Stockman Wealth Management Inc. acquired a new position in shares of The Carlyle Group LP (NASDAQ:CG) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,000 shares of the financial services provider’s stock, valued at approximately $183,000.
Other hedge funds have also recently modified their holdings of the company. Cordasco Financial Network purchased a new position in shares of The Carlyle Group during the first quarter worth about $41,000. JOYN Advisors Inc. grew its holdings in shares of The Carlyle Group by 5.8% during the fourth quarter. JOYN Advisors Inc. now owns 11,481 shares of the financial services provider’s stock worth $181,000 after buying an additional 630 shares during the last quarter. Suntrust Banks Inc. grew its holdings in shares of The Carlyle Group by 18.7% during the fourth quarter. Suntrust Banks Inc. now owns 11,227 shares of the financial services provider’s stock worth $183,000 after buying an additional 1,770 shares during the last quarter. Pennsylvania Trust Co grew its holdings in shares of The Carlyle Group by 10.6% during the fourth quarter. Pennsylvania Trust Co now owns 13,145 shares of the financial services provider’s stock worth $207,000 after buying an additional 1,260 shares during the last quarter. Finally, Synovus Financial Corp grew its holdings in shares of The Carlyle Group by 150.6% during the fourth quarter. Synovus Financial Corp now owns 14,729 shares of the financial services provider’s stock worth $231,000 after buying an additional 8,851 shares during the last quarter. 44.63% of the stock is currently owned by institutional investors.
A number of research firms recently issued reports on CG. CIBC reissued a “hold” rating and set a $9.00 price target on shares of The Carlyle Group in a report on Monday, April 8th. TheStreet raised The Carlyle Group from a “c” rating to a “b” rating in a report on Thursday, May 9th. BidaskClub lowered The Carlyle Group from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th. Bank of America lowered The Carlyle Group from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $23.00 to $20.00 in a report on Friday, March 29th. Finally, Canaccord Genuity reissued an “average” rating and set a $9.00 price target on shares of The Carlyle Group in a report on Monday, March 25th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $20.91.
The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.10). The Carlyle Group had a net margin of 7.60% and a return on equity of 6.82%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $487.45 million. During the same period in the prior year, the firm posted $0.47 EPS. The Carlyle Group’s revenue for the quarter was up 54.7% compared to the same quarter last year. On average, sell-side analysts predict that The Carlyle Group LP will post 1.68 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Monday, May 13th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Friday, May 10th. The Carlyle Group’s dividend payout ratio is presently 28.90%.
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The Carlyle Group Company Profile
The Carlyle Group L.P. 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.
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