MML Investors Services LLC lifted its position in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 52.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,097 shares of the financial services provider's stock after purchasing an additional 9,012 shares during the period. MML Investors Services LLC's holdings in The Carlyle Group were worth $1,318,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. National Pension Service bought a new stake in shares of The Carlyle Group in the 4th quarter valued at about $25,000. Golden State Wealth Management LLC purchased a new position in The Carlyle Group in the fourth quarter worth $25,000. Valley National Advisers Inc. increased its position in shares of The Carlyle Group by 149.3% during the fourth quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider's stock worth $27,000 after purchasing an additional 327 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of The Carlyle Group by 253.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider's stock worth $29,000 after purchasing an additional 405 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB grew its stake in The Carlyle Group by 8,090.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider's stock worth $45,000 after buying an additional 890 shares during the last quarter. Institutional investors own 55.88% of the company's stock.
The Carlyle Group Trading Up 4.1 %
NASDAQ CG traded up $1.60 during trading hours on Friday, hitting $40.76. 1,754,464 shares of the company's stock were exchanged, compared to its average volume of 2,582,411. The business's 50 day moving average is $41.10 and its 200-day moving average is $48.33. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32. The Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month high of $57.50. The firm has a market capitalization of $14.71 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 0.98 and a beta of 1.72.
The Carlyle Group (NASDAQ:CG - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing analysts' consensus estimates of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. As a group, analysts anticipate that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.
The Carlyle Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date was Friday, February 21st. The Carlyle Group's dividend payout ratio is presently 50.36%.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on CG. Wells Fargo & Company lowered their price target on The Carlyle Group from $48.00 to $39.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. TD Cowen cut their price target on shares of The Carlyle Group from $54.00 to $37.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. StockNews.com cut shares of The Carlyle Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. JMP Securities cut their price objective on shares of The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Finally, Evercore ISI boosted their target price on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an "in-line" rating in a research report on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $50.88.
Check Out Our Latest Analysis on The Carlyle Group
About The Carlyle Group
(
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.
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