PFG Investments LLC Acquires 837 Shares of The Carlyle Group Inc. (NASDAQ:CG)

PFG Investments LLC raised its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 8.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,727 shares of the financial services provider’s stock after purchasing an additional 837 shares during the period. PFG Investments LLC’s holdings in The Carlyle Group were worth $436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. AdvisorNet Financial Inc grew its holdings in shares of The Carlyle Group by 125.5% in the 3rd quarter. AdvisorNet Financial Inc now owns 814 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 453 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in shares of The Carlyle Group in the 1st quarter worth about $31,000. CVA Family Office LLC bought a new stake in shares of The Carlyle Group in the 4th quarter worth about $35,000. UniSuper Management Pty Ltd bought a new stake in shares of The Carlyle Group in the 2nd quarter worth about $45,000. Finally, Clear Street Markets LLC acquired a new position in The Carlyle Group during the 3rd quarter worth about $50,000. Institutional investors own 55.88% of the company’s stock.

Analysts Set New Price Targets

CG has been the topic of several research reports. Evercore ISI downgraded shares of The Carlyle Group from an “outperform” rating to an “in-line” rating and set a $32.00 price target on the stock. in a research report on Wednesday, November 29th. TD Cowen initiated coverage on shares of The Carlyle Group in a research report on Thursday, January 4th. They set a “market perform” rating and a $42.00 price target on the stock. JMP Securities upped their price target on shares of The Carlyle Group from $52.00 to $58.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 8th. Citigroup upped their price target on shares of The Carlyle Group from $41.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Finally, Morgan Stanley upped their target price on shares of The Carlyle Group from $34.00 to $40.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, The Carlyle Group has an average rating of “Hold” and a consensus price target of $41.93.

Insider Buying and Selling

In other The Carlyle Group news, major shareholder Carlyle Group Inc. bought 190,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was acquired at an average cost of $12.95 per share, with a total value of $2,460,500.00. Following the purchase, the insider now owns 1,066,189 shares in the company, valued at $13,807,147.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 27.00% of the stock is owned by company insiders.

The Carlyle Group Stock Performance

Shares of NASDAQ:CG opened at $46.78 on Thursday. The company has a market capitalization of $16.94 billion, a price-to-earnings ratio of -27.68, a P/E/G ratio of 1.03 and a beta of 1.80. The firm’s 50 day simple moving average is $44.05 and its 200 day simple moving average is $37.30. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.27 and a quick ratio of 2.27. The Carlyle Group Inc. has a fifty-two week low of $25.20 and a fifty-two week high of $48.52.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.08. The business had revenue of $896.40 million for the quarter, compared to the consensus estimate of $860.68 million. The Carlyle Group had a negative net margin of 20.53% and a positive return on equity of 19.74%. The Carlyle Group’s revenue for the quarter was down 15.4% on a year-over-year basis. During the same period last year, the company posted $1.01 EPS. As a group, sell-side analysts forecast that The Carlyle Group Inc. will post 3.88 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 23rd were paid a dividend of $0.35 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.40 dividend on an annualized basis and a yield of 2.99%. The Carlyle Group’s payout ratio is -82.84%.

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.