LPL Financial LLC increased its position in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 36.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 165,220 shares of the financial services provider's stock after purchasing an additional 43,865 shares during the period. LPL Financial LLC's holdings in The Carlyle Group were worth $8,342,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in CG. Golden State Wealth Management LLC purchased a new position in shares of The Carlyle Group in the 4th quarter valued at about $25,000. National Pension Service purchased a new position in The Carlyle Group in the fourth quarter valued at about $25,000. Valley National Advisers Inc. boosted its stake 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 worth $27,000 after acquiring an additional 327 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of 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 acquiring an additional 405 shares during the period. Finally, Wilmington Savings Fund Society FSB raised its holdings in 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 worth $45,000 after purchasing an additional 890 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on the company. Wolfe Research upgraded 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 report on Friday, January 3rd. Oppenheimer downgraded shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. JMP Securities dropped their price objective on shares of The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating for the company in a research note on Tuesday. Barclays lowered their target price on The Carlyle Group from $55.00 to $43.00 and set an "overweight" rating on the stock in a report on Monday. Finally, Wells Fargo & Company cut their price target on The Carlyle Group from $48.00 to $39.00 and set an "equal weight" rating for the company in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, The Carlyle Group currently has an average rating of "Hold" and an average target price of $51.06.
Check Out Our Latest Stock Analysis on CG
The Carlyle Group Trading Down 7.4 %
Shares of CG traded down $2.93 during mid-day trading on Thursday, reaching $36.63. The company had a trading volume of 4,331,730 shares, compared to its average volume of 2,504,811. The stock has a market cap of $13.23 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 0.98 and a beta of 1.72. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.42. The firm has a fifty day simple moving average of $45.56 and a 200-day simple moving average of $49.26. The Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $57.50.
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%. On average, sell-side analysts anticipate that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.
The Carlyle Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a dividend of $0.35 per share. 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 3.82%. The Carlyle Group's dividend payout ratio (DPR) is 50.36%.
The Carlyle Group 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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