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TD Private Client Wealth LLC Acquires 9,623 Shares of Carlyle Group Inc. (NASDAQ:CG)

Published 1 day ago5 minute read

TD Private Client Wealth LLC boosted its holdings in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 2,157.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,069 shares of the financial services provider's stock after acquiring an additional 9,623 shares during the period. TD Private Client Wealth LLC's holdings in Carlyle Group were worth $439,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA raised its stake in shares of Carlyle Group by 201.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,351,432 shares of the financial services provider's stock valued at $320,684,000 after purchasing an additional 4,244,131 shares during the period. William Blair Investment Management LLC raised its stake in shares of Carlyle Group by 15.5% in the 4th quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider's stock valued at $668,990,000 after purchasing an additional 1,773,465 shares during the period. Frontier Capital Management Co. LLC raised its stake in shares of Carlyle Group by 98.8% in the 4th quarter. Frontier Capital Management Co. LLC now owns 2,455,963 shares of the financial services provider's stock valued at $124,002,000 after purchasing an additional 1,220,827 shares during the period. Norges Bank acquired a new stake in shares of Carlyle Group in the 4th quarter valued at about $44,532,000. Finally, Deutsche Bank AG raised its stake in shares of Carlyle Group by 250.1% in the 4th quarter. Deutsche Bank AG now owns 1,041,816 shares of the financial services provider's stock valued at $52,601,000 after purchasing an additional 744,238 shares during the period. 55.88% of the stock is currently owned by institutional investors.

Carlyle Group stock opened at $58.50 on Friday. Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $58.84. The stock has a market capitalization of $21.13 billion, a P/E ratio of 19.83, a PEG ratio of 1.21 and a beta of 1.86. The stock has a 50-day simple moving average of $47.41 and a 200 day simple moving average of $46.96. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.36 and a current ratio of 2.36.

Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.17. Carlyle Group had a return on equity of 23.78% and a net margin of 19.00%. The company had revenue of $973.10 million during the quarter, compared to analysts' expectations of $972.27 million. During the same quarter in the previous year, the company posted $1.01 earnings per share. The business's revenue was up 2.0% on a year-over-year basis. Analysts expect that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Monday, May 19th. Carlyle Group's dividend payout ratio is presently 47.46%.

CG has been the topic of several recent research reports. Bank of America dropped their price target on Carlyle Group from $47.00 to $46.00 and set an "underperform" rating on the stock in a research note on Friday, April 4th. Morgan Stanley lowered their target price on Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Oppenheimer downgraded Carlyle Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Keefe, Bruyette & Woods lifted their target price on Carlyle Group from $43.00 to $45.00 and gave the company a "market perform" rating in a research report on Monday, May 12th. Finally, TD Cowen raised Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 target price on the stock in a research report on Wednesday, May 14th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Carlyle Group currently has a consensus rating of "Hold" and a consensus price target of $56.13.

Check Out Our Latest Research Report on 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.

Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carlyle Group Inc. (NASDAQ:CG - Free Report).

Institutional Ownership by Quarter for Carlyle Group (NASDAQ:CG)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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