Amalgamated Bank Has $5.11 Million Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

Amalgamated Bank grew its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 0.5% during the 4th quarter, HoldingsChannel reports. The firm owned 101,266 shares of the financial services provider’s stock after purchasing an additional 550 shares during the quarter. Amalgamated Bank’s holdings in The Carlyle Group were worth $5,113,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CG. IFP Advisors Inc lifted its stake in The Carlyle Group by 46.9% in the 4th quarter. IFP Advisors Inc now owns 1,329 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 424 shares during the last quarter. Paradigm Asset Management Co. LLC bought a new position in shares of The Carlyle Group in the 4th quarter valued at $192,000. Concurrent Investment Advisors LLC acquired a new stake in shares of The Carlyle Group during the 4th quarter valued at $354,000. D.A. Davidson & CO. increased its holdings in The Carlyle Group by 2.7% in the 4th quarter. D.A. Davidson & CO. now owns 28,072 shares of the financial services provider’s stock worth $1,417,000 after purchasing an additional 750 shares in the last quarter. Finally, Truist Financial Corp boosted its stake in shares of The Carlyle Group by 6.0% during the fourth quarter. Truist Financial Corp now owns 40,687 shares of the financial services provider’s stock valued at $2,054,000 after purchasing an additional 2,316 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors.

The Carlyle Group Stock Performance

NASDAQ:CG opened at $48.54 on Friday. The firm has a market capitalization of $17.36 billion, a P/E ratio of 17.46, a P/E/G 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 fifty day moving average of $52.44 and a 200-day moving average of $48.79. 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 (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 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%. As a group, sell-side analysts anticipate that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, February 21st. This represents a $1.40 annualized dividend and a dividend yield of 2.88%. The Carlyle Group’s dividend payout ratio is 50.36%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CG shares. StockNews.com lowered shares of The Carlyle Group from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Barclays dropped their price target on shares of The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Wells Fargo & Company decreased their price objective on The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Oppenheimer lifted their target price on The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Finally, Evercore ISI increased their price target on The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $54.93.

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.