Orion Portfolio Solutions LLC purchased a new stake in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,416 shares of the financial services provider's stock, valued at approximately $425,000.
A number of other hedge funds also recently modified their holdings of the stock. William Blair Investment Management LLC increased its stake in The Carlyle Group by 15.5% in the 4th quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider's stock worth $668,990,000 after acquiring an additional 1,773,465 shares during the last quarter. Raymond James Financial Inc. bought a new position in The Carlyle Group during the 4th quarter worth approximately $83,784,000. Norges Bank bought a new stake in The Carlyle Group during the 4th quarter valued at $44,532,000. JPMorgan Chase & Co. grew its stake in shares of The Carlyle Group by 68.1% in the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider's stock worth $82,651,000 after purchasing an additional 777,304 shares during the last quarter. Finally, Amundi increased its stake in shares of The Carlyle Group by 33.6% during the fourth quarter. Amundi now owns 2,364,231 shares of the financial services provider's stock valued at $123,673,000 after buying an additional 594,661 shares during the period. Institutional investors own 55.88% of the company's stock.
Wall Street Analyst Weigh In
CG has been the topic of several research analyst reports. JMP Securities reduced 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 research report on Tuesday, April 8th. Oppenheimer cut shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Wells Fargo & Company lowered their price target on The Carlyle Group from $48.00 to $39.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. StockNews.com lowered shares of The Carlyle Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Finally, Wolfe Research raised 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 report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $51.06.
View Our Latest Stock Report on CG
The Carlyle Group Trading Up 2.0 %
Shares of NASDAQ:CG traded up $0.72 during trading on Monday, hitting $36.95. The company had a trading volume of 182,130 shares, compared to its average volume of 2,985,800. The stock has a market cap of $13.35 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 0.98 and a beta of 1.72. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32. The company has a fifty day simple moving average of $45.25 and a two-hundred day simple moving average of $49.26. The Carlyle Group Inc. has a one year low of $33.02 and a one year high of $57.50.
The Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 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, equities analysts forecast that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.
The Carlyle Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.79%. The Carlyle Group's dividend payout ratio is 50.36%.
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.
Read More
Before you consider The Carlyle Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Carlyle Group wasn't on the list.
While The Carlyle Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
