Arkadios Wealth Advisors Makes New Investment in The Carlyle Group Inc. (NASDAQ:CG)

Arkadios Wealth Advisors purchased a new stake in The Carlyle Group Inc. (NASDAQ:CG) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 20,146 shares of the financial services provider’s stock, valued at approximately $1,017,000.

A number of other hedge funds have also modified their holdings of the company. Brooklyn Investment Group acquired a new position in shares of The Carlyle Group during the 3rd quarter worth about $33,000. Tobam grew its stake in The Carlyle Group by 32.8% in the third quarter. Tobam now owns 890 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 220 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new position in shares of The Carlyle Group during the 4th quarter worth approximately $57,000. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of The Carlyle Group by 1,600.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of The Carlyle Group by 147.9% in the third quarter. Blue Trust Inc. now owns 1,909 shares of the financial services provider’s stock valued at $77,000 after buying an additional 1,139 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Morgan Stanley raised their price objective on The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Barclays upped their price objective on shares of The Carlyle Group from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, January 13th. UBS Group lifted their target price on shares of The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods raised their price objective on shares of The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, November 8th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $60.00 target price on shares of The Carlyle Group in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, The Carlyle Group has an average rating of “Hold” and a consensus price target of $54.44.

The Carlyle Group Trading Up 1.8 %

Shares of The Carlyle Group stock opened at $55.24 on Monday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The Carlyle Group Inc. has a 52 week low of $36.65 and a 52 week high of $55.65. The stock has a 50 day moving average price of $52.02 and a two-hundred day moving average price of $46.98. The stock has a market capitalization of $19.76 billion, a PE ratio of 190.48, a price-to-earnings-growth ratio of 1.05 and a beta of 1.69.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.08. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The business had revenue of $895.00 million during the quarter, compared to the consensus estimate of $908.17 million. During the same quarter in the prior year, the company posted $0.87 earnings per share. The Carlyle Group’s revenue was up 15.2% compared to the same quarter last year. As a group, equities analysts anticipate that The Carlyle Group Inc. will post 3.8 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.53%. The ex-dividend date was Monday, November 18th. The Carlyle Group’s dividend payout ratio (DPR) is 482.76%.

Insider Buying and Selling

In other The Carlyle Group news, Director Daniel A. D’aniello sold 495,542 shares of The Carlyle Group stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the completion of the transaction, the director now owns 32,504,102 shares of the company’s stock, valued at $1,674,936,376.06. The trade was a 1.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 27.20% of the stock is currently owned by insiders.

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.