Fortis Capital Advisors LLC purchased a new position in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 12,230 shares of the financial services provider's stock, valued at approximately $617,000.
Several other large investors have also recently bought and sold shares of the stock. Arizona State Retirement System lifted its holdings in shares of The Carlyle Group by 0.3% during the 4th quarter. Arizona State Retirement System now owns 67,239 shares of the financial services provider's stock worth $3,395,000 after acquiring an additional 220 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in The Carlyle Group by 0.3% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 80,820 shares of the financial services provider's stock valued at $4,081,000 after buying an additional 225 shares during the period. Aviva PLC grew its holdings in The Carlyle Group by 1.3% in the fourth quarter. Aviva PLC now owns 17,408 shares of the financial services provider's stock worth $879,000 after purchasing an additional 227 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of The Carlyle Group by 0.6% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 46,607 shares of the financial services provider's stock worth $2,353,000 after purchasing an additional 258 shares in the last quarter. Finally, DMC Group LLC increased its holdings in shares of The Carlyle Group by 4.3% during the fourth quarter. DMC Group LLC now owns 6,932 shares of the financial services provider's stock valued at $350,000 after acquiring an additional 283 shares in the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.
The Carlyle Group Stock Performance
The Carlyle Group stock traded up $0.38 during midday trading on Tuesday, reaching $36.97. The stock had a trading volume of 4,926,959 shares, compared to its average volume of 2,543,788. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $13.35 billion, a PE ratio of 13.30, a P/E/G ratio of 0.98 and a beta of 1.72. The Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $57.50. The firm's 50-day moving average price is $44.61 and its 200 day moving average price is $49.13.
The Carlyle Group (NASDAQ:CG - Get Free Report) last posted its earnings results 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 return on equity of 24.02% and a net margin of 18.81%. As a group, research analysts predict that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.
The Carlyle Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.40 annualized dividend and a yield of 3.79%. The Carlyle Group's dividend payout ratio is currently 50.36%.
Wall Street Analyst Weigh In
CG has been the subject of a number of analyst reports. Barclays cut their price target on The Carlyle Group from $55.00 to $43.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. Oppenheimer downgraded The Carlyle Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Evercore ISI raised their price objective on The Carlyle Group from $51.00 to $52.00 and gave the company an "in-line" rating in a research note on Wednesday, February 12th. Citigroup reduced their target price on shares of The Carlyle Group from $55.00 to $39.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, JMP Securities cut their price target on shares of The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $50.71.
View Our Latest Research Report on The Carlyle Group
About The Carlyle Group
(
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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