Xponance Inc. Increases Position in The Carlyle Group Inc. (NASDAQ:CG)

Xponance Inc. lifted its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 245.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 26,338 shares of the financial services provider’s stock after buying an additional 18,722 shares during the quarter. Xponance Inc.’s holdings in The Carlyle Group were worth $1,072,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CG. New York State Teachers Retirement System acquired a new position in The Carlyle Group during the fourth quarter worth approximately $1,349,000. Mutual of America Capital Management LLC acquired a new position in The Carlyle Group during the fourth quarter worth approximately $5,410,000. SG Americas Securities LLC increased its position in The Carlyle Group by 347.1% during the fourth quarter. SG Americas Securities LLC now owns 111,957 shares of the financial services provider’s stock worth $4,556,000 after purchasing an additional 86,914 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in shares of The Carlyle Group in the fourth quarter worth $1,324,000. Finally, HighTower Advisors LLC increased its position in shares of The Carlyle Group by 13.8% in the third quarter. HighTower Advisors LLC now owns 37,377 shares of the financial services provider’s stock worth $1,121,000 after acquiring an additional 4,534 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CG. TD Cowen began coverage on shares of The Carlyle Group in a research report on Thursday, January 4th. They issued a “market perform” rating and a $42.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on shares of The Carlyle Group from $39.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Morgan Stanley increased their price objective on shares of The Carlyle Group from $34.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. TheStreet lowered shares of The Carlyle Group from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. Finally, JMP Securities upped their target price on shares of The Carlyle Group from $52.00 to $58.00 and gave the company a “market outperform” rating in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $43.07.

The Carlyle Group Trading Down 0.5 %

The Carlyle Group stock opened at $46.12 on Thursday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.27 and a current ratio of 2.27. The Carlyle Group Inc. has a 1 year low of $25.20 and a 1 year high of $48.52. The firm’s 50-day moving average is $45.89 and its 200-day moving average is $39.41. The company has a market cap of $16.70 billion, a P/E ratio of -27.29, a PEG ratio of 0.96 and a beta of 1.79.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.08. The Carlyle Group had a negative net margin of 20.53% and a positive return on equity of 19.74%. The business had revenue of $896.40 million for the quarter, compared to analysts’ expectations of $860.68 million. During the same quarter last year, the company earned $1.01 EPS. The company’s revenue for the quarter was down 15.4% compared to the same quarter last year. On average, equities analysts expect that The Carlyle Group Inc. will post 3.95 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 23rd were issued a $0.35 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.04%. The Carlyle Group’s dividend payout ratio (DPR) is presently -82.84%.

Insider Buying and Selling

In related news, major shareholder Carlyle Group Inc. bought 190,000 shares of the stock in a transaction on Thursday, February 8th. The shares were purchased at an average price of $12.95 per share, with a total value of $2,460,500.00. Following the purchase, the insider now owns 1,066,189 shares in the company, valued at $13,807,147.55. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 27.00% of the company’s stock.

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.