Impact Partnership Wealth LLC Has $862,000 Stock Holdings in Carlyle Group Inc. (NASDAQ:CG)

Impact Partnership Wealth LLC increased its holdings in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 69.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,775 shares of the financial services provider's stock after buying an additional 8,100 shares during the quarter. Impact Partnership Wealth LLC's holdings in Carlyle Group were worth $862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its stake in shares of Carlyle Group by 201.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,351,432 shares of the financial services provider's stock worth $320,684,000 after buying an additional 4,244,131 shares during the last quarter. Frontier Capital Management Co. LLC raised its holdings in Carlyle Group by 98.8% in the 4th quarter. Frontier Capital Management Co. LLC now owns 2,455,963 shares of the financial services provider's stock worth $124,002,000 after purchasing an additional 1,220,827 shares during the period. Norges Bank acquired a new position in Carlyle Group in the 4th quarter worth about $44,532,000. Deutsche Bank AG raised its holdings in Carlyle Group by 250.1% in the 4th quarter. Deutsche Bank AG now owns 1,041,816 shares of the financial services provider's stock worth $52,601,000 after purchasing an additional 744,238 shares during the period. Finally, National Bank of Canada FI raised its holdings in Carlyle Group by 80.3% in the 4th quarter. National Bank of Canada FI now owns 1,318,766 shares of the financial services provider's stock worth $66,595,000 after purchasing an additional 587,173 shares during the period. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CG. JMP Securities increased their target price on Carlyle Group from $58.00 to $70.00 and gave the company a "market outperform" rating in a report on Monday, July 14th. TD Cowen raised Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 target price for the company in a report on Wednesday, May 14th. Evercore ISI increased their price target on Carlyle Group from $45.00 to $58.00 and gave the company an "in-line" rating in a report on Thursday, July 10th. Bank of America cut their price target on Carlyle Group from $47.00 to $46.00 and set an "underperform" rating for the company in a report on Friday, April 4th. Finally, Barclays reaffirmed an "overweight" rating and issued a $64.00 price target (up previously from $49.00) on shares of Carlyle Group in a report on Thursday, July 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $57.73.

Carlyle Group Stock Performance

Carlyle Group stock traded up $0.06 during mid-day trading on Friday, reaching $60.17. The company had a trading volume of 1,703,756 shares, compared to its average volume of 2,682,642. 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 Inc. has a 52 week low of $33.02 and a 52 week high of $60.64. The company has a 50 day moving average of $49.59 and a 200-day moving average of $47.26. The firm has a market cap of $21.73 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 1.15 and a beta of 1.86.

Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The financial services provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.17. The firm had revenue of $973.10 million during the quarter, compared to analysts' expectations of $972.27 million. Carlyle Group had a net margin of 19.00% and a return on equity of 23.78%. The company's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.01 EPS. On average, sell-side analysts expect that Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

Carlyle Group Dividend Announcement

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 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 2.33%. Carlyle Group's payout ratio is 47.46%.

Carlyle Group Company 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.