Carlyle Group Inc. (NASDAQ:CG) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC grew its stake in Carlyle Group Inc. (NASDAQ:CG) by 4.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,148 shares of the financial services provider’s stock after acquiring an additional 887 shares during the quarter. Apollon Wealth Management LLC’s holdings in Carlyle Group were worth $878,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CG. Vanguard Group Inc. boosted its stake in shares of Carlyle Group by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 23,161,423 shares of the financial services provider’s stock valued at $1,169,420,000 after buying an additional 180,757 shares in the last quarter. Capital World Investors raised its stake in Carlyle Group by 0.3% during the 4th quarter. Capital World Investors now owns 19,778,358 shares of the financial services provider’s stock valued at $998,609,000 after acquiring an additional 50,784 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Carlyle Group by 201.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,351,432 shares of the financial services provider’s stock valued at $320,684,000 after acquiring an additional 4,244,131 shares in the last quarter. Frontier Capital Management Co. LLC increased its position in shares of Carlyle Group by 98.8% during the 4th quarter. Frontier Capital Management Co. LLC now owns 2,455,963 shares of the financial services provider’s stock valued at $124,002,000 after purchasing an additional 1,220,827 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in shares of Carlyle Group by 8.1% in the 4th quarter. Ameriprise Financial Inc. now owns 2,237,249 shares of the financial services provider’s stock worth $112,959,000 after acquiring an additional 167,331 shares during the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on CG. JMP Securities boosted their price target on Carlyle Group from $58.00 to $70.00 and gave the stock a “market outperform” rating in a research report on Monday. Cowen raised Carlyle Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 14th. TD Cowen raised Carlyle Group from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Wednesday, May 14th. Wells Fargo & Company raised their price objective on Carlyle Group from $49.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Friday, July 11th. Finally, Evercore ISI lifted their target price on Carlyle Group from $45.00 to $58.00 and gave the company an “in-line” rating in a research report on Thursday, July 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Carlyle Group has an average rating of “Hold” and a consensus target price of $57.73.

Carlyle Group Price Performance

NASDAQ:CG opened at $60.11 on Friday. The firm has a market cap of $21.71 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 1.12 and a beta of 1.86. The company has a 50 day moving average price of $49.23 and a 200-day moving average price of $47.22. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.36 and a quick ratio of 2.36. Carlyle Group Inc. has a 1-year low of $33.02 and a 1-year high of $60.19.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Friday, May 9th. The financial services provider reported $1.14 EPS for the quarter, beating the consensus estimate of $0.97 by $0.17. Carlyle Group had a net margin of 19.00% and a return on equity of 23.78%. The company had revenue of $973.10 million for the quarter, compared to analyst estimates of $972.27 million. During the same period in the prior year, the firm posted $1.01 earnings per share. The firm’s revenue was up 2.0% on a year-over-year basis. Equities research analysts forecast that Carlyle Group Inc. will post 4.48 EPS for the current year.

Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were given a $0.35 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.40 annualized dividend and a yield of 2.33%. Carlyle Group’s payout ratio is 47.46%.

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.