Greenwood Capital Associates LLC acquired a new stake in The Carlyle Group Inc. (NASDAQ:CG - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 10,223 shares of the financial services provider's stock, valued at approximately $446,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in shares of The Carlyle Group during the 4th quarter worth $25,000. National Pension Service acquired a new position in shares of The Carlyle Group during the 4th quarter worth $25,000. Whipplewood Advisors LLC raised its stake in shares of The Carlyle Group by 5,100.0% during the 1st quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider's stock worth $25,000 after buying an additional 561 shares during the last quarter. Main Street Group LTD acquired a new position in shares of The Carlyle Group during the 4th quarter worth $29,000. Finally, LRI Investments LLC acquired a new position in shares of The Carlyle Group during the 4th quarter worth $32,000. 55.88% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports 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. Wall Street Zen downgraded shares of The Carlyle Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Citigroup cut their target price on shares of The Carlyle Group from $55.00 to $39.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods boosted their target price on shares of 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. Finally, JMP Securities cut their target price on shares of 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. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $53.00.
Get Our Latest Stock Report on The Carlyle Group
The Carlyle Group Stock Performance
NASDAQ CG traded up $0.85 during trading on Monday, hitting $47.04. The company's stock had a trading volume of 1,469,013 shares, compared to its average volume of 2,629,942. 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 firm has a 50 day moving average price of $42.28 and a 200 day moving average price of $46.93. The firm has a market cap of $16.99 billion, a P/E ratio of 16.92, a price-to-earnings-growth ratio of 0.98 and a beta of 1.85. The Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $57.50.
The Carlyle Group (NASDAQ:CG - Get Free Report) last announced its quarterly 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 analyst estimates of $972.27 million. The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. The Carlyle Group's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.01 EPS. Equities research analysts forecast that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.
The Carlyle Group Announces Dividend
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 dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend was Monday, May 19th. The Carlyle Group's dividend payout ratio (DPR) is presently 47.46%.
About The Carlyle Group
(
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.
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