The Carlyle Group Inc. (NASDAQ:CG) Stake Raised by Empire Financial Management Company LLC

Empire Financial Management Company LLC lifted its position in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 128.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,500 shares of the financial services provider's stock after buying an additional 24,500 shares during the quarter. Empire Financial Management Company LLC's holdings in The Carlyle Group were worth $2,196,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CG. Golden State Wealth Management LLC bought a new stake in The Carlyle Group in the fourth quarter worth $25,000. National Pension Service purchased a new stake in shares of The Carlyle Group during the 4th quarter valued at about $25,000. Valley National Advisers Inc. grew its position 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 in the last quarter. Nisa Investment Advisors LLC increased its position in The Carlyle Group by 253.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 405 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its stake in The Carlyle Group by 8,090.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider's stock worth $45,000 after purchasing an additional 890 shares during the last quarter. Institutional investors own 55.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. TD Cowen lowered their target price on shares of 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. Wells Fargo & Company reduced their target price on shares of The Carlyle Group from $48.00 to $39.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. StockNews.com downgraded The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Wolfe Research raised The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 price target for the company in a research report on Friday, January 3rd. Finally, Morgan Stanley decreased their price objective on shares of 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. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $50.71.

The Carlyle Group Stock Performance

Shares of The Carlyle Group stock traded down $0.09 during trading on Tuesday, reaching $39.01. The company's stock had a trading volume of 488,672 shares, compared to its average volume of 2,590,821. The Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $57.50. 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 firm has a market cap of $14.08 billion, a PE ratio of 14.01, a P/E/G ratio of 0.98 and a beta of 1.72. The company has a 50-day moving average price of $41.95 and a two-hundred day moving average price of $48.60.

The Carlyle Group (NASDAQ:CG - Get Free Report) last posted 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 year.

The Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given 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 payout ratio is 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.