Legacy Capital Wealth Partners LLC trimmed its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 21.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 64,049 shares of the financial services provider's stock after selling 17,403 shares during the period. The Carlyle Group makes up 0.7% of Legacy Capital Wealth Partners LLC's investment portfolio, making the stock its 25th largest holding. Legacy Capital Wealth Partners LLC's holdings in The Carlyle Group were worth $2,606,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of CG. CVA Family Office LLC purchased a new stake in The Carlyle Group in the 4th quarter valued at $35,000. GAMMA Investing LLC purchased a new stake in The Carlyle Group in the 4th quarter valued at $38,000. Clear Street Markets LLC purchased a new stake in The Carlyle Group in the 3rd quarter valued at $50,000. Ramirez Asset Management Inc. bought a new position in The Carlyle Group in the 3rd quarter valued at $84,000. Finally, Banque Cantonale Vaudoise grew its stake in The Carlyle Group by 25.8% in the 3rd quarter. Banque Cantonale Vaudoise now owns 2,893 shares of the financial services provider's stock valued at $87,000 after purchasing an additional 593 shares during the period. 55.88% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
CG has been the subject of a number of recent analyst reports. JMP Securities upped their price objective on The Carlyle Group from $52.00 to $58.00 and gave the company a "market outperform" rating in a research note on Thursday, February 8th. JPMorgan Chase & Co. increased their price target on The Carlyle Group from $39.00 to $45.00 and gave the stock an "overweight" rating in a research note on Thursday, February 8th. Morgan Stanley increased their price target on The Carlyle Group from $34.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 24th. UBS Group increased their price target on The Carlyle Group from $46.00 to $50.00 and gave the stock a "neutral" rating in a research note on Friday, April 12th. Finally, TD Cowen began coverage on The Carlyle Group in a research note on Thursday, January 4th. They issued a "market perform" rating and a $42.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $43.07.
Get Our Latest Stock Report on The Carlyle Group
Insider Buying and Selling at The Carlyle Group
In other news, major shareholder Carlyle Group Inc. purchased 190,000 shares of the business's stock in a transaction on Thursday, February 8th. The stock was acquired at an average price of $12.95 per share, for a total transaction of $2,460,500.00. Following the acquisition, the insider now directly owns 1,066,189 shares of the company's stock, valued at approximately $13,807,147.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 27.00% of the stock is currently owned by company insiders.
The Carlyle Group Stock Performance
CG stock traded up $0.49 during trading on Friday, reaching $46.11. The stock had a trading volume of 788,959 shares, compared to its average volume of 1,841,456. The Carlyle Group Inc. has a 52 week low of $25.20 and a 52 week high of $48.52. The stock's 50 day moving average is $45.94 and its two-hundred day moving average is $39.70. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.52. The firm has a market cap of $16.70 billion, a PE ratio of -27.28, a PEG ratio of 0.98 and a beta of 1.79.
The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.08. The Carlyle Group had a positive return on equity of 19.74% and a negative net margin of 20.53%. The business had revenue of $896.40 million during the quarter, compared to analysts' expectations of $860.68 million. During the same quarter in the prior year, the business posted $1.01 earnings per share. The business's quarterly revenue was down 15.4% on a year-over-year basis. As a group, equities analysts anticipate that The Carlyle Group Inc. will post 3.97 earnings per share for the current year.
The Carlyle Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 23rd were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.04%. The ex-dividend date was Thursday, February 22nd. The Carlyle Group's dividend payout ratio is currently -82.84%.
The Carlyle Group Company Profile
(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.
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