Prentice Wealth Management LLC Invests $254,000 in Carlyle Group Inc. (NASDAQ:CG)

Prentice Wealth Management LLC bought a new stake in Carlyle Group Inc. (NASDAQ:CG - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 5,820 shares of the financial services provider's stock, valued at approximately $254,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Arizona State Retirement System increased its stake in shares of Carlyle Group by 0.3% during the 4th quarter. Arizona State Retirement System now owns 67,239 shares of the financial services provider's stock valued at $3,395,000 after acquiring an additional 220 shares during the last quarter. Aviva PLC raised its holdings in Carlyle Group by 1.3% in the fourth quarter. Aviva PLC now owns 17,408 shares of the financial services provider's stock valued at $879,000 after buying an additional 227 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Carlyle Group by 0.6% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 46,607 shares of the financial services provider's stock valued at $2,353,000 after buying an additional 258 shares in the last quarter. O ROURKE & COMPANY Inc grew its stake in Carlyle Group by 1.5% during the fourth quarter. O ROURKE & COMPANY Inc now owns 17,990 shares of the financial services provider's stock worth $908,000 after buying an additional 266 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in shares of Carlyle Group by 31.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,229 shares of the financial services provider's stock worth $62,000 after acquiring an additional 296 shares in the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Cowen raised shares of Carlyle Group from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Oppenheimer downgraded Carlyle Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Bank of America reduced their price target on Carlyle Group from $47.00 to $46.00 and set an "underperform" rating on the stock in a research report on Friday, April 4th. Keefe, Bruyette & Woods increased their price objective 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. Finally, Wells Fargo & Company boosted their target price on shares of Carlyle Group from $45.00 to $49.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. Two 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, the company presently has a consensus rating of "Hold" and an average target price of $53.00.

Carlyle Group Stock Up 2.1%

Shares of Carlyle Group stock traded up $0.97 during trading on Wednesday, reaching $47.07. The company had a trading volume of 2,589,132 shares, compared to its average volume of 2,628,492. The company has a market cap of $17.00 billion, a price-to-earnings ratio of 15.96, a price-to-earnings-growth ratio of 1.01 and a beta of 1.85. Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $57.50. The firm's fifty day moving average is $42.41 and its 200-day moving average is $46.92. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.36 and a current ratio of 2.36.

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

Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were given 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 2.97%. Carlyle Group's dividend payout ratio is currently 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.