Retirement Wealth Solutions LLC Buys New Shares in The Carlyle Group Inc. (NASDAQ:CG)

Retirement Wealth Solutions LLC purchased a new stake in The Carlyle Group Inc. (NASDAQ:CG) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,135 shares of the financial services provider’s stock, valued at approximately $57,000.

Other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group bought a new stake in The Carlyle Group in the third quarter valued at about $33,000. Tobam grew its stake in shares of The Carlyle Group by 32.8% in the 3rd quarter. Tobam now owns 890 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 220 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of The Carlyle Group by 1,600.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock worth $73,000 after buying an additional 1,600 shares during the period. Blue Trust Inc. boosted its stake in The Carlyle Group by 147.9% in the 3rd quarter. Blue Trust Inc. now owns 1,909 shares of the financial services provider’s stock valued at $77,000 after buying an additional 1,139 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in The Carlyle Group during the second quarter worth $126,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Trading Up 1.8 %

CG opened at $55.24 on Friday. The Carlyle Group Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $55.65. The company has a market cap of $19.76 billion, a price-to-earnings ratio of 190.48, a price-to-earnings-growth ratio of 1.05 and a beta of 1.69. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32. The firm has a 50 day simple moving average of $52.02 and a 200 day simple moving average of $46.89.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The company had revenue of $895.00 million for the quarter, compared to the consensus estimate of $908.17 million. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.87 EPS. On average, sell-side analysts anticipate that The Carlyle Group Inc. will post 3.8 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were given a $0.35 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.53%. The Carlyle Group’s dividend payout ratio is 482.76%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Oppenheimer boosted their target price on shares of The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Morgan Stanley upped their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. StockNews.com downgraded The Carlyle Group from a “hold” rating to a “sell” rating in a report on Sunday, December 8th. JMP Securities reaffirmed a “market outperform” rating and set a $60.00 price target on shares of The Carlyle Group in a report on Wednesday, October 9th. Finally, Wells Fargo & Company boosted their price objective on The Carlyle Group from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $54.44.

Insider Buying and Selling

In other news, Director Daniel A. D’aniello sold 495,542 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the sale, the director now owns 32,504,102 shares of the company’s stock, valued at $1,674,936,376.06. This trade represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 27.20% of the stock is owned by insiders.

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.