Aquatic Capital Management LLC Takes $3.82 Million Position in The Carlyle Group Inc. (NASDAQ:CG)

Aquatic Capital Management LLC purchased a new stake in The Carlyle Group Inc. (NASDAQ:CG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 75,569 shares of the financial services provider's stock, valued at approximately $3,815,000.

Other hedge funds have also recently bought and sold shares of the company. Arizona State Retirement System raised its stake in 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 worth $3,395,000 after purchasing an additional 220 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its holdings in shares of The Carlyle Group by 0.3% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 80,820 shares of the financial services provider's stock worth $4,081,000 after purchasing an additional 225 shares during the period. Aviva PLC boosted its stake in shares of The Carlyle Group by 1.3% in the fourth quarter. Aviva PLC now owns 17,408 shares of the financial services provider's stock valued at $879,000 after buying an additional 227 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in The Carlyle Group by 0.6% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 46,607 shares of the financial services provider's stock worth $2,353,000 after acquiring an additional 258 shares during the period. Finally, O ROURKE & COMPANY Inc lifted its position in shares of The Carlyle Group by 1.5% during the 4th quarter. O ROURKE & COMPANY Inc now owns 17,990 shares of the financial services provider's stock valued at $908,000 after acquiring an additional 266 shares during the period. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CG. Bank of America cut their price objective on shares of The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating for the company in a research report on Friday, April 4th. Wells Fargo & Company decreased their price objective on shares of The Carlyle Group from $48.00 to $39.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley lowered their target price on The Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. TD Cowen dropped their price target on The Carlyle Group from $54.00 to $37.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Finally, Barclays cut their target price on shares of The Carlyle Group from $55.00 to $43.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $50.71.

The Carlyle Group Stock Up 0.6 %

The Carlyle Group stock opened at $39.03 on Monday. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $14.09 billion, a PE ratio of 14.04, a PEG ratio of 0.98 and a beta of 1.72. The firm's fifty day moving average is $42.22 and its 200 day moving average is $48.66. The Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month 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%. As a group, sell-side analysts predict that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 yield of 3.59%. The Carlyle Group's dividend payout ratio (DPR) is presently 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.

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