LRI Investments LLC Invests $32,000 in The Carlyle Group Inc. (NASDAQ:CG)

LRI Investments LLC bought a new position in The Carlyle Group Inc. (NASDAQ:CG) in the 4th quarter, Holdings Channel.com reports. The firm bought 633 shares of the financial services provider’s stock, valued at approximately $32,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. National Pension Service acquired a new position in shares of The Carlyle Group in the fourth quarter worth about $25,000. Golden State Wealth Management LLC acquired a new stake in The Carlyle Group during the fourth quarter valued at approximately $25,000. Valley National Advisers Inc. raised its stake in The Carlyle Group by 149.3% during the fourth quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock valued at $27,000 after buying an additional 327 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in The Carlyle Group by 253.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock valued at $29,000 after buying an additional 405 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its stake in The Carlyle Group by 8,090.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider’s stock valued at $45,000 after buying an additional 890 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Stock Performance

Shares of CG stock opened at $45.97 on Wednesday. The Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month high of $57.50. The firm has a market capitalization of $16.59 billion, a price-to-earnings ratio of 16.54, a price-to-earnings-growth ratio of 0.98 and a beta of 1.85. The business has a 50 day simple moving average of $40.39 and a 200 day simple moving average of $47.93. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.17. The firm had revenue of $973.10 million during the quarter, compared to analyst estimates of $972.27 million. The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the company posted $1.01 EPS. On average, equities research analysts anticipate that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Monday, May 19th. The Carlyle Group’s payout ratio is currently 47.46%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CG shares. TD Cowen cut their price objective on The Carlyle Group from $54.00 to $37.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. JMP Securities dropped their price target on The Carlyle Group from $62.00 to $58.00 and set a “market outperform” rating on the stock in a research report on Tuesday, April 8th. Oppenheimer cut The Carlyle Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. Keefe, Bruyette & Woods increased their price target on The Carlyle Group from $43.00 to $45.00 and gave the stock a “market perform” rating in a research report on Monday. Finally, StockNews.com cut The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, The Carlyle Group has an average rating of “Hold” and an average price target of $51.07.

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.