The Carlyle Group Inc. (NASDAQ:CG) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC grew its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 10.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,655 shares of the financial services provider’s stock after acquiring an additional 2,224 shares during the period. Apollon Wealth Management LLC’s holdings in The Carlyle Group were worth $963,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of CG. New York State Teachers Retirement System purchased a new stake in shares of The Carlyle Group during the 4th quarter worth $1,349,000. Mutual of America Capital Management LLC purchased a new stake in shares of The Carlyle Group during the 4th quarter worth $5,410,000. SG Americas Securities LLC lifted its position in The Carlyle Group by 347.1% in the fourth quarter. SG Americas Securities LLC now owns 111,957 shares of the financial services provider’s stock valued at $4,556,000 after acquiring an additional 86,914 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in The Carlyle Group in the fourth quarter valued at $1,324,000. Finally, Xponance Inc. lifted its position in The Carlyle Group by 245.8% in the fourth quarter. Xponance Inc. now owns 26,338 shares of the financial services provider’s stock valued at $1,072,000 after acquiring an additional 18,722 shares during the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CG. The Goldman Sachs Group reduced their price target on shares of The Carlyle Group from $54.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. TheStreet cut shares of The Carlyle Group from a “b-” rating to a “c” rating in a report on Wednesday, February 7th. UBS Group upped their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Morgan Stanley boosted their price target on shares of The Carlyle Group from $34.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Finally, Jefferies Financial Group dropped their price target on shares of The Carlyle Group from $49.00 to $44.00 and set a “hold” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, The Carlyle Group currently has an average rating of “Hold” and an average target price of $45.60.

The Carlyle Group Stock Up 2.1 %

Shares of CG opened at $42.37 on Friday. The company has a quick ratio of 2.27, a current ratio of 2.53 and a debt-to-equity ratio of 1.53. The firm has a market cap of $15.34 billion, a PE ratio of -23.67, a price-to-earnings-growth ratio of 1.01 and a beta of 1.77. The company’s fifty day moving average is $45.52 and its two-hundred day moving average is $40.39. The Carlyle Group Inc. has a fifty-two week low of $25.47 and a fifty-two week high of $48.52.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.09. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $986.10 million. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The business’s quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.63 EPS. Analysts forecast that The Carlyle Group Inc. will post 3.94 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Monday, May 13th. The Carlyle Group’s dividend payout ratio is currently -78.21%.

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.