LGT Capital Partners LTD. Raises Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

LGT Capital Partners LTD. grew its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,420,500 shares of the financial services provider’s stock after buying an additional 20,500 shares during the quarter. The Carlyle Group accounts for approximately 1.7% of LGT Capital Partners LTD.’s holdings, making the stock its 21st largest position. LGT Capital Partners LTD.’s holdings in The Carlyle Group were worth $57,800,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. AdvisorNet Financial Inc lifted its holdings in The Carlyle Group by 125.5% during the third quarter. AdvisorNet Financial Inc now owns 814 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 453 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in The Carlyle Group in the 1st quarter worth approximately $31,000. CVA Family Office LLC bought a new stake in shares of The Carlyle Group during the fourth quarter valued at approximately $35,000. UniSuper Management Pty Ltd purchased a new stake in The Carlyle Group in the 2nd quarter worth $45,000. Finally, Clear Street Markets LLC purchased a new stake in shares of The Carlyle Group in the third quarter worth about $50,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Carlyle Group Inc. purchased 190,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was bought at an average price of $12.95 per share, for a total transaction of $2,460,500.00. Following the completion of the purchase, the insider now directly owns 1,066,189 shares of the company’s stock, valued at $13,807,147.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 27.00% of the stock is owned by corporate insiders.

The Carlyle Group Trading Up 0.3 %

Shares of NASDAQ:CG opened at $46.91 on Friday. The business’s 50 day moving average price is $44.22 and its 200-day moving average price is $37.37. The Carlyle Group Inc. has a 1 year low of $25.20 and a 1 year high of $48.52. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.52.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.08. The Carlyle Group had a negative net margin of 20.53% and a positive return on equity of 19.74%. The business had revenue of $896.40 million during the quarter, compared to analyst estimates of $860.68 million. During the same quarter in the prior year, the firm earned $1.01 earnings per share. The company’s revenue for the quarter was down 15.4% compared to the same quarter last year. Research analysts anticipate that The Carlyle Group Inc. will post 3.88 earnings per share for the current year.

The Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 23rd were issued a $0.35 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.40 annualized dividend and a dividend yield of 2.98%. The Carlyle Group’s dividend payout ratio is currently -82.84%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Citigroup upped their target price on shares of The Carlyle Group from $41.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Barclays raised their target price on shares of The Carlyle Group from $53.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. TD Cowen assumed coverage on shares of The Carlyle Group in a report on Thursday, January 4th. They set a “market perform” rating and a $42.00 target price on the stock. Morgan Stanley increased their price objective on shares of The Carlyle Group from $34.00 to $40.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Finally, TheStreet lowered The Carlyle Group from a “b-” rating to a “c” rating in a report on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $41.93.

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.