Zhang Financial LLC Buys 6,499 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Zhang Financial LLC increased its position in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 47.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,332 shares of the financial services provider's stock after purchasing an additional 6,499 shares during the quarter. Zhang Financial LLC's holdings in The Carlyle Group were worth $886,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in The Carlyle Group in the 4th quarter valued at about $25,000. National Pension Service bought a new position in shares of The Carlyle Group during the fourth quarter worth approximately $25,000. Whipplewood Advisors LLC lifted its holdings in The 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 purchasing an additional 561 shares during the last quarter. Main Street Group LTD acquired a new position in The Carlyle Group in the 4th quarter valued at $29,000. Finally, LRI Investments LLC bought a new position in The Carlyle Group during the 4th quarter worth $32,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Oppenheimer downgraded The Carlyle Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. TD Cowen raised The Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price target for the company in a research note on Wednesday, May 14th. Keefe, Bruyette & Woods lifted their price objective on The Carlyle Group from $43.00 to $45.00 and gave the stock a "market perform" rating in a research report on Monday, May 12th. Cowen raised shares of The Carlyle Group from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Finally, Wells Fargo & Company lifted their price target on shares of The Carlyle Group from $45.00 to $49.00 and gave the company an "equal weight" rating in a research report on Friday, May 23rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $53.00.

The Carlyle Group Price Performance

CG stock traded down $1.53 on Friday, reaching $46.19. 1,783,774 shares of the company's stock were exchanged, compared to its average volume of 2,635,184. The Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $57.50. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42. The firm has a market cap of $16.68 billion, a PE ratio of 16.62, a P/E/G ratio of 0.98 and a beta of 1.85. The stock has a fifty day moving average of $41.83 and a 200-day moving average of $47.10.

The Carlyle Group (NASDAQ:CG - Get Free Report) last announced its quarterly earnings data 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 Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. The business had revenue of $973.10 million for the quarter, compared to analyst estimates of $972.27 million. During the same period in the prior year, the firm posted $1.01 EPS. The company's revenue was up 2.0% on a year-over-year basis. As a group, equities analysts predict that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date was Monday, May 19th. The Carlyle Group's payout ratio is currently 47.46%.

The 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.