Concurrent Investment Advisors LLC Invests $354,000 in The Carlyle Group Inc. (NASDAQ:CG)

Concurrent Investment Advisors LLC purchased a new stake in The Carlyle Group Inc. (NASDAQ:CG) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 7,015 shares of the financial services provider’s stock, valued at approximately $354,000.

A number of other large investors also recently added to or reduced their stakes in CG. Golden State Wealth Management LLC purchased a new position in The Carlyle Group in the 4th quarter valued at $25,000. Valley National Advisers Inc. increased its position in shares of The Carlyle Group by 149.3% during the 4th quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 327 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in The Carlyle Group by 253.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock valued at $29,000 after buying an additional 405 shares during the period. Brooklyn Investment Group purchased a new position in The Carlyle Group during the third quarter worth about $33,000. Finally, Wilmington Savings Fund Society FSB increased its position in shares of The Carlyle Group by 8,090.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 890 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CG has been the subject of several recent research reports. Evercore ISI raised their price target on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a research report on Wednesday, February 12th. Oppenheimer lifted their target price on The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods increased their price target on The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a research report on Friday, November 8th. Barclays cut 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 research note on Wednesday, February 12th. Finally, StockNews.com downgraded shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. One investment analyst has 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 MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $54.93.

The Carlyle Group Trading Down 1.1 %

NASDAQ CG opened at $48.89 on Wednesday. The firm’s 50 day moving average price is $52.44 and its two-hundred day moving average price is $48.78. The stock has a market cap of $17.49 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 0.98 and a beta of 1.70. The Carlyle Group Inc. has a twelve month low of $36.65 and a twelve month high of $57.50. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32.

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 the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. Equities analysts anticipate that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be paid a $0.35 dividend. The ex-dividend date is Friday, February 21st. This represents a $1.40 annualized dividend and a yield of 2.86%. The Carlyle Group’s dividend payout ratio is presently 50.36%.

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.