GAMMA Investing LLC Invests $38,000 in The Carlyle Group Inc. (NASDAQ:CG)

GAMMA Investing LLC acquired a new stake in The Carlyle Group Inc. (NASDAQ:CG) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 941 shares of the financial services provider’s stock, valued at approximately $38,000.

Several other large investors also recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in The Carlyle Group in the 3rd quarter worth approximately $755,000. Asset Management One Co. Ltd. increased its position in The Carlyle Group by 13.9% in the third quarter. Asset Management One Co. Ltd. now owns 84,349 shares of the financial services provider’s stock worth $2,544,000 after purchasing an additional 10,317 shares during the period. Commonwealth Equity Services LLC lifted its position in The Carlyle Group by 0.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 109,184 shares of the financial services provider’s stock valued at $3,293,000 after purchasing an additional 821 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in shares of The Carlyle Group by 36.8% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 32,215 shares of the financial services provider’s stock valued at $972,000 after purchasing an additional 8,664 shares during the last quarter. Finally, Raymond James & Associates raised its stake in shares of The Carlyle Group by 21.0% during the third quarter. Raymond James & Associates now owns 443,560 shares of the financial services provider’s stock worth $13,378,000 after buying an additional 76,888 shares during the last quarter. Institutional investors own 55.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CG shares. Barclays decreased their price objective on The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating for the company in a research note on Thursday. Keefe, Bruyette & Woods restated a “market perform” rating and set a $48.00 price objective (down previously from $50.00) on shares of The Carlyle Group in a report on Thursday. The Goldman Sachs Group reduced 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. Citigroup increased their price target on The Carlyle Group from $41.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Finally, Morgan Stanley lifted their price objective on The Carlyle Group from $34.00 to $40.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $44.25.

The Carlyle Group Trading Up 1.2 %

The Carlyle Group stock opened at $41.06 on Friday. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.53 and a quick ratio of 2.27. The firm has a 50-day moving average of $45.75 and a 200-day moving average of $40.02. The company has a market cap of $14.87 billion, a price-to-earnings ratio of -22.94, a P/E/G ratio of 0.86 and a beta of 1.77. The Carlyle Group Inc. has a one year low of $25.20 and a one year high of $48.52.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $986.10 million. During the same quarter in the previous year, the firm earned $0.63 EPS. The business’s quarterly revenue was up 35.6% on a year-over-year basis. On average, equities analysts expect that The Carlyle Group Inc. will post 3.98 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Monday, May 13th. The Carlyle Group’s dividend payout ratio (DPR) is presently -78.21%.

Insider Activity

In other The Carlyle Group news, major shareholder Carlyle Group Inc. bought 190,000 shares of The Carlyle Group stock in a transaction dated Thursday, February 8th. The stock was bought at an average cost of $12.95 per share, for a total transaction of $2,460,500.00. Following the purchase, the insider now owns 1,066,189 shares of the company’s stock, valued at approximately $13,807,147.55. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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.