Waterfront Wealth Inc. Decreases Stake in The Carlyle Group Inc. (NASDAQ:CG)

Waterfront Wealth Inc. reduced its stake in The Carlyle Group Inc. (NASDAQ:CG) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,065 shares of the financial services provider’s stock after selling 200 shares during the period. Waterfront Wealth Inc.’s holdings in The Carlyle Group were worth $1,316,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CG. Westbourne Investment Advisors Inc. increased its stake in shares of The Carlyle Group by 3.6% during the third quarter. Westbourne Investment Advisors Inc. now owns 5,700 shares of the financial services provider’s stock valued at $245,000 after buying an additional 200 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. increased its stake in shares of The Carlyle Group by 0.3% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 80,820 shares of the financial services provider’s stock valued at $4,081,000 after buying an additional 225 shares during the period. DMC Group LLC increased its stake in shares of The Carlyle Group by 4.3% during the fourth quarter. DMC Group LLC now owns 6,932 shares of the financial services provider’s stock valued at $350,000 after buying an additional 283 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of The Carlyle Group by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 58,600 shares of the financial services provider’s stock valued at $2,959,000 after purchasing an additional 300 shares in the last quarter. Finally, Western Pacific Wealth Management LP boosted its position in shares of The Carlyle Group by 10.6% during the third quarter. Western Pacific Wealth Management LP now owns 3,284 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 314 shares in the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

The Carlyle Group Stock Down 1.0 %

NASDAQ CG opened at $52.01 on Friday. The stock’s 50-day moving average price is $52.62 and its 200-day moving average price is $48.45. The company has a market capitalization of $18.60 billion, a P/E ratio of 18.71, a price-to-earnings-growth ratio of 1.00 and a beta of 1.70. 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 52 week low of $36.65 and a 52 week high of $57.50.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. On average, equities research analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Friday, February 21st. The Carlyle Group’s dividend payout ratio (DPR) is 50.36%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CG shares. StockNews.com downgraded The Carlyle Group from a “hold” rating to a “sell” rating in a report on Thursday. Barclays dropped their target price on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Keefe, Bruyette & Woods boosted their target price on The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, November 8th. Evercore ISI boosted 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, Wells Fargo & Company dropped their target price on The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $54.93.

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.