports. Morgan Stanley decreased their price objective on The Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Bank of America dropped their price target on The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating on the stock in a research report on Friday, April 4th. Wells Fargo & Company cut their target price on The Carlyle Group from $48.00 to $39.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. JMP Securities lowered their price target on The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Finally, Barclays decreased 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. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $50.71.

The Carlyle Group Price Performance

Shares of The Carlyle Group stock traded up $0.24 during trading hours on Friday, reaching $39.03. The company's stock had a trading volume of 1,652,763 shares, compared to its average volume of 2,603,671. 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 Inc. has a one year low of $33.02 and a one year high of $57.50. The firm has a 50 day moving average price of $42.22 and a 200-day moving average price of $48.65. The stock has a market cap of $14.09 billion, a P/E ratio of 14.04, a P/E/G 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 EPS for the quarter, missing analysts' consensus estimates of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. On average, analysts predict that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group's payout ratio is 50.36%.

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.