Victory Capital Management Inc. Has $3.81 Million Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)
Victory Capital Management Inc. raised its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 88.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,420 shares of the financial services provider's stock after purchasing an additional 35,437 shares during the quarter. Victory Capital Management Inc.'s holdings in The Carlyle Group were worth $3,808,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. National Pension Service bought a new position in The Carlyle Group during the 4th quarter worth $25,000. Golden State Wealth Management LLC bought a new position in The Carlyle Group during the 4th quarter worth $25,000. Valley National Advisers Inc. increased its position in The Carlyle Group by 149.3% during the 4th quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider's stock worth $27,000 after buying an additional 327 shares during the period. Nisa Investment Advisors LLC increased 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 purchasing an additional 405 shares during the period. Finally, Brooklyn Investment Group bought a new position in shares of The Carlyle Group in the third quarter worth $33,000. Institutional investors and hedge funds own 55.88% of the company's stock.
CG stock opened at $42.36 on Friday. The stock's fifty day simple moving average is $50.89 and its two-hundred day simple moving average is $49.10. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.42. The Carlyle Group Inc. has a 1-year low of $36.65 and a 1-year high of $57.50. The stock has a market cap of $15.30 billion, a P/E ratio of 15.24, a P/E/G ratio of 0.98 and a beta of 1.73.
The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing analysts' consensus estimates of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. Analysts expect that The Carlyle Group Inc. will post 4.48 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a yield of 3.31%. The Carlyle Group's dividend payout ratio is currently 50.36%.
A number of research firms have issued reports on CG. Barclays decreased their target price on The Carlyle Group from $60.00 to $55.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 12th. Wolfe Research upgraded The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 target price on the stock in a research report on Friday, January 3rd. StockNews.com cut The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Evercore ISI lifted their target price on The Carlyle Group from $51.00 to $52.00 and gave the company an "in-line" rating in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company cut their price target on The Carlyle Group from $56.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. 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. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $54.93.
Get Our Latest Research 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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