Alliancebernstein L.P. Purchases 112,185 Shares of The Carlyle Group Inc. (NASDAQ:CG)
Alliancebernstein L.P. lifted its position in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 38.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 403,359 shares of the financial services provider's stock after buying an additional 112,185 shares during the quarter. Alliancebernstein L.P. owned approximately 0.11% of The Carlyle Group worth $20,366,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of CG. Golden State Wealth Management LLC bought a new position in shares of The Carlyle Group during the fourth quarter worth $25,000. National Pension Service bought a new position in shares of The Carlyle Group during the 4th quarter valued at about $25,000. Valley National Advisers Inc. grew 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 valued at $27,000 after purchasing an additional 327 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of The Carlyle Group by 253.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider's stock worth $29,000 after buying an additional 405 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its stake in The Carlyle Group by 8,090.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider's stock valued at $45,000 after buying an additional 890 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company's stock.
Shares of CG opened at $36.92 on Tuesday. 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 firm has a market capitalization of $13.34 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 0.98 and a beta of 1.72. The company has a 50-day moving average of $47.43 and a 200 day moving average of $49.56. The Carlyle Group Inc. has a 1-year low of $33.02 and a 1-year high of $57.50.
The Carlyle Group (NASDAQ:CG - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. On average, research analysts expect that The Carlyle Group Inc. will post 4.48 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.40 annualized dividend and a dividend yield of 3.79%. The Carlyle Group's payout ratio is currently 50.36%.
Several analysts have recently issued reports on CG shares. Oppenheimer cut The Carlyle Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Barclays decreased their price target on shares of The Carlyle Group from $55.00 to $43.00 and set an "overweight" rating on the stock in a research note on Monday. Evercore ISI boosted their target price on shares of The Carlyle Group from $51.00 to $52.00 and gave the stock an "in-line" rating in a report on Wednesday, February 12th. Wells Fargo & Company lowered their price target on shares of The Carlyle Group from $54.00 to $48.00 and set an "equal weight" rating for the company in a report on Thursday, March 20th. Finally, StockNews.com cut The Carlyle Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $53.25.
View Our Latest Report on The Carlyle Group
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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