Wolf Group Capital Advisors Has $1.73 Million Stock Position in Carlyle Group Inc. (NASDAQ:CG)

Wolf Group Capital Advisors reduced its stake in shares of Carlyle Group Inc. (NASDAQ:CG) by 22.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,722 shares of the financial services provider’s stock after selling 11,385 shares during the quarter. Wolf Group Capital Advisors’ holdings in Carlyle Group were worth $1,731,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Carlyle Group by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 23,161,423 shares of the financial services provider’s stock valued at $1,169,420,000 after buying an additional 180,757 shares in the last quarter. Capital World Investors raised its position in shares of Carlyle Group by 0.3% during the fourth quarter. Capital World Investors now owns 19,778,358 shares of the financial services provider’s stock worth $998,609,000 after acquiring an additional 50,784 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of Carlyle Group by 15.5% during the fourth quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider’s stock worth $668,990,000 after acquiring an additional 1,773,465 shares during the last quarter. Boston Partners raised its position in shares of Carlyle Group by 7.1% during the fourth quarter. Boston Partners now owns 7,102,085 shares of the financial services provider’s stock worth $358,687,000 after acquiring an additional 467,767 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Carlyle Group by 201.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,351,432 shares of the financial services provider’s stock worth $320,684,000 after acquiring an additional 4,244,131 shares during the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CG shares. Wells Fargo & Company lifted their target price on Carlyle Group from $45.00 to $49.00 and gave the stock an “equal weight” rating in a report on Friday, May 23rd. Barclays lifted their target price on Carlyle Group from $43.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. Cowen upgraded Carlyle Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 14th. Oppenheimer downgraded Carlyle Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. Finally, Keefe, Bruyette & Woods lifted their target price on 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 issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Carlyle Group has a consensus rating of “Hold” and an average price target of $53.00.

Carlyle Group Trading Down 2.0%

NASDAQ CG opened at $46.10 on Wednesday. The company has a market cap of $16.65 billion, a price-to-earnings ratio of 15.63, a P/E/G ratio of 1.01 and a beta of 1.85. Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $57.50. The business has a 50 day moving average price of $42.41 and a 200-day moving average price of $46.92. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 1.56.

Carlyle Group (NASDAQ:CG) last announced its earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.17. The company had revenue of $973.10 million for the quarter, compared to analysts’ expectations of $972.27 million. Carlyle Group had a return on equity of 23.78% and a net margin of 19.00%. Carlyle Group’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.01 earnings per share. As a group, equities analysts expect that Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.40 annualized dividend and a dividend yield of 3.04%. Carlyle Group’s payout ratio is 47.46%.

Carlyle Group Company 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.