Wilmington Savings Fund Society FSB Raises Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Wilmington Savings Fund Society FSB lifted its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 8,090.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 901 shares of the financial services provider’s stock after buying an additional 890 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in The Carlyle Group were worth $45,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Westbourne Investment Advisors Inc. raised its stake in The Carlyle Group by 3.6% in 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 in the last quarter. Bleakley Financial Group LLC lifted its stake in The Carlyle Group by 0.5% during the third quarter. Bleakley Financial Group LLC now owns 41,742 shares of the financial services provider’s stock worth $1,797,000 after purchasing an additional 208 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in The Carlyle Group by 0.3% in 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 purchasing an additional 225 shares in the last quarter. DMC Group LLC increased its stake in The Carlyle Group by 4.3% in the fourth quarter. DMC Group LLC now owns 6,932 shares of the financial services provider’s stock valued at $350,000 after purchasing an additional 283 shares during the last quarter. Finally, Western Pacific Wealth Management LP lifted its position in shares of The Carlyle Group by 10.6% during the 3rd quarter. Western Pacific Wealth Management LP now owns 3,284 shares of the financial services provider’s stock worth $141,000 after buying an additional 314 shares during the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CG shares. Evercore ISI increased their target price 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. Wolfe Research upgraded The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a research report on Friday, January 3rd. StockNews.com raised The Carlyle Group from a “sell” rating to a “hold” rating in a report on Wednesday. Barclays cut their price target on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, TD Cowen increased their price objective on The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Friday, November 8th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, The Carlyle Group presently has a consensus rating of “Hold” and a consensus price target of $54.93.

The Carlyle Group Stock Up 2.2 %

CG stock opened at $51.03 on Friday. The stock has a market capitalization of $18.25 billion, a PE ratio of 175.97, a price-to-earnings-growth ratio of 0.92 and a beta of 1.70. The company has a fifty day moving average of $52.71 and a 200-day moving average of $48.28. 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 Carlyle Group Inc. has a one year low of $36.65 and a one year high of $57.50.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data 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 net margin of 2.21% and a return on equity of 24.91%. As a group, analysts expect that The Carlyle Group Inc. will post 3.73 EPS for the current year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Friday, February 21st. The Carlyle Group’s dividend payout ratio (DPR) is currently 482.76%.

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.