Wealthfront Advisers LLC Invests $1.51 Million in The Carlyle Group Inc. (NASDAQ:CG)

Wealthfront Advisers LLC purchased a new stake in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 29,866 shares of the financial services provider's stock, valued at approximately $1,508,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Amundi grew 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 purchasing an additional 594,661 shares during the last quarter. Machina Capital S.A.S. bought a new position in The Carlyle Group in the fourth quarter valued at approximately $671,000. Raymond James Financial Inc. bought a new stake in The Carlyle Group in the fourth quarter valued at about $83,784,000. Arizona State Retirement System increased its stake in shares of The Carlyle Group by 0.3% in the 4th quarter. Arizona State Retirement System now owns 67,239 shares of the financial services provider's stock valued at $3,395,000 after acquiring an additional 220 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in The Carlyle Group in the fourth quarter worth $3,172,000. Institutional investors and hedge funds own 55.88% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Wells Fargo & Company dropped their price target on The Carlyle Group from $56.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. Barclays cut 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. Evercore ISI raised their price target 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. StockNews.com downgraded shares of The Carlyle Group from a "hold" rating to a "sell" rating in a research 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 price target on the stock in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $54.93.

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The Carlyle Group Price Performance

Shares of NASDAQ CG traded up $1.26 during midday trading on Wednesday, reaching $43.46. The company's stock had a trading volume of 5,122,492 shares, compared to its average volume of 2,298,453. The company has a market cap of $15.70 billion, a P/E ratio of 15.63, a P/E/G ratio of 0.98 and a beta of 1.73. The Carlyle Group Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $57.50. 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's 50 day moving average price is $50.52 and its two-hundred day moving average price is $49.20.

The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly 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%. On average, analysts forecast that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The business also recently declared 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. This represents a $1.40 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group's dividend payout ratio (DPR) is presently 50.36%.

About The Carlyle Group

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.