44 Wealth Management LLC Buys New Holdings in Carlyle Group Inc. (NASDAQ:CG)

44 Wealth Management LLC purchased a new stake in Carlyle Group Inc. (NASDAQ:CG - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 11,520 shares of the financial services provider's stock, valued at approximately $502,000.

A number of other large investors have also recently bought and sold shares of the company. Main Street Group LTD acquired a new position in shares of Carlyle Group in the 4th quarter valued at approximately $29,000. Whipplewood Advisors LLC increased its stake in Carlyle Group by 5,100.0% in the first quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 561 shares during the last quarter. LRI Investments LLC acquired a new position in Carlyle Group during the fourth quarter valued at approximately $32,000. Private Trust Co. NA lifted its stake in Carlyle Group by 101.9% during the first quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock worth $28,000 after purchasing an additional 321 shares during the last quarter. Finally, Oarsman Capital Inc. increased its stake in shares of Carlyle Group by 198.4% in the 4th quarter. Oarsman Capital Inc. now owns 916 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 609 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Morgan Stanley dropped their price objective on Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. JMP Securities lowered their price objective on shares of Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company increased their price objective on shares of Carlyle Group from $45.00 to $49.00 and gave the company an "equal weight" rating in a research note on Friday, May 23rd. Citigroup decreased their target price on shares of Carlyle Group from $55.00 to $39.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Finally, TD Cowen upgraded shares of Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price target for the company in a report on Wednesday, May 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven 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 price target of $53.00.

Carlyle Group Trading Up 2.1%

CG traded up $1.14 during midday trading on Friday, hitting $55.59. 1,753,929 shares of the company were exchanged, compared to its average volume of 2,655,482. The firm's 50 day moving average price is $45.68 and its 200-day moving average price is $46.74. Carlyle Group Inc. has a 1-year low of $33.02 and a 1-year high of $57.50. The firm has a market capitalization of $20.08 billion, a P/E ratio of 18.84, a P/E/G ratio of 1.20 and a beta of 1.86. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 1.56.

Carlyle Group (NASDAQ:CG - Get Free Report) last announced its earnings results on Friday, May 9th. 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 analysts' expectations of $972.27 million. Carlyle Group had a return on equity of 23.78% and a net margin of 19.00%. The firm's revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.01 earnings per share. As a group, equities analysts forecast that Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were issued a $0.35 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.40 annualized dividend and a yield of 2.52%. Carlyle Group's payout ratio is 47.46%.

About 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.