Bearing Point Capital LLC purchased a new position in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,570 shares of the financial services provider's stock, valued at approximately $483,000.
Several other hedge funds have also recently modified their holdings of CG. Benjamin Edwards Inc. lifted its holdings in shares of The Carlyle Group by 28.1% during the fourth quarter. Benjamin Edwards Inc. now owns 23,072 shares of the financial services provider's stock worth $1,165,000 after purchasing an additional 5,061 shares during the period. BNP Paribas Financial Markets acquired a new stake in The Carlyle Group during the 4th quarter worth about $4,227,000. Ameriprise Financial Inc. boosted its stake in shares of The Carlyle Group by 8.1% in the fourth quarter. Ameriprise Financial Inc. now owns 2,237,249 shares of the financial services provider's stock worth $112,959,000 after buying an additional 167,331 shares during the last quarter. AXA S.A. acquired a new position in The Carlyle Group in the fourth quarter valued at approximately $541,000. Finally, Meiji Yasuda Life Insurance Co purchased a new stake in The Carlyle Group in the 4th quarter worth approximately $687,000. Institutional investors and hedge funds own 55.88% of the company's stock.
The Carlyle Group Trading Up 1.9 %
NASDAQ CG traded up $0.78 on Friday, reaching $42.04. 2,587,048 shares of the company were exchanged, compared to its average volume of 2,595,022. 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 business's fifty day moving average price is $40.41 and its 200 day moving average price is $48.05. The Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $57.50. The stock has a market capitalization of $15.17 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 0.98 and a beta of 1.85.
The Carlyle Group (NASDAQ:CG - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $1.14 EPS for the quarter, beating the consensus estimate of $0.97 by $0.17. The business had revenue of $973.10 million for the quarter, compared to analyst estimates of $972.27 million. The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. The company's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.01 EPS. Analysts forecast that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.
The Carlyle Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.33%. The Carlyle Group's payout ratio is presently 50.36%.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on CG. Citigroup lowered their price target on shares of The Carlyle Group from $55.00 to $39.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Bank of America dropped their target price on The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating on the stock in a research report on Friday, April 4th. Morgan Stanley lowered their price target on The Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Barclays upped their target price on The Carlyle Group from $43.00 to $49.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, StockNews.com lowered shares of The Carlyle Group from a "hold" rating to a "sell" rating in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $51.25.
Check Out Our Latest Report on The Carlyle Group
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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