76,658 Shares in The Carlyle Group Inc. (NASDAQ:CG) Purchased by one8zero8 LLC

one8zero8 LLC acquired a new position in shares of The Carlyle Group Inc. (NASDAQ:CG) in the fourth quarter, HoldingsChannel reports. The firm acquired 76,658 shares of the financial services provider’s stock, valued at approximately $3,870,000. The Carlyle Group accounts for approximately 0.8% of one8zero8 LLC’s holdings, making the stock its 27th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CG. Atria Investments Inc grew its holdings in The Carlyle Group by 283.9% in the 3rd quarter. Atria Investments Inc now owns 19,861 shares of the financial services provider’s stock valued at $855,000 after buying an additional 14,687 shares during the period. Apollon Wealth Management LLC grew its holdings in The Carlyle Group by 4.4% in the 3rd quarter. Apollon Wealth Management LLC now owns 22,977 shares of the financial services provider’s stock valued at $989,000 after buying an additional 964 shares during the period. Entropy Technologies LP purchased a new stake in The Carlyle Group in the 3rd quarter valued at about $381,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in The Carlyle Group by 2.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 501,647 shares of the financial services provider’s stock valued at $21,601,000 after buying an additional 10,448 shares during the period. Finally, KBC Group NV grew its holdings in The Carlyle Group by 1.9% in the 3rd quarter. KBC Group NV now owns 54,539 shares of the financial services provider’s stock valued at $2,349,000 after buying an additional 1,024 shares during the period. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Stock Performance

Shares of CG opened at $42.36 on Friday. The business’s 50 day moving average is $50.89 and its two-hundred day moving average is $49.10. The Carlyle Group Inc. has a 52-week low of $36.65 and a 52-week high of $57.50. The firm has a market cap of $15.30 billion, a price-to-earnings ratio of 15.24, a PEG 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 (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%. Analysts forecast that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group’s payout ratio is 50.36%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Wolfe Research upgraded The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target for the company in a report on Friday, January 3rd. StockNews.com cut The Carlyle Group from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Wells Fargo & Company decreased their target price 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. Evercore ISI boosted their target price on 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, Barclays decreased their target price on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target 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.