GAMMA Investing LLC Purchases 267,585 Shares of The Carlyle Group Inc. (NASDAQ:CG)

GAMMA Investing LLC boosted its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 4,898.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 273,048 shares of the financial services provider's stock after buying an additional 267,585 shares during the period. GAMMA Investing LLC owned approximately 0.08% of The Carlyle Group worth $11,902,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Wellington Management Group LLP grew its stake in The Carlyle Group by 4.1% in the fourth quarter. Wellington Management Group LLP now owns 8,664 shares of the financial services provider's stock valued at $437,000 after purchasing an additional 344 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ purchased a new position in The Carlyle Group in the fourth quarter valued at about $3,747,000. Siemens Fonds Invest GmbH bought a new stake in shares of The Carlyle Group during the 4th quarter worth about $90,000. American Trust boosted its stake in shares of The Carlyle Group by 6.8% during the 4th quarter. American Trust now owns 5,320 shares of the financial services provider's stock worth $269,000 after acquiring an additional 340 shares in the last quarter. Finally, Forum Financial Management LP bought a new stake in shares of The Carlyle Group during the 4th quarter worth about $330,000. 55.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Oppenheimer downgraded The Carlyle Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Keefe, Bruyette & Woods increased their target price on The Carlyle Group from $43.00 to $45.00 and gave the company a "market perform" rating in a research note on Monday, May 12th. Evercore ISI increased their target price on The Carlyle Group from $51.00 to $52.00 and gave the company an "in-line" rating in a research note on Wednesday, February 12th. JMP Securities decreased their target price on The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Finally, TD Cowen upgraded The Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 target price for the company in a research note on Wednesday, May 14th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, The Carlyle Group has a consensus rating of "Hold" and a consensus target price of $53.00.

The Carlyle Group Price Performance

The Carlyle Group stock traded up $1.04 during mid-day trading on Friday, hitting $46.28. 1,331,861 shares of the company were exchanged, compared to its average volume of 2,646,803. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42. The business has a fifty day moving average of $41.21 and a 200 day moving average of $47.19. The Carlyle Group Inc. has a 1-year low of $33.02 and a 1-year high of $57.50. The company has a market capitalization of $16.71 billion, a PE ratio of 16.65, 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 earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.17. The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. The company had revenue of $973.10 million during the quarter, compared to analyst estimates of $972.27 million. During the same period last year, the company posted $1.01 earnings per share. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts expect that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.

The Carlyle Group Announces Dividend

The firm also recently announced 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 of this dividend was Monday, May 19th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.03%. The Carlyle Group's dividend payout ratio (DPR) is presently 47.46%.

The 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.