Janney Montgomery Scott LLC lessened its holdings in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 7.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund 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.
Other large investors also recently made changes to their positions in the company. Prentice Wealth Management LLC bought a new position in Carlyle Group in the first quarter valued at about $254,000. Dynamic Advisor Solutions LLC lifted its stake in Carlyle Group by 6.5% in the first quarter. Dynamic Advisor Solutions LLC now owns 5,147 shares of the financial services provider's stock valued at $224,000 after buying an additional 314 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Carlyle Group by 105.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,929 shares of the financial services provider's stock valued at $476,000 after buying an additional 5,611 shares during the period. Allen Mooney & Barnes Investment Advisors LLC acquired a new stake in shares of Carlyle Group during the first quarter worth about $13,354,000. Finally, Greenwood Capital Associates LLC acquired a new stake in shares of Carlyle Group during the first quarter worth about $446,000. Institutional investors own 55.88% of the company's stock.
Carlyle Group Stock Performance
NASDAQ:CG opened at $49.13 on Wednesday. The stock has a market cap of $17.74 billion, a P/E ratio of 16.65, a PEG ratio of 1.01 and a beta of 1.85. The stock has a 50 day simple moving average of $43.43 and a 200 day simple moving average of $46.74. 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 Inc. has a 1-year low of $33.02 and a 1-year high of $57.50.
Carlyle Group (NASDAQ:CG - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.17. The business had revenue of $973.10 million during the quarter, compared to analysts' expectations of $972.27 million. Carlyle Group had a return on equity of 23.78% and a net margin of 19.00%. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $1.01 EPS. Research analysts anticipate that Carlyle Group Inc. will post 4.48 earnings per share for the current year.
Carlyle Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were issued a $0.35 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.40 annualized dividend and a yield of 2.85%. Carlyle Group's dividend payout ratio is presently 47.46%.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the company. Cowen raised Carlyle Group from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. TD Cowen upgraded 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. Morgan Stanley decreased their price objective on Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Oppenheimer downgraded Carlyle Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Finally, Bank of America decreased their price objective on Carlyle Group from $47.00 to $46.00 and set an "underperform" rating for the company in a report on Friday, April 4th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Carlyle Group currently has an average rating of "Hold" and a consensus price target of $53.00.
Read Our Latest Stock Analysis on Carlyle Group
Carlyle Group Company Profile
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Carlyle Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Carlyle Group wasn't on the list.
While Carlyle Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
