Zhang Financial LLC Grows Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

Zhang Financial LLC increased its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 8.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,833 shares of the financial services provider’s stock after purchasing an additional 1,035 shares during the period. Zhang Financial LLC’s holdings in The Carlyle Group were worth $698,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Westbourne Investment Advisors Inc. increased its stake in The Carlyle Group by 3.6% during the third quarter. Westbourne Investment Advisors Inc. now owns 5,700 shares of the financial services provider’s stock worth $245,000 after acquiring an additional 200 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in shares of The Carlyle Group by 0.5% during the 3rd quarter. Bleakley Financial Group LLC now owns 41,742 shares of the financial services provider’s stock valued at $1,797,000 after buying an additional 208 shares during the last quarter. Tobam grew its holdings in The Carlyle Group by 32.8% during the 3rd quarter. Tobam now owns 890 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 220 shares in the last quarter. Western Pacific Wealth Management LP grew its holdings in The Carlyle Group by 10.6% during the third quarter. Western Pacific Wealth Management LP now owns 3,284 shares of the financial services provider’s stock worth $141,000 after acquiring an additional 314 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its holdings in shares of The Carlyle Group by 0.5% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 61,684 shares of the financial services provider’s stock worth $2,484,000 after purchasing an additional 318 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CG. Barclays lifted their target price on shares of The Carlyle Group from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Morgan Stanley raised their price objective on shares of 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. TD Cowen increased their price objective on The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Friday, November 8th. JMP Securities reissued a “market outperform” rating and set a $60.00 target price on shares of The Carlyle Group in a research report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods raised their price target 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. 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. Based on data from MarketBeat.com, The Carlyle Group presently has an average rating of “Hold” and an average price target of $54.44.

The Carlyle Group Trading Up 1.8 %

Shares of CG stock opened at $55.24 on Tuesday. 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 fifty-two week low of $36.65 and a fifty-two week high of $55.65. The company has a market cap of $19.76 billion, a PE ratio of 190.48, a P/E/G ratio of 1.05 and a beta of 1.69. The stock’s fifty day moving average price is $52.06 and its two-hundred day moving average price is $47.09.

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

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.40 annualized dividend and a dividend yield of 2.53%. The Carlyle Group’s payout ratio is 482.76%.

Insider Buying and Selling at The Carlyle Group

In related news, Director Daniel A. D’aniello sold 495,542 shares of The Carlyle Group stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total value of $25,535,279.26. Following the completion of the sale, the director now owns 32,504,102 shares of the company’s stock, valued at approximately $1,674,936,376.06. This trade represents a 1.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 27.20% of the company’s stock.

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.