Assetmark Inc. Buys 121,264 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Assetmark Inc. boosted its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 36.4% during the fourth quarter, Holdings Channel reports. The fund owned 454,267 shares of the financial services provider’s stock after acquiring an additional 121,264 shares during the period. Assetmark Inc.’s holdings in The Carlyle Group were worth $22,936,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CG. Golden State Wealth Management LLC bought a new position in shares of The Carlyle Group in the 4th quarter valued at about $25,000. National Pension Service bought a new position in shares of The Carlyle Group in the 4th quarter valued at about $25,000. Valley National Advisers Inc. boosted its stake in shares of The Carlyle Group by 149.3% in the 4th quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 327 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of 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 purchasing an additional 405 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of The Carlyle Group in the 3rd quarter valued at approximately $33,000. Institutional investors own 55.88% of the company’s stock.

The Carlyle Group Price Performance

NASDAQ CG opened at $46.16 on Thursday. 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 12-month low of $36.65 and a 12-month high of $57.50. The company has a market capitalization of $16.51 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 0.98 and a beta of 1.70. The firm’s 50 day moving average is $52.27 and its 200-day moving average is $49.05.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data 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%. Equities research 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 company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a $0.35 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.40 annualized dividend and a dividend yield of 3.03%. The Carlyle Group’s dividend payout ratio is presently 50.36%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wells Fargo & Company cut their price target on shares of The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. StockNews.com downgraded shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Oppenheimer increased their price target on shares of The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Evercore ISI increased 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. Finally, Keefe, Bruyette & Woods increased their price target on shares of 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. 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. Based on data from MarketBeat.com, The Carlyle Group currently has an average rating of “Hold” and a consensus target price of $54.93.

The Carlyle Group Company 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.