Simplicity Wealth LLC Acquires Shares of 42,334 The Carlyle Group Inc. (NASDAQ:CG)

Simplicity Wealth LLC acquired a new stake in The Carlyle Group Inc. (NASDAQ:CG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 42,334 shares of the financial services provider's stock, valued at approximately $1,986,000.

Other institutional investors also recently bought and sold shares of the company. CIBC Asset Management Inc boosted its position in shares of The Carlyle Group by 12.1% during the 3rd quarter. CIBC Asset Management Inc now owns 7,298 shares of the financial services provider's stock worth $220,000 after purchasing an additional 789 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of The Carlyle Group by 2.3% in the 3rd quarter. Teacher Retirement System of Texas now owns 16,797 shares of the financial services provider's stock worth $507,000 after buying an additional 372 shares in the last quarter. Nisa Investment Advisors LLC purchased a new stake in shares of The Carlyle Group in the 3rd quarter worth about $187,000. Asahi Life Asset Management CO. LTD. purchased a new stake in shares of The Carlyle Group in the 3rd quarter worth about $257,000. Finally, Principal Financial Group Inc. boosted its position in shares of The Carlyle Group by 5.5% in the 3rd quarter. Principal Financial Group Inc. now owns 16,575 shares of the financial services provider's stock worth $500,000 after buying an additional 862 shares in the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

The Carlyle Group Price Performance

The Carlyle Group stock traded up $0.32 during midday trading on Monday, hitting $43.37. The company's stock had a trading volume of 1,383,432 shares, compared to its average volume of 2,243,357. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 1.53. The stock's 50-day moving average price is $45.00 and its 200-day moving average price is $41.31. The Carlyle Group Inc. has a 12 month low of $27.13 and a 12 month high of $48.52. The company has a market capitalization of $15.61 billion, a PE ratio of -24.23, a price-to-earnings-growth ratio of 1.13 and a beta of 1.77.

The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.09. The firm had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $986.10 million. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The Carlyle Group's revenue was up 35.6% on a year-over-year basis. During the same quarter last year, the business posted $0.63 EPS. Analysts anticipate that The Carlyle Group Inc. will post 3.92 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 14th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, May 13th. This represents a $1.40 annualized dividend and a yield of 3.23%. The Carlyle Group's dividend payout ratio (DPR) is presently -78.21%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. The Goldman Sachs Group reduced their target price on shares of The Carlyle Group from $54.00 to $48.00 and set a "buy" rating on the stock in a report on Thursday, May 2nd. TheStreet downgraded shares of The Carlyle Group from a "b-" rating to a "c" rating in a research note on Wednesday, February 7th. JPMorgan Chase & Co. upped their price objective on shares of The Carlyle Group from $39.00 to $45.00 and gave the company an "overweight" rating in a research note on Thursday, February 8th. UBS Group upped their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the company a "neutral" rating in a research note on Friday, April 12th. Finally, Morgan Stanley upped their price objective on shares of The Carlyle Group from $34.00 to $40.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $45.60.

The Carlyle Group 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.

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