TD Private Client Wealth LLC Boosts Position in Carlyle Group Inc. (NASDAQ:CG)

TD Private Client Wealth LLC raised its position in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 2,157.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,069 shares of the financial services provider's stock after purchasing an additional 9,623 shares during the period. TD Private Client Wealth LLC's holdings in Carlyle Group were worth $439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CG. Whipplewood Advisors LLC lifted its position in shares of 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. Private Trust Co. NA raised its stake in Carlyle Group by 101.9% during the 1st quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock worth $28,000 after acquiring an additional 321 shares in the last quarter. Main Street Group LTD acquired a new position in Carlyle Group in the fourth quarter valued at $29,000. LRI Investments LLC acquired a new stake in shares of Carlyle Group during the fourth quarter worth about $32,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Carlyle Group by 117.2% in the 1st quarter. Farther Finance Advisors LLC now owns 973 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 525 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Group Price Performance

NASDAQ CG traded down $0.15 during mid-day trading on Friday, hitting $58.35. The stock had a trading volume of 2,297,335 shares, compared to its average volume of 2,675,924. The company has a 50 day simple moving average of $47.41 and a 200 day simple moving average of $46.96. The company has a market cap of $21.07 billion, a price-to-earnings ratio of 15.44, a P/E/G ratio of 1.22 and a beta of 1.86. Carlyle Group Inc. has a 52-week low of $33.02 and a 52-week high of $58.84. 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 (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 analysts' consensus estimates of $0.97 by $0.17. Carlyle Group had a return on equity of 23.78% and a net margin of 19.00%. The company had revenue of $973.10 million during the quarter, compared to analysts' expectations of $972.27 million. During the same period in the previous year, the firm posted $1.01 earnings per share. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. Equities analysts forecast that Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were paid a $0.35 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.40 annualized dividend and a yield of 2.40%. Carlyle Group's payout ratio is currently 47.46%.

Wall Street Analysts Forecast Growth

CG has been the subject of a number of research reports. 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 research note on Wednesday, May 14th. Bank of America decreased their price target on shares of Carlyle Group from $47.00 to $46.00 and set an "underperform" rating for the company in a research note on Friday, April 4th. Keefe, Bruyette & Woods lifted 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 note on Monday, May 12th. Oppenheimer downgraded shares of Carlyle Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Finally, Citigroup raised Carlyle Group from a "neutral" rating to a "buy" rating and upped their price objective for the company from $44.00 to $65.00 in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $56.93.

About Carlyle Group

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.