one8zero8 LLC bought a new position in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 76,658 shares of the financial services provider's stock, valued at approximately $3,870,000. The Carlyle Group accounts for approximately 0.8% of one8zero8 LLC's portfolio, making the stock its 27th biggest holding.
A number of other institutional investors have also modified their holdings of CG. National Pension Service bought a new position in shares of The Carlyle Group during the fourth quarter valued at approximately $25,000. Golden State Wealth Management LLC 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 stake in shares of The Carlyle Group by 149.3% during the fourth quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 327 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake 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 valued at $29,000 after purchasing an additional 405 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in The Carlyle Group in the third quarter valued at approximately $33,000. 55.88% of the stock is owned by hedge funds and other institutional investors.
The Carlyle Group Stock Performance
Shares of The Carlyle Group stock traded up $1.26 during trading on Wednesday, hitting $43.46. 5,343,824 shares of the company's stock were exchanged, compared to its average volume of 2,299,904. 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 business has a 50-day simple moving average of $50.34 and a 200-day simple moving average of $49.16. The Carlyle Group Inc. has a 52-week low of $36.65 and a 52-week high of $57.50. The stock has a market capitalization of $15.70 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 0.98 and a beta of 1.73.
The Carlyle Group (NASDAQ:CG - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share 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, research analysts forecast that The Carlyle Group Inc. will post 4.48 EPS for the current year.
The Carlyle Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 3.22%. The Carlyle Group's payout ratio is 50.36%.
Wall Street Analysts Forecast Growth
CG has been the subject of several recent analyst reports. Wolfe Research upgraded shares of The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 target price for the company in a research note on Friday, January 3rd. Barclays lowered their target price on shares of The Carlyle Group from $60.00 to $55.00 and set an "overweight" rating for the company in a research note on Wednesday, February 12th. Evercore ISI raised their target price on shares of 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. Oppenheimer downgraded shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday. Finally, Wells Fargo & Company lowered their price objective on shares of The Carlyle Group from $56.00 to $54.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $54.93.
Get Our Latest Stock Report on CG
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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