Atria Wealth Solutions Inc. Purchases 810 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Atria Wealth Solutions Inc. boosted its position in The Carlyle Group Inc. (NASDAQ:CG) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,385 shares of the financial services provider’s stock after buying an additional 810 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in The Carlyle Group were worth $748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. William Blair Investment Management LLC boosted its holdings in The Carlyle Group by 65.9% during the 3rd quarter. William Blair Investment Management LLC now owns 8,877,428 shares of the financial services provider’s stock valued at $267,743,000 after acquiring an additional 3,524,794 shares during the period. Ariel Investments LLC grew its holdings in shares of The Carlyle Group by 16.9% in the third quarter. Ariel Investments LLC now owns 6,364,528 shares of the financial services provider’s stock worth $191,954,000 after purchasing an additional 918,114 shares during the last quarter. FMR LLC increased its stake in shares of The Carlyle Group by 11.0% in the third quarter. FMR LLC now owns 2,134,653 shares of the financial services provider’s stock worth $64,381,000 after buying an additional 211,210 shares during the period. Northern Trust Corp boosted its position in The Carlyle Group by 1.3% during the 3rd quarter. Northern Trust Corp now owns 1,571,464 shares of the financial services provider’s stock valued at $47,395,000 after buying an additional 20,915 shares during the period. Finally, LGT Capital Partners LTD. grew its holdings in The Carlyle Group by 1.5% in the 4th quarter. LGT Capital Partners LTD. now owns 1,420,500 shares of the financial services provider’s stock worth $57,800,000 after acquiring an additional 20,500 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. acquired 190,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was purchased at an average cost of $12.95 per share, with a total value of $2,460,500.00. Following the completion of the acquisition, the insider now directly owns 1,066,189 shares of the company’s stock, valued at $13,807,147.55. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 27.20% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Barclays cut their target price on The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. upped their target price on The Carlyle Group from $39.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $48.00 price objective (down from $50.00) on shares of The Carlyle Group in a research report on Thursday. TheStreet cut shares of The Carlyle Group from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. Finally, TD Cowen reduced their price target on shares of The Carlyle Group from $49.00 to $45.00 and set a “hold” rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $44.25.

The Carlyle Group Stock Performance

Shares of The Carlyle Group stock opened at $41.06 on Friday. The stock has a market cap of $14.87 billion, a price-to-earnings ratio of -22.94, a PEG ratio of 0.87 and a beta of 1.77. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.53 and a quick ratio of 2.27. The Carlyle Group Inc. has a 1 year low of $25.20 and a 1 year high of $48.52. The firm’s 50-day moving average is $45.82 and its 200 day moving average is $39.94.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.09. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $986.10 million. During the same quarter last year, the firm earned $0.63 earnings per share. The firm’s quarterly revenue was up 35.6% compared to the same quarter last year. Sell-side analysts anticipate that The Carlyle Group Inc. will post 3.97 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Monday, May 13th. This represents a $1.40 annualized dividend and a yield of 3.41%. The Carlyle Group’s payout ratio is -78.21%.

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.