CIBC Asset Management Inc Acquires 1,291 Shares of The Carlyle Group Inc. (NASDAQ:CG)

CIBC Asset Management Inc lifted its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 10.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,474 shares of the financial services provider’s stock after purchasing an additional 1,291 shares during the period. CIBC Asset Management Inc’s holdings in The Carlyle Group were worth $680,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CG. Golden State Wealth Management LLC bought a new stake in shares of The Carlyle Group during the 4th quarter valued at about $25,000. Valley National Advisers Inc. boosted its holdings in The Carlyle Group by 149.3% in the fourth quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 327 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings 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 worth $29,000 after acquiring an additional 405 shares in the last quarter. Brooklyn Investment Group bought a new position in The Carlyle Group in the third quarter worth approximately $33,000. Finally, Wilmington Savings Fund Society FSB boosted its holdings in The Carlyle Group by 8,090.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 890 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on CG. Evercore ISI increased their price target on The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a report on Wednesday, February 12th. TD Cowen increased their price target on The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Barclays lowered their price objective on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods increased their price objective on The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, November 8th. Finally, Oppenheimer increased their price objective on The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $54.93.

The Carlyle Group Stock Performance

Shares of The Carlyle Group stock opened at $49.86 on Friday. The business’s fifty day simple moving average is $52.56 and its 200 day simple moving average is $48.57. The firm has a market capitalization of $17.83 billion, a P/E ratio of 17.94, a price-to-earnings-growth ratio of 0.98 and a beta of 1.70. The Carlyle Group Inc. has a 12 month low of $36.65 and a 12 month high of $57.50. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.42.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. As a group, analysts anticipate that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be paid a $0.35 dividend. The ex-dividend date is Friday, February 21st. This represents a $1.40 annualized dividend and a dividend yield of 2.81%. The Carlyle Group’s payout ratio is presently 50.36%.

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.