Proficio Capital Partners LLC Buys New Stake in The Carlyle Group Inc. (NASDAQ:CG)

Proficio Capital Partners LLC purchased a new stake in The Carlyle Group Inc. (NASDAQ:CG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 62,815 shares of the financial services provider's stock, valued at approximately $3,172,000.

Several other institutional investors also recently modified their holdings of the stock. M&T Bank Corp increased its holdings in shares of The Carlyle Group by 17.9% in the fourth quarter. M&T Bank Corp now owns 6,103 shares of the financial services provider's stock valued at $308,000 after buying an additional 928 shares in the last quarter. Atria Investments Inc increased its holdings in shares of The Carlyle Group by 5.3% in the fourth quarter. Atria Investments Inc now owns 20,923 shares of the financial services provider's stock valued at $1,056,000 after buying an additional 1,062 shares in the last quarter. Assetmark Inc. increased its holdings in shares of The Carlyle Group by 36.4% in the fourth quarter. Assetmark Inc. now owns 454,267 shares of the financial services provider's stock valued at $22,936,000 after buying an additional 121,264 shares in the last quarter. Triad Wealth Partners LLC purchased a new position in The Carlyle Group during the 4th quarter worth approximately $417,000. Finally, Victory Capital Management Inc. grew its position in The Carlyle Group by 88.6% during the 4th quarter. Victory Capital Management Inc. now owns 75,420 shares of the financial services provider's stock worth $3,808,000 after purchasing an additional 35,437 shares in the last quarter. Institutional investors own 55.88% of the company's stock.

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Wall Street Analysts Forecast Growth

CG has been the topic of several research analyst reports. Barclays lowered their price objective on shares of The Carlyle Group from $60.00 to $55.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 12th. StockNews.com cut shares of The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Evercore ISI lifted their price objective on shares of The Carlyle Group from $51.00 to $52.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 12th. Wells Fargo & Company lowered their price target on shares of The Carlyle Group from $54.00 to $48.00 and set an "equal weight" rating on the stock in a report on Thursday. Finally, Wolfe Research upgraded shares of The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 price target on the stock in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $54.53.

The Carlyle Group Stock Performance

The Carlyle Group stock traded up $0.32 on Friday, reaching $44.13. 3,643,744 shares of the stock were exchanged, compared to its average volume of 2,307,402. The stock has a market cap of $15.94 billion, a PE ratio of 15.87, a PEG ratio of 0.98 and a beta of 1.73. 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 Carlyle Group Inc. has a twelve month low of $36.65 and a twelve month high of $57.50. The firm has a fifty day moving average price of $50.05 and a two-hundred day moving average price of $49.15.

The Carlyle Group (NASDAQ:CG - Get Free Report) last released its earnings results 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 return on equity of 24.02% and a net margin of 18.81%. Sell-side analysts anticipate that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date was Friday, February 21st. The Carlyle Group's dividend payout ratio is currently 50.36%.

The Carlyle Group Company 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.