Retirement Wealth Solutions LLC Invests $57,000 in The Carlyle Group Inc. (NASDAQ:CG)

Retirement Wealth Solutions LLC acquired a new position in The Carlyle Group Inc. (NASDAQ:CG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,135 shares of the financial services provider’s stock, valued at approximately $57,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. FMR LLC increased its position in shares of The Carlyle Group by 72.8% in the 3rd quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock worth $174,469,000 after purchasing an additional 1,707,520 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in The Carlyle Group by 17,468.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,715,748 shares of the financial services provider’s stock worth $68,887,000 after purchasing an additional 1,705,982 shares during the period. Marshall Wace LLP bought a new stake in The Carlyle Group during the second quarter valued at $37,009,000. JPMorgan Chase & Co. raised its holdings in shares of The Carlyle Group by 68.1% during the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock worth $82,651,000 after purchasing an additional 777,304 shares during the period. Finally, Franklin Street Advisors Inc. NC acquired a new position in shares of The Carlyle Group in the 4th quarter valued at about $17,671,000. 55.88% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Daniel A. D’aniello sold 495,542 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the completion of the sale, the director now directly owns 32,504,102 shares of the company’s stock, valued at approximately $1,674,936,376.06. This represents a 1.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 27.20% of the company’s stock.

The Carlyle Group Stock Performance

CG stock opened at $55.24 on Friday. The stock has a market cap of $19.76 billion, a P/E ratio of 190.48, a P/E/G ratio of 1.05 and a beta of 1.69. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The firm has a 50 day simple moving average of $52.02 and a 200 day simple moving average of $46.89. The Carlyle Group Inc. has a 52 week low of $36.65 and a 52 week high of $55.65.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The firm had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $908.17 million. During the same quarter last year, the firm earned $0.87 earnings per share. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. Research analysts anticipate that The Carlyle Group Inc. will post 3.8 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.53%. The ex-dividend date was Monday, November 18th. The Carlyle Group’s payout ratio is 482.76%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wells Fargo & Company raised their price target on The Carlyle Group from $54.00 to $56.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Evercore ISI boosted their price target on shares of The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a report on Monday, October 14th. Morgan Stanley increased their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Oppenheimer upped their target price on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Finally, Wolfe Research raised The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, The Carlyle Group presently has an average rating of “Hold” and an average price target of $54.44.

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.