Franklin Street Advisors Inc. NC Boosts Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Franklin Street Advisors Inc. NC boosted its stake in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 97.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 692,173 shares of the financial services provider's stock after buying an additional 342,189 shares during the period. The Carlyle Group accounts for about 2.1% of Franklin Street Advisors Inc. NC's investment portfolio, making the stock its 12th biggest holding. Franklin Street Advisors Inc. NC owned approximately 0.19% of The Carlyle Group worth $30,172,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. SG Americas Securities LLC increased its position in shares of The Carlyle Group by 684.5% in the 1st quarter. SG Americas Securities LLC now owns 247,836 shares of the financial services provider's stock valued at $10,803,000 after acquiring an additional 216,244 shares during the period. GAMMA Investing LLC increased its position in shares of The Carlyle Group by 14.7% in the 1st quarter. GAMMA Investing LLC now owns 6,264 shares of the financial services provider's stock valued at $273,000 after acquiring an additional 801 shares during the period. Farther Finance Advisors LLC increased its position in shares of The 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 acquiring an additional 525 shares during the period. Daymark Wealth Partners LLC increased its position in shares of The Carlyle Group by 106.8% in the 1st quarter. Daymark Wealth Partners LLC now owns 10,014 shares of the financial services provider's stock valued at $437,000 after acquiring an additional 5,172 shares during the period. Finally, Wesbanco Bank Inc. increased its position in shares of The Carlyle Group by 26.9% in the 1st quarter. Wesbanco Bank Inc. now owns 177,891 shares of the financial services provider's stock valued at $7,754,000 after acquiring an additional 37,659 shares during the period. Hedge funds and other institutional investors own 55.88% of the company's stock.

The Carlyle Group Trading Down 3.2%

CG traded down $1.53 during trading hours on Friday, reaching $46.19. The company's stock had a trading volume of 1,783,774 shares, compared to its average volume of 2,634,604. The Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $57.50. The stock 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 business's 50-day moving average is $42.04 and its 200-day moving average is $47.01. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32.

The Carlyle Group (NASDAQ:CG - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The financial services provider reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.17. The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. The firm had revenue of $973.10 million for the quarter, compared to analysts' expectations of $972.27 million. During the same period in the prior year, the firm posted $1.01 earnings per share. The firm's quarterly revenue was up 2.0% on a year-over-year basis. As a group, equities research analysts predict that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors 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 3.03%. The Carlyle Group's dividend payout ratio (DPR) is presently 47.46%.

Analyst Upgrades and Downgrades

CG has been the topic of several analyst reports. Wells Fargo & Company increased their price target on The Carlyle Group from $45.00 to $49.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. Morgan Stanley dropped their target price on The Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. JMP Securities dropped their target price on The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Barclays raised their target price on The Carlyle Group from $43.00 to $49.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Finally, Wall Street Zen cut The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. 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 stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $53.00.

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.