Journey Strategic Wealth LLC Purchases 5,236 Shares of Carlyle Group Inc. $CG

Journey Strategic Wealth LLC grew its position in shares of Carlyle Group Inc. (NASDAQ:CG) by 40.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,240 shares of the financial services provider’s stock after purchasing an additional 5,236 shares during the quarter. Journey Strategic Wealth LLC’s holdings in Carlyle Group were worth $938,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP raised its stake in shares of Carlyle Group by 150.3% during the second quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 299 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Carlyle Group by 755.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 574 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in Carlyle Group in the second quarter worth $38,000. National Pension Service boosted its position in Carlyle Group by 74.8% during the first quarter. National Pension Service now owns 869 shares of the financial services provider’s stock valued at $38,000 after buying an additional 372 shares during the period. Finally, LRI Investments LLC bought a new position in shares of Carlyle Group during the second quarter valued at about $46,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on CG. Jefferies Financial Group increased their target price on Carlyle Group from $54.00 to $66.00 and gave the company a “hold” rating in a report on Wednesday, August 13th. Evercore ISI dropped their price objective on Carlyle Group from $64.00 to $57.00 and set an “in-line” rating for the company in a research note on Monday, November 3rd. BMO Capital Markets started coverage on shares of Carlyle Group in a research note on Friday, October 3rd. They issued an “outperform” rating and a $74.00 target price on the stock. TD Cowen dropped their price target on shares of Carlyle Group from $78.00 to $77.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Finally, Morgan Stanley boosted their price objective on shares of Carlyle Group from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 21st. Seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $66.00.

Carlyle Group Price Performance

Shares of Carlyle Group stock opened at $51.72 on Friday. The company has a market cap of $18.64 billion, a PE ratio of 15.12, a P/E/G ratio of 1.22 and a beta of 2.01. The business has a 50 day moving average of $58.62 and a 200 day moving average of $56.25. Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $69.85. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.52.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Friday, November 7th. The financial services provider reported $0.98 EPS for the quarter, hitting the consensus estimate of $0.98. The business had revenue of $782.50 million during the quarter, compared to analyst estimates of $848.51 million. Carlyle Group had a net margin of 20.22% and a return on equity of 23.60%. During the same period in the prior year, the business earned $0.95 EPS. As a group, equities research analysts forecast that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th were issued a dividend of $0.35 per share. The ex-dividend date was Monday, November 10th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.7%. Carlyle Group’s dividend payout ratio is 78.21%.

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.