Victory Capital Management Inc. boosted its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 88.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,420 shares of the financial services provider's stock after buying an additional 35,437 shares during the quarter. Victory Capital Management Inc.'s holdings in The Carlyle Group were worth $3,808,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of CG. Atria Investments Inc grew its stake in shares of The Carlyle Group by 283.9% in the 3rd quarter. Atria Investments Inc now owns 19,861 shares of the financial services provider's stock valued at $855,000 after purchasing an additional 14,687 shares during the last quarter. Apollon Wealth Management LLC increased its holdings in The Carlyle Group by 4.4% during the 3rd quarter. Apollon Wealth Management LLC now owns 22,977 shares of the financial services provider's stock valued at $989,000 after acquiring an additional 964 shares in the last quarter. Entropy Technologies LP purchased a new stake in The Carlyle Group in the 3rd quarter valued at approximately $381,000. Sumitomo Mitsui Trust Group Inc. raised its stake in The Carlyle Group by 2.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 501,647 shares of the financial services provider's stock valued at $21,601,000 after purchasing an additional 10,448 shares during the last quarter. Finally, KBC Group NV grew its stake in The Carlyle Group by 1.9% in the 3rd quarter. KBC Group NV now owns 54,539 shares of the financial services provider's stock worth $2,349,000 after acquiring an additional 1,024 shares during the period. Institutional investors and hedge funds own 55.88% of the company's stock.
Analyst Ratings Changes
Several research analysts recently commented on the stock. Oppenheimer lowered shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a report on Wednesday. Evercore ISI lifted 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. Barclays decreased their price target on The Carlyle Group from $60.00 to $55.00 and set an "overweight" rating for the company 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 report on Thursday, February 20th. Finally, Wolfe Research upgraded The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 target price on the stock in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, The Carlyle Group has a consensus rating of "Hold" and an average price target of $54.93.
Read Our Latest Stock Report on CG
The Carlyle Group Trading Up 2.9 %
Shares of The Carlyle Group stock traded up $1.23 during trading on Wednesday, hitting $43.43. The company's stock had a trading volume of 3,341,011 shares, compared to its average volume of 2,298,453. The stock has a market cap of $15.69 billion, a price-to-earnings ratio of 15.62, a price-to-earnings-growth ratio of 0.98 and a beta of 1.73. The stock has a 50-day moving average price of $50.52 and a two-hundred day moving average price of $49.20. 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 Carlyle Group Inc. has a 52 week low of $36.65 and a 52 week high of $57.50.
The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its earnings results 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 net margin of 18.81% and a return on equity of 24.02%. Equities research analysts anticipate that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.
The Carlyle Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors 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 dividend on an annualized basis and a yield of 3.22%. The Carlyle Group's dividend payout ratio (DPR) is presently 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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