Great West Life Assurance Co. Can Acquires Shares of 128,464 The Carlyle Group Inc. (NASDAQ:CG)

Great West Life Assurance Co. Can acquired a new stake in The Carlyle Group Inc. (NASDAQ:CGGet Rating) during the third quarter, according to its most recent filing with the SEC. The firm acquired 128,464 shares of the financial services provider’s stock, valued at approximately $3,314,000.

A number of other hedge funds have also recently bought and sold shares of the company. Tranquility Partners LLC boosted its position in The Carlyle Group by 5.8% in the 3rd quarter. Tranquility Partners LLC now owns 14,970 shares of the financial services provider’s stock valued at $387,000 after buying an additional 821 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of The Carlyle Group by 8.0% in the 3rd quarter. SG Americas Securities LLC now owns 18,260 shares of the financial services provider’s stock valued at $472,000 after purchasing an additional 1,349 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in shares of The Carlyle Group by 3.5% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 115,876 shares of the financial services provider’s stock valued at $2,994,000 after purchasing an additional 3,913 shares during the period. US Bancorp DE lifted its stake in shares of The Carlyle Group by 1,939.4% in the 3rd quarter. US Bancorp DE now owns 55,348 shares of the financial services provider’s stock valued at $1,430,000 after purchasing an additional 52,634 shares during the period. Finally, Van ECK Associates Corp lifted its stake in shares of The Carlyle Group by 12.9% in the 3rd quarter. Van ECK Associates Corp now owns 10,679 shares of the financial services provider’s stock valued at $276,000 after purchasing an additional 1,216 shares during the period. 52.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. StockNews.com downgraded The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Wednesday, November 23rd. Bank of America reaffirmed an “underperform” rating and set a $34.00 price objective on shares of The Carlyle Group in a research note on Thursday, October 6th. Piper Sandler dropped their price objective on The Carlyle Group from $68.00 to $62.00 in a research note on Tuesday, October 11th. UBS Group dropped their price objective on The Carlyle Group from $40.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 15th. Finally, Credit Suisse Group set a $36.00 price objective on The Carlyle Group in a research note on Wednesday, November 23rd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $40.27.

The Carlyle Group Price Performance

CG stock opened at $34.44 on Wednesday. The stock has a 50-day moving average price of $30.68 and a two-hundred day moving average price of $30.91. The stock has a market cap of $12.52 billion, a PE ratio of 7.21 and a beta of 1.68. The company has a current ratio of 2.60, a quick ratio of 2.59 and a debt-to-equity ratio of 1.16. The Carlyle Group Inc. has a 1 year low of $24.59 and a 1 year high of $54.06.

The Carlyle Group (NASDAQ:CGGet Rating) last announced its quarterly earnings data on Tuesday, November 8th. The financial services provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.38. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.08 billion. The Carlyle Group had a return on equity of 36.19% and a net margin of 30.52%. Equities analysts forecast that The Carlyle Group Inc. will post 4.27 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 25th. Stockholders of record on Friday, November 18th were issued a $0.325 dividend. This represents a $1.30 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend was Thursday, November 17th. The Carlyle Group’s payout ratio is 27.20%.

The Carlyle Group Profile

(Get Rating)

The Carlyle Group, Inc engages in multi-product global alternative asset management. It operates through the following segments: Corporate Private Equity, Real Assets, Global Credit, and Investment Solutions. The Corporate Private Equity segment focuses on buyout, and growth capital funds, which pursue a variety of corporate investments of different sizes and growth potentials.

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Institutional Ownership by Quarter for The Carlyle Group (NASDAQ:CG)

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