PFG Investments LLC Increases Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

PFG Investments LLC boosted its stake in The Carlyle Group Inc. (NASDAQ:CG) by 8.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,727 shares of the financial services provider’s stock after acquiring an additional 837 shares during the period. PFG Investments LLC’s holdings in The Carlyle Group were worth $436,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Toroso Investments LLC raised its holdings in shares of The Carlyle Group by 1.9% in the fourth quarter. Toroso Investments LLC now owns 16,518 shares of the financial services provider’s stock valued at $493,000 after buying an additional 304 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in shares of The Carlyle Group by 2.3% in the third quarter. Teacher Retirement System of Texas now owns 16,797 shares of the financial services provider’s stock valued at $507,000 after buying an additional 372 shares during the last quarter. Altshuler Shaham Ltd raised its holdings in shares of The Carlyle Group by 13.3% in the fourth quarter. Altshuler Shaham Ltd now owns 3,775 shares of the financial services provider’s stock valued at $113,000 after buying an additional 442 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in shares of The Carlyle Group by 125.5% in the third quarter. AdvisorNet Financial Inc now owns 814 shares of the financial services provider’s stock valued at $25,000 after buying an additional 453 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of The Carlyle Group by 3.1% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 15,184 shares of the financial services provider’s stock valued at $458,000 after buying an additional 460 shares during the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, major shareholder Carlyle Group Inc. purchased 190,000 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were bought at an average price of $12.95 per share, with a total value of $2,460,500.00. Following the completion of the purchase, the insider now directly owns 1,066,189 shares in the company, valued at approximately $13,807,147.55. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 27.00% of the stock is currently owned by insiders.

The Carlyle Group Stock Performance

Shares of CG opened at $46.78 on Thursday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.27 and a current ratio of 2.27. The company has a market capitalization of $16.94 billion, a price-to-earnings ratio of -27.68, a PEG ratio of 1.03 and a beta of 1.80. The company’s 50 day simple moving average is $44.05 and its 200 day simple moving average is $37.30. The Carlyle Group Inc. has a 1 year low of $25.20 and a 1 year high of $48.52.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.08. The business had revenue of $896.40 million for the quarter, compared to the consensus estimate of $860.68 million. The Carlyle Group had a negative net margin of 20.53% and a positive return on equity of 19.74%. The company’s quarterly revenue was down 15.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.01 earnings per share. On average, sell-side analysts predict that The Carlyle Group Inc. will post 3.88 EPS for the current year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 23rd were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date was Thursday, February 22nd. The Carlyle Group’s dividend payout ratio is currently -82.84%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CG shares. Evercore ISI lowered shares of The Carlyle Group from an “outperform” rating to an “in-line” rating and set a $32.00 price target on the stock. in a research note on Wednesday, November 29th. Barclays boosted their price target on shares of The Carlyle Group from $53.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. TD Cowen started coverage on shares of The Carlyle Group in a research note on Thursday, January 4th. They set a “market perform” rating and a $42.00 price target on the stock. TheStreet lowered shares of The Carlyle Group from a “b-” rating to a “c” rating in a research note on Wednesday, February 7th. Finally, Citigroup boosted their price target on shares of The Carlyle Group from $41.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $41.93.

The Carlyle Group Profile

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.