Greenwood Capital Associates LLC Makes New $446,000 Investment in The Carlyle Group Inc. (NASDAQ:CG)

Greenwood Capital Associates LLC bought a new position in The Carlyle Group Inc. (NASDAQ:CG) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 10,223 shares of the financial services provider’s stock, valued at approximately $446,000.

Other hedge funds also recently added to or reduced their stakes in the company. Arizona State Retirement System lifted its holdings in The Carlyle Group by 0.3% during the 4th quarter. Arizona State Retirement System now owns 67,239 shares of the financial services provider’s stock valued at $3,395,000 after buying an additional 220 shares in the last quarter. Aviva PLC boosted its holdings in shares of The Carlyle Group by 1.3% in the fourth quarter. Aviva PLC now owns 17,408 shares of the financial services provider’s stock valued at $879,000 after purchasing an additional 227 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in The Carlyle Group by 0.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 46,607 shares of the financial services provider’s stock worth $2,353,000 after purchasing an additional 258 shares in the last quarter. O ROURKE & COMPANY Inc raised its position in The Carlyle Group by 1.5% during the 4th quarter. O ROURKE & COMPANY Inc now owns 17,990 shares of the financial services provider’s stock valued at $908,000 after purchasing an additional 266 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of The Carlyle Group by 31.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,229 shares of the financial services provider’s stock worth $62,000 after buying an additional 296 shares during the period. 55.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CG has been the subject of several recent research reports. Bank of America decreased their price objective on The Carlyle Group from $47.00 to $46.00 and set an “underperform” rating for the company in a report on Friday, April 4th. Wall Street Zen cut shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Wells Fargo & Company lifted their price objective on shares of The Carlyle Group from $45.00 to $49.00 and gave the company an “equal weight” rating in a report on Friday, May 23rd. Cowen raised The Carlyle Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. Finally, Oppenheimer lowered The Carlyle Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $53.00.

The Carlyle Group Stock Up 0.6%

The Carlyle Group stock opened at $47.72 on Friday. The Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $57.50. The company has a market cap of $17.23 billion, a PE ratio of 17.17, a PEG ratio of 0.98 and a beta of 1.85. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32. The business’s 50-day simple moving average is $41.83 and its two-hundred day simple moving average is $47.10.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results 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. The company had revenue of $973.10 million during the quarter, compared to analyst estimates of $972.27 million. The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. The Carlyle Group’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $1.01 EPS. Equities analysts anticipate that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th were issued a $0.35 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.40 annualized dividend and a dividend yield of 2.93%. The Carlyle Group’s dividend payout ratio (DPR) is presently 47.46%.

The Carlyle Group Company 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.