New York State Teachers Retirement System acquired a new stake in The Carlyle Group Inc. (NASDAQ:CG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 33,146 shares of the financial services provider's stock, valued at approximately $1,349,000.
A number of other hedge funds have also modified their holdings of CG. AdvisorNet Financial Inc raised its position in The Carlyle Group by 125.5% in the 3rd quarter. AdvisorNet Financial Inc now owns 814 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 453 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in shares of The Carlyle Group in the 1st quarter valued at approximately $31,000. CVA Family Office LLC purchased a new position in shares of The Carlyle Group in the 4th quarter valued at approximately $35,000. UniSuper Management Pty Ltd purchased a new position in shares of The Carlyle Group in the 2nd quarter valued at approximately $45,000. Finally, Clear Street Markets LLC purchased a new position in shares of The Carlyle Group in the 3rd quarter valued at approximately $50,000. 55.88% of the stock is currently owned by hedge funds and other institutional investors.
The Carlyle Group Trading Down 2.1 %
Shares of NASDAQ CG traded down $0.95 on Thursday, hitting $43.68. The company had a trading volume of 2,776,099 shares, compared to its average volume of 2,306,860. The Carlyle Group Inc. has a 12-month low of $25.20 and a 12-month high of $48.52. The business has a 50 day moving average of $45.85 and a two-hundred day moving average of $38.88. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.27 and a quick ratio of 2.27.
The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its earnings results on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.08. The company had revenue of $896.40 million during the quarter, compared to the consensus estimate of $860.68 million. The Carlyle Group had a positive return on equity of 19.74% and a negative net margin of 20.53%. The company's revenue was down 15.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 earnings per share. As a group, research analysts predict that The Carlyle Group Inc. will post 3.93 EPS for the current fiscal year.
The Carlyle Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 23rd were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date was Thursday, February 22nd. The Carlyle Group's dividend payout ratio is currently -82.84%.
Wall Street Analyst Weigh In
Several brokerages have weighed in on CG. Citigroup lifted their target price on The Carlyle Group from $41.00 to $45.00 and gave the company a "neutral" rating in a research note on Thursday, February 8th. TD Cowen initiated coverage on The Carlyle Group in a research note on Thursday, January 4th. They issued a "market perform" rating and a $42.00 price target on the stock. TheStreet downgraded The Carlyle Group from a "b-" rating to a "c" rating in a research note on Wednesday, February 7th. Barclays lifted their price target on The Carlyle Group from $55.00 to $56.00 and gave the company an "overweight" rating in a research note on Monday, April 8th. Finally, UBS Group lifted their price target on The Carlyle Group from $46.00 to $50.00 and gave the company a "neutral" rating in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, The Carlyle Group presently has a consensus rating of "Hold" and an average target price of $43.07.
View Our Latest Report on CG
Insider Activity at The Carlyle Group
In other The Carlyle Group news, major shareholder Carlyle Group Inc. purchased 190,000 shares of The Carlyle Group stock in a transaction that occurred on Thursday, February 8th. The stock was purchased at an average price of $12.95 per share, with a total value of $2,460,500.00. Following the completion of the acquisition, the insider now owns 1,066,189 shares of the company's stock, valued at approximately $13,807,147.55. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 27.00% of the stock is currently owned by company insiders.
The Carlyle Group Profile
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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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