Janney Montgomery Scott LLC decreased its holdings in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 7.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,340 shares of the financial services provider's stock after selling 6,034 shares during the period. Janney Montgomery Scott LLC's holdings in Carlyle Group were worth $3,197,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in CG. Bank Pictet & Cie Europe AG bought a new stake in Carlyle Group in the fourth quarter valued at $215,000. Principal Securities Inc. increased its position in Carlyle Group by 54.5% in the 4th quarter. Principal Securities Inc. now owns 1,403 shares of the financial services provider's stock valued at $71,000 after buying an additional 495 shares in the last quarter. Truist Financial Corp raised its stake in Carlyle Group by 6.0% during the 4th quarter. Truist Financial Corp now owns 40,687 shares of the financial services provider's stock worth $2,054,000 after buying an additional 2,316 shares during the period. Concurrent Investment Advisors LLC bought a new position in Carlyle Group in the fourth quarter worth approximately $354,000. Finally, IFP Advisors Inc increased its holdings in shares of Carlyle Group by 46.9% during the fourth quarter. IFP Advisors Inc now owns 1,329 shares of the financial services provider's stock valued at $67,000 after acquiring an additional 424 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors.
Carlyle Group Stock Performance
Shares of NASDAQ CG traded up $0.50 during mid-day trading on Friday, reaching $51.17. 5,027,018 shares of the company's stock were exchanged, compared to its average volume of 2,640,004. The firm has a market capitalization of $18.48 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 1.10 and a beta of 1.85. The firm has a 50-day moving average price of $44.31 and a two-hundred day moving average price of $46.68. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.36 and a quick ratio of 2.36. Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $57.50.
Carlyle Group (NASDAQ:CG - Get Free Report) last released 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 firm had revenue of $973.10 million for 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% on a year-over-year basis. During the same period in the previous year, the company earned $1.01 earnings per share. Analysts predict that Carlyle Group Inc. will post 4.48 EPS for the current year.
Carlyle Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date was Monday, May 19th. Carlyle Group's dividend payout ratio is currently 47.46%.
Analyst Ratings Changes
Several analysts recently issued reports on CG shares. Keefe, Bruyette & Woods lifted 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 report on Monday, May 12th. Bank of America reduced their price objective on shares of Carlyle Group from $47.00 to $46.00 and set an "underperform" rating for the company in a report on Friday, April 4th. Barclays upped their target price on shares of Carlyle Group from $43.00 to $49.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. TD Cowen raised Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price objective for the company in a report on Wednesday, May 14th. Finally, Morgan Stanley dropped their target price on Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Two equities 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. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $53.00.
View Our Latest Stock Analysis on CG
About 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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