Daiwa Securities Group Inc. Acquires 700 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Daiwa Securities Group Inc. grew its stake in The Carlyle Group Inc. (NASDAQ:CG) by 5.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,673 shares of the financial services provider’s stock after acquiring an additional 700 shares during the period. Daiwa Securities Group Inc.’s holdings in The Carlyle Group were worth $556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in The Carlyle Group by 7.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 95,047 shares of the financial services provider’s stock worth $3,867,000 after purchasing an additional 6,276 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in The Carlyle Group during the fourth quarter worth about $2,474,000. YHB Investment Advisors Inc. bought a new stake in The Carlyle Group in the 4th quarter valued at about $202,000. Friedenthal Financial acquired a new position in shares of The Carlyle Group during the 4th quarter worth approximately $755,000. Finally, Cerity Partners LLC bought a new position in shares of The Carlyle Group during the fourth quarter worth approximately $2,209,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Carlyle Group Inc. acquired 190,000 shares of The Carlyle Group stock in a transaction dated Thursday, February 8th. The shares were bought at an average cost 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 approximately $13,807,147.55. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 27.00% of the stock is owned by insiders.

The Carlyle Group Stock Performance

The Carlyle Group stock opened at $45.62 on Friday. The business has a 50 day moving average of $45.91 and a 200-day moving average of $39.46. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.27 and a quick 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 company has a market capitalization of $16.52 billion, a P/E ratio of -26.99, a P/E/G ratio of 0.99 and a beta of 1.79.

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

The Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 23rd were paid a $0.35 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.40 annualized dividend and a dividend yield of 3.07%. The Carlyle Group’s payout ratio is -82.84%.

Analyst Ratings Changes

CG has been the topic of a number of analyst reports. Citigroup increased their price target on The Carlyle Group from $41.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. JPMorgan Chase & Co. boosted their price target on The Carlyle Group from $39.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. TheStreet lowered shares of The Carlyle Group from a “b-” rating to a “c” rating in a report on Wednesday, February 7th. UBS Group increased their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Finally, TD Cowen began coverage on shares of The Carlyle Group in a research report on Thursday, January 4th. They set a “market perform” rating and a $42.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, The Carlyle Group has a consensus rating of “Hold” and an average target price of $43.07.

About The Carlyle Group

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.