FFT Wealth Management LLC Purchases 863 Shares of The Carlyle Group Inc. (NASDAQ:CG)

FFT Wealth Management LLC boosted its position in The Carlyle Group Inc. (NASDAQ:CG) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,887 shares of the financial services provider’s stock after buying an additional 863 shares during the quarter. FFT Wealth Management LLC’s holdings in The Carlyle Group were worth $651,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in shares of The Carlyle Group during the 4th quarter worth about $25,000. Valley National Advisers Inc. boosted its position in The Carlyle Group by 149.3% during 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 last quarter. Nisa Investment Advisors LLC grew its stake in 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 valued at $29,000 after purchasing an additional 405 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of The Carlyle Group during the 3rd quarter worth approximately $33,000. Finally, Wilmington Savings Fund Society FSB boosted its holdings in shares of The Carlyle Group by 8,090.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider’s stock valued at $45,000 after buying an additional 890 shares during the last quarter. Institutional investors own 55.88% of the company’s stock.

Analysts Set New Price Targets

CG has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods upped their target price on shares of The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a report on Friday, November 8th. Oppenheimer raised their price objective on The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. 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 report on Wednesday, February 12th. TD Cowen raised their price target on The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Friday, November 8th. Finally, Evercore ISI upped their price objective on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a report 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. Based on data from MarketBeat.com, The Carlyle Group currently has an average rating of “Hold” and a consensus target price of $54.93.

The Carlyle Group Stock Down 1.1 %

CG stock opened at $48.89 on Wednesday. The Carlyle Group Inc. has a 52 week low of $36.65 and a 52 week high of $57.50. The business has a 50-day simple moving average of $52.44 and a 200 day simple moving average of $48.78. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42. The company has a market cap of $17.49 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 0.98 and a beta of 1.70.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share (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%. Sell-side analysts anticipate that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Friday, February 21st. The Carlyle Group’s dividend payout ratio is presently 50.36%.

About 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.