Raymond James Financial Inc. Takes $83.78 Million Position in The Carlyle Group Inc. (NASDAQ:CG)

Raymond James Financial Inc. bought a new stake in The Carlyle Group Inc. (NASDAQ:CG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,659,412 shares of the financial services provider’s stock, valued at approximately $83,784,000. Raymond James Financial Inc. owned 0.46% of The Carlyle Group at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CG. Asset Management One Co. Ltd. raised its holdings in The Carlyle Group by 6.6% in the third quarter. Asset Management One Co. Ltd. now owns 81,760 shares of the financial services provider’s stock valued at $3,521,000 after acquiring an additional 5,065 shares in the last quarter. Verdence Capital Advisors LLC raised its holdings in The Carlyle Group by 5.1% in the third quarter. Verdence Capital Advisors LLC now owns 7,819 shares of the financial services provider’s stock valued at $337,000 after acquiring an additional 377 shares in the last quarter. Assetmark Inc. raised its holdings in The Carlyle Group by 35.1% in the third quarter. Assetmark Inc. now owns 333,003 shares of the financial services provider’s stock valued at $14,339,000 after acquiring an additional 86,433 shares in the last quarter. Atria Investments Inc raised its holdings in The Carlyle Group by 283.9% in the third quarter. Atria Investments Inc now owns 19,861 shares of the financial services provider’s stock valued at $855,000 after acquiring an additional 14,687 shares in the last quarter. Finally, Apollon Wealth Management LLC raised its holdings in The Carlyle Group by 4.4% in the third quarter. Apollon Wealth Management LLC now owns 22,977 shares of the financial services provider’s stock valued at $989,000 after acquiring an additional 964 shares in the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

The Carlyle Group Stock Performance

Shares of CG opened at $43.00 on Monday. The firm has a 50-day moving average price of $51.85 and a 200 day moving average price of $49.12. The firm has a market capitalization of $15.53 billion, a PE ratio of 15.47, a P/E/G 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 Inc. has a 52-week low of $36.65 and a 52-week high of $57.50.

The Carlyle Group (NASDAQ:CG) last announced its 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%. On average, sell-side analysts anticipate that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a dividend of $0.35 per share. The ex-dividend date was Friday, February 21st. This represents a $1.40 annualized dividend and a dividend yield of 3.26%. The Carlyle Group’s dividend payout ratio (DPR) is 50.36%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Oppenheimer increased their target price on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Barclays dropped their target price on shares of The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Wolfe Research raised shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a report on Friday, January 3rd. Evercore ISI increased their target price on shares of 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, StockNews.com cut shares of The Carlyle Group from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, The Carlyle Group has an average rating of “Hold” and a consensus target price 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.