Daymark Wealth Partners LLC Raises Holdings in Carlyle Group Inc. (NASDAQ:CG)

Daymark Wealth Partners LLC boosted its stake in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 106.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,014 shares of the financial services provider's stock after acquiring an additional 5,172 shares during the quarter. Daymark Wealth Partners LLC's holdings in Carlyle Group were worth $437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Asset Management One Co. Ltd. lifted its holdings in Carlyle Group by 3.7% in the 1st quarter. Asset Management One Co. Ltd. now owns 89,929 shares of the financial services provider's stock worth $3,920,000 after buying an additional 3,233 shares during the period. Stonegate Investment Group LLC lifted its holdings in Carlyle Group by 41.9% in the 1st quarter. Stonegate Investment Group LLC now owns 8,511 shares of the financial services provider's stock worth $371,000 after buying an additional 2,511 shares during the period. State of Alaska Department of Revenue lifted its holdings in Carlyle Group by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 24,720 shares of the financial services provider's stock worth $1,077,000 after buying an additional 660 shares during the period. Barrett & Company Inc. lifted its holdings in Carlyle Group by 72.8% in the 1st quarter. Barrett & Company Inc. now owns 4,406 shares of the financial services provider's stock worth $192,000 after buying an additional 1,856 shares during the period. Finally, Bfsg LLC lifted its holdings in Carlyle Group by 13.0% in the 1st quarter. Bfsg LLC now owns 7,130 shares of the financial services provider's stock worth $311,000 after buying an additional 818 shares during the period. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CG shares. Wells Fargo & Company increased their price objective on Carlyle Group from $45.00 to $49.00 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Barclays increased their target price on Carlyle Group from $43.00 to $49.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Citigroup decreased their target price on Carlyle Group from $55.00 to $39.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. JMP Securities decreased their target price on 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. Finally, Bank of America decreased their target price on Carlyle Group from $47.00 to $46.00 and set an "underperform" rating for the company in a research report on Friday, April 4th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Carlyle Group presently has an average rating of "Hold" and an average price target of $53.00.

Carlyle Group Stock Up 3.1%

Carlyle Group stock opened at $50.67 on Friday. The firm has a market cap of $18.30 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 1.06 and a beta of 1.85. The stock has a fifty day simple moving average of $44.01 and a two-hundred day simple moving average of $46.74. 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.

Carlyle Group (NASDAQ:CG - Get Free Report) last posted its earnings results on Friday, May 9th. The financial services provider reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.17. The business had revenue of $973.10 million during the quarter, compared to analyst estimates of $972.27 million. Carlyle Group had a return on equity of 23.78% and a net margin of 19.00%. The company's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.01 EPS. Equities analysts predict that Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th were paid a $0.35 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.76%. Carlyle Group's dividend payout ratio (DPR) is currently 47.46%.

Carlyle Group 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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