Bank Pictet & Cie Europe AG Acquires Shares of 4,250 The Carlyle Group Inc. (NASDAQ:CG)

Bank Pictet & Cie Europe AG acquired a new stake in The Carlyle Group Inc. (NASDAQ:CG) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 4,250 shares of the financial services provider’s stock, valued at approximately $215,000.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of The Carlyle Group by 68.1% during the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock worth $82,651,000 after buying an additional 777,304 shares in the last quarter. Sargent Investment Group LLC grew its position in shares of The Carlyle Group by 6.5% during the fourth quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider’s stock worth $15,283,000 after buying an additional 18,537 shares in the last quarter. Franklin Street Advisors Inc. NC acquired a new stake in shares of The Carlyle Group during the fourth quarter worth approximately $17,671,000. Empowered Funds LLC grew its position in shares of The Carlyle Group by 443.1% during the third quarter. Empowered Funds LLC now owns 157,674 shares of the financial services provider’s stock worth $6,789,000 after buying an additional 128,644 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of The Carlyle Group by 26.9% during the fourth quarter. Blue Trust Inc. now owns 2,423 shares of the financial services provider’s stock worth $122,000 after buying an additional 514 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CG shares. StockNews.com upgraded The Carlyle Group from a “sell” rating to a “hold” rating in a research note on Wednesday. Evercore ISI raised their price objective on The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their price objective on The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company reduced their price objective on The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Keefe, Bruyette & Woods raised their target price on The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday, November 8th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $54.93.

The Carlyle Group Price Performance

Shares of NASDAQ CG opened at $51.77 on Friday. The Carlyle Group Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $57.50. The firm’s 50-day simple moving average is $52.68 and its 200 day simple moving average is $48.31. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38. The stock has a market cap of $18.52 billion, a P/E ratio of 178.52, a P/E/G ratio of 0.92 and a beta of 1.70.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. Equities analysts expect that The Carlyle Group Inc. will post 3.73 EPS for the current year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Friday, February 21st. The Carlyle Group’s payout ratio is currently 482.76%.

About The Carlyle Group

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.