Worldquant Millennium Advisors LLC Acquires 1,431 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Worldquant Millennium Advisors LLC boosted its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 0.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 427,205 shares of the financial services provider’s stock after purchasing an additional 1,431 shares during the period. Worldquant Millennium Advisors LLC’s holdings in The Carlyle Group were worth $21,570,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CG. National Pension Service bought a new stake in shares of The Carlyle Group in the fourth quarter valued at about $25,000. Golden State Wealth Management LLC bought a new stake in shares of The Carlyle Group in the fourth quarter valued at about $25,000. Valley National Advisers Inc. lifted its holdings in shares of The Carlyle Group by 149.3% in the fourth quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 327 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of The Carlyle Group by 253.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 405 shares in the last quarter. Finally, Main Street Group LTD bought a new stake in shares of The Carlyle Group in the fourth quarter valued at about $29,000. 55.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CG. Wells Fargo & Company cut their price target on The Carlyle Group from $48.00 to $39.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Morgan Stanley dropped their target price on The Carlyle Group from $57.00 to $44.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. StockNews.com lowered The Carlyle Group from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Evercore ISI upped their target price on The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods upped their target price on The Carlyle Group from $43.00 to $45.00 and gave the stock a “market perform” rating in a report on Monday, May 12th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $52.33.

The Carlyle Group Price Performance

Shares of NASDAQ CG opened at $46.71 on Wednesday. The business’s 50 day moving average price is $40.98 and its two-hundred day moving average price is $47.81. The company has a market cap of $16.87 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 0.98 and a beta of 1.85. 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 Inc. has a twelve month low of $33.02 and a twelve month high of $57.50.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.17. The firm had revenue of $973.10 million for the quarter, compared to the consensus estimate of $972.27 million. The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.01 earnings per share. On average, analysts predict that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Monday, May 19th. The Carlyle Group’s dividend payout ratio (DPR) is presently 47.46%.

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.