Wealthfront Advisers LLC Takes $1.51 Million Position in The Carlyle Group Inc. (NASDAQ:CG)

Wealthfront Advisers LLC purchased a new stake in shares of The Carlyle Group Inc. (NASDAQ:CG) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 29,866 shares of the financial services provider’s stock, valued at approximately $1,508,000.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in The Carlyle Group by 68.1% in the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock valued at $82,651,000 after acquiring an additional 777,304 shares during the period. Sargent Investment Group LLC increased its position in The Carlyle Group by 6.5% in the fourth quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider’s stock worth $15,283,000 after buying an additional 18,537 shares in the last quarter. Franklin Street Advisors Inc. NC purchased a new stake in The Carlyle Group in the fourth quarter worth about $17,671,000. Empowered Funds LLC increased its position in The Carlyle Group by 443.1% in the third quarter. Empowered Funds LLC now owns 157,674 shares of the financial services provider’s stock worth $6,789,000 after buying an additional 128,644 shares in the last quarter. Finally, Blue Trust Inc. increased its position in The Carlyle Group by 26.9% in the fourth quarter. Blue Trust Inc. now owns 2,423 shares of the financial services provider’s stock worth $122,000 after buying an additional 514 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

The Carlyle Group Trading Up 4.6 %

CG opened at $42.36 on Friday. The Carlyle Group Inc. has a 52 week low of $36.65 and a 52 week high of $57.50. The stock’s fifty day moving average is $50.89 and its two-hundred day moving average is $49.04. The company has a market capitalization of $15.30 billion, a P/E ratio of 15.24, a PEG ratio of 0.98 and a beta of 1.73. 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 (NASDAQ:CG) last announced its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. Analysts forecast that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.40 annualized dividend and a yield of 3.31%. The Carlyle Group’s dividend payout ratio (DPR) is 50.36%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CG. Barclays cut their target price on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Evercore ISI increased their price target on The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a research note on Wednesday, February 12th. Wolfe Research raised The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target for the company in a research note on Friday, January 3rd. StockNews.com lowered The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Finally, Wells Fargo & Company dropped their price target on The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, The Carlyle Group has a consensus rating of “Hold” and a consensus target price of $54.93.

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.