EntryPoint Capital LLC Buys 5,705 Shares of The Carlyle Group Inc. (NASDAQ:CG)

EntryPoint Capital LLC increased its position in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 42.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,059 shares of the financial services provider's stock after acquiring an additional 5,705 shares during the period. The Carlyle Group makes up about 0.4% of EntryPoint Capital LLC's investment portfolio, making the stock its 4th largest position. EntryPoint Capital LLC's holdings in The Carlyle Group were worth $962,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. National Pension Service acquired a new stake in The Carlyle Group during the 4th quarter worth about $25,000. Golden State Wealth Management LLC purchased a new stake in The Carlyle Group in the 4th quarter worth approximately $25,000. Valley National Advisers Inc. grew its holdings in shares of The Carlyle Group by 149.3% during the 4th 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 shares of The Carlyle Group by 253.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider's stock worth $29,000 after acquiring an additional 405 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in The Carlyle Group in the third quarter valued at about $33,000. 55.88% of the stock is currently owned by institutional investors.

Remove Ads

The Carlyle Group Price Performance

Shares of NASDAQ:CG traded down $2.20 on Friday, hitting $42.89. The stock had a trading volume of 802,517 shares, compared to its average volume of 2,374,682. The company has a market capitalization of $15.49 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 0.98 and a beta of 1.73. The firm's 50 day moving average price is $49.52 and its 200-day moving average price is $49.38. 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 twelve month low of $36.65 and a twelve month high of $57.50.

The Carlyle Group (NASDAQ:CG - Get Free Report) last released 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%. On average, equities research analysts predict that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued 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 yield of 3.26%. The Carlyle Group's dividend payout ratio is presently 50.36%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Evercore ISI increased their price objective on The Carlyle Group from $51.00 to $52.00 and gave the stock an "in-line" rating in a report on Wednesday, February 12th. Oppenheimer downgraded shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Barclays lowered their price target on The Carlyle Group from $60.00 to $55.00 and set an "overweight" rating on the stock in a report on Wednesday, February 12th. StockNews.com downgraded shares of The Carlyle Group from a "hold" rating to a "sell" rating in a report on Thursday, February 20th. Finally, Wells Fargo & Company lowered their price target on The Carlyle Group from $54.00 to $48.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $54.53.

About The Carlyle Group

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.