Summit Global Investments acquired a new stake in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 141,856 shares of the financial services provider's stock, valued at approximately $7,162,000.
Several other hedge funds also recently made changes to their positions in the company. National Pension Service bought a new position in The Carlyle Group during the 4th 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. lifted its stake in The Carlyle Group by 149.3% in the fourth 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 during the period. Nisa Investment Advisors LLC increased its position in The Carlyle Group by 253.1% during the 4th 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 during the period. Finally, Brooklyn Investment Group bought a new position in The Carlyle Group in the 3rd quarter worth $33,000. 55.88% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the stock. Wells Fargo & Company reduced 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 research report on Thursday, March 20th. Evercore ISI raised their target price on 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. Wolfe Research upgraded The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 price objective for the company in a report on Friday, January 3rd. Oppenheimer cut shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Finally, Barclays decreased their price target 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. One 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 company's stock. According to data from MarketBeat.com, The Carlyle Group has a consensus rating of "Hold" and a consensus target price of $54.53.
Get Our Latest Stock Analysis on CG
The Carlyle Group Stock Down 0.9 %
Shares of CG stock traded down $0.41 during mid-day trading on Wednesday, hitting $46.12. The company's stock had a trading volume of 2,722,411 shares, compared to its average volume of 2,310,627. 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 Carlyle Group Inc. has a 52-week low of $36.65 and a 52-week high of $57.50. The stock has a market cap of $16.66 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 0.98 and a beta of 1.73. The business has a 50-day moving average price of $49.86 and a 200 day moving average price of $49.43.
The Carlyle Group (NASDAQ:CG - Get Free Report) last posted its earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. Research analysts predict that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.
The Carlyle Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a dividend of $0.35 per share. The ex-dividend date was Friday, February 21st. This represents a $1.40 annualized dividend and a dividend yield of 3.04%. The Carlyle Group's 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.
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