Intech Investment Management LLC Increases Stock Position in The Carlyle Group Inc. (NASDAQ:CG)
A number of other hedge funds have also recently made changes to their positions in the stock. Golden State Wealth Management LLC acquired a new position in The Carlyle Group in the 4th quarter valued at about $25,000. National Pension Service acquired a new stake in The Carlyle Group during the 4th quarter worth approximately $25,000. Valley National Advisers Inc. boosted its holdings in The Carlyle Group by 149.3% in 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 during the period. Nisa Investment Advisors LLC grew its position in shares of The Carlyle Group by 253.1% during 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, Brooklyn Investment Group acquired a new position in shares of The Carlyle Group in the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.
Several research firms recently weighed in on CG. StockNews.com lowered shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Evercore ISI boosted their price objective on The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 12th. Wolfe Research upgraded shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 target price for the company in a report on Friday, January 3rd. Wells Fargo & Company dropped their target price on shares of The Carlyle Group from $54.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, Barclays dropped their price target on shares of The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $54.53.
Check Out Our Latest Stock Analysis on The Carlyle Group
NASDAQ:CG opened at $44.13 on Monday. 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 52 week low of $36.65 and a 52 week high of $57.50. The firm’s 50-day simple moving average is $50.05 and its 200 day simple moving average is $49.31. The firm has a market cap of $15.94 billion, a price-to-earnings ratio of 15.87, a P/E/G ratio of 0.98 and a beta of 1.73.
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 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. As a group, sell-side analysts predict that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.
The company also recently announced 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 yield of 3.17%. The Carlyle Group’s payout ratio is 50.36%.
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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