Oak Thistle LLC Makes New $372,000 Investment in The Carlyle Group Inc. (NASDAQ:CG)

Oak Thistle LLC acquired a new stake in The Carlyle Group Inc. (NASDAQ:CG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 7,361 shares of the financial services provider's stock, valued at approximately $372,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its stake in The Carlyle Group by 8.7% during the second quarter. Victory Capital Management Inc. now owns 48,374 shares of the financial services provider's stock worth $1,942,000 after purchasing an additional 3,883 shares during the period. Choreo LLC bought a new position in shares of The Carlyle Group during the 2nd quarter worth approximately $291,000. Massachusetts Financial Services Co. MA boosted its stake in The Carlyle Group by 17,468.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,715,748 shares of the financial services provider's stock valued at $68,887,000 after buying an additional 1,705,982 shares in the last quarter. Dimensional Fund Advisors LP grew its position in The Carlyle Group by 6.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,266,595 shares of the financial services provider's stock valued at $90,999,000 after acquiring an additional 137,541 shares during the period. Finally, Moors & Cabot Inc. lifted its holdings in shares of The Carlyle Group by 20.0% during the second quarter. Moors & Cabot Inc. now owns 7,653 shares of the financial services provider's stock valued at $307,000 after acquiring an additional 1,275 shares during the period. 55.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

CG has been the subject of a number of recent analyst reports. StockNews.com cut shares of The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Sunday, December 8th. Morgan Stanley lifted their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an "equal weight" rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. raised their price target on The Carlyle Group from $44.00 to $50.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. TD Cowen boosted their price objective on The Carlyle Group from $43.00 to $49.00 and gave the stock a "hold" rating in a research note on Friday, November 8th. Finally, Wells Fargo & Company raised their target price on The Carlyle Group from $54.00 to $56.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, The Carlyle Group presently has an average rating of "Hold" and a consensus price target of $54.44.

Insiders Place Their Bets

In related news, Director Daniel A. D'aniello sold 495,542 shares of the business's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total value of $25,535,279.26. Following the sale, the director now directly owns 32,504,102 shares of the company's stock, valued at approximately $1,674,936,376.06. The trade was a 1.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 27.20% of the company's stock.

The Carlyle Group Trading Up 1.8 %

CG traded up $0.97 during midday trading on Friday, reaching $55.24. 1,709,763 shares of the company were exchanged, compared to its average volume of 1,999,951. The stock has a market capitalization of $19.76 billion, a P/E ratio of 190.48, a PEG ratio of 1.05 and a beta of 1.69. The Carlyle Group Inc. has a one year low of $36.65 and a one year high of $55.65. The stock's 50-day simple moving average is $51.96 and its 200 day simple moving average is $46.78. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32.

The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.08. The firm had revenue of $895.00 million during the quarter, compared to analysts' expectations of $908.17 million. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The business's revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.87 earnings per share. As a group, analysts forecast that The Carlyle Group Inc. will post 3.8 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were issued a dividend of $0.35 per share. The ex-dividend date was Monday, November 18th. This represents a $1.40 annualized dividend and a yield of 2.53%. The Carlyle Group's dividend payout ratio is presently 482.76%.

The Carlyle Group 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.