D.A. Davidson & CO. Grows Position in The Carlyle Group Inc. (NASDAQ:CG)

D.A. Davidson & CO. lifted its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 2.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,072 shares of the financial services provider’s stock after purchasing an additional 750 shares during the quarter. D.A. Davidson & CO.’s holdings in The Carlyle Group were worth $1,417,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new position in 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% during the 4th quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 327 shares during the period. Nisa Investment Advisors LLC boosted its holdings in The Carlyle Group by 253.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 405 shares during the period. Brooklyn Investment Group acquired a new stake in The Carlyle Group in the 3rd quarter valued at about $33,000. Finally, Wilmington Savings Fund Society FSB raised its position in The Carlyle Group by 8,090.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 890 shares in 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 equities research analysts have issued reports on CG shares. Wells Fargo & Company reduced their price target on The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. TD Cowen increased their price target on The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Evercore ISI increased their price target on The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a research report on Wednesday, February 12th. Barclays reduced their price target on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods raised their target price on 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $54.93.

The Carlyle Group Trading Down 4.1 %

CG opened at $49.86 on Friday. The firm has a market cap of $17.83 billion, a price-to-earnings 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 52 week low of $36.65 and a 52 week high of $57.50. The business’s 50 day moving average is $52.56 and its two-hundred day moving average is $48.57. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42.

The Carlyle Group (NASDAQ:CG) last announced its earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share 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%. On average, research analysts predict that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Dividend Announcement

The business 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 dividend payout ratio (DPR) is currently 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.