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Carlyle Group Inc. (NASDAQ:CG) Shares Acquired by Wealth Enhancement Advisory Services LLC

Carlyle Group logo with Finance background

Wealth Enhancement Advisory Services LLC raised its position in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 105.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,929 shares of the financial services provider's stock after purchasing an additional 5,611 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Carlyle Group were worth $476,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Bank Pictet & Cie Europe AG acquired a new stake in Carlyle Group during the fourth quarter valued at approximately $215,000. Smartleaf Asset Management LLC raised its holdings in shares of Carlyle Group by 31.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,229 shares of the financial services provider's stock valued at $62,000 after purchasing an additional 296 shares during the period. Jones Financial Companies Lllp raised its holdings in Carlyle Group by 2,469.0% in the 4th quarter. Jones Financial Companies Lllp now owns 2,569 shares of the financial services provider's stock valued at $130,000 after acquiring an additional 2,469 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Carlyle Group by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,406,201 shares of the financial services provider's stock worth $70,999,000 after purchasing an additional 14,024 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Carlyle Group by 88.6% during the 4th quarter. Victory Capital Management Inc. now owns 75,420 shares of the financial services provider's stock worth $3,808,000 after acquiring an additional 35,437 shares in the last quarter. 55.88% of the stock is owned by institutional investors.

Carlyle Group Trading Up 2.1%

NASDAQ CG opened at $55.59 on Friday. Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $57.50. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 1.56. The stock's fifty day moving average price is $46.01 and its 200-day moving average price is $46.75. The stock has a market cap 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.

Carlyle Group (NASDAQ:CG - Get Free Report) last issued its earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.17. Carlyle Group had a return on equity of 23.78% and a net margin of 19.00%. The company had revenue of $973.10 million for the quarter, compared to the consensus estimate of $972.27 million. During the same quarter last year, the company earned $1.01 EPS. The firm's quarterly revenue was up 2.0% on a year-over-year basis. 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were given a dividend of $0.35 per share. The ex-dividend date was Monday, May 19th. This represents a $1.40 dividend on an annualized basis and a yield of 2.52%. Carlyle Group's dividend payout ratio is currently 47.46%.

Analyst Ratings Changes

A number of brokerages recently commented on CG. Keefe, Bruyette & Woods upped their price target on shares of Carlyle Group from $43.00 to $45.00 and gave the company a "market perform" rating in a research note on Monday, May 12th. Oppenheimer lowered shares of Carlyle Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Barclays lifted their price target on shares of Carlyle Group from $43.00 to $49.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Morgan Stanley lowered their price target on shares of Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Finally, Wells Fargo & Company boosted their price target on shares of Carlyle Group from $45.00 to $49.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Carlyle Group presently has a consensus rating of "Hold" and an average price target of $53.00.

View Our Latest Stock Report on CG

Carlyle Group Company Profile

(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.

Further Reading

Want to see what other hedge funds are holding CG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carlyle Group Inc. (NASDAQ:CG - Free Report).

Institutional Ownership by Quarter for Carlyle Group (NASDAQ:CG)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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