Atria Wealth Solutions Inc. Increases Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Atria Wealth Solutions Inc. lifted its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 4.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 18,385 shares of the financial services provider’s stock after acquiring an additional 810 shares during the period. Atria Wealth Solutions Inc.’s holdings in The Carlyle Group were worth $748,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CG. CVA Family Office LLC acquired a new stake in The Carlyle Group during the 4th quarter worth about $35,000. GAMMA Investing LLC acquired a new position in The Carlyle Group in the 4th quarter worth approximately $38,000. Clear Street Markets LLC acquired a new stake in The Carlyle Group during the 3rd quarter valued at approximately $50,000. Ramirez Asset Management Inc. purchased a new stake in shares of The Carlyle Group in the 3rd quarter valued at $84,000. Finally, Banque Cantonale Vaudoise raised its holdings in shares of The Carlyle Group by 25.8% during the third quarter. Banque Cantonale Vaudoise now owns 2,893 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 593 shares during the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on CG. JMP Securities increased their price target on The Carlyle Group from $52.00 to $58.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 8th. Citigroup lifted their price target on The Carlyle Group from $41.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. UBS Group upped their price objective on The Carlyle Group from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. TD Cowen decreased their target price on shares of The Carlyle Group from $49.00 to $45.00 and set a “hold” rating for the company in a research note on Thursday. Finally, The Goldman Sachs Group dropped their price target on shares of The Carlyle Group from $54.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, The Carlyle Group currently has a consensus rating of “Hold” and an average target price of $44.25.

The Carlyle Group Trading Up 1.2 %

CG stock opened at $41.06 on Friday. The business’s 50-day moving average is $45.82 and its 200 day moving average is $39.94. The Carlyle Group Inc. has a 12-month low of $25.20 and a 12-month high of $48.52. The stock has a market cap of $14.87 billion, a price-to-earnings ratio of -22.94, a PEG ratio of 0.87 and a beta of 1.77. The company has a current ratio of 2.53, a quick ratio of 2.27 and a debt-to-equity ratio of 1.53.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.92 by $0.09. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $986.10 million. During the same period in the prior year, the company earned $0.63 EPS. The firm’s revenue was up 35.6% compared to the same quarter last year. On average, sell-side analysts anticipate that The Carlyle Group Inc. will post 3.97 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th will be paid a dividend of $0.35 per share. The ex-dividend date is Monday, May 13th. This represents a $1.40 annualized dividend and a yield of 3.41%. The Carlyle Group’s dividend payout ratio is presently -78.21%.

Insider Buying and Selling at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. acquired 190,000 shares of the stock in a transaction on Thursday, February 8th. The shares were bought at an average price of $12.95 per share, with a total value of $2,460,500.00. Following the completion of the purchase, the insider now owns 1,066,189 shares of the company’s stock, valued at approximately $13,807,147.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 27.20% of the stock is owned by insiders.

The Carlyle Group Company 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.