Mission Wealth Management LP Makes New Investment in The Carlyle Group Inc. (NASDAQ:CG)

Mission Wealth Management LP acquired a new stake in The Carlyle Group Inc. (NASDAQ:CG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,014 shares of the financial services provider’s stock, valued at approximately $204,000.

Several other institutional investors have also recently added to or reduced their stakes in CG. William Blair Investment Management LLC boosted its stake in The Carlyle Group by 65.9% in the third quarter. William Blair Investment Management LLC now owns 8,877,428 shares of the financial services provider’s stock valued at $267,743,000 after acquiring an additional 3,524,794 shares in the last quarter. Ariel Investments LLC grew its stake in The Carlyle Group by 16.9% during the 3rd quarter. Ariel Investments LLC now owns 6,364,528 shares of the financial services provider’s stock worth $191,954,000 after buying an additional 918,114 shares during the last quarter. FMR LLC increased its position in The Carlyle Group by 11.0% during the third quarter. FMR LLC now owns 2,134,653 shares of the financial services provider’s stock worth $64,381,000 after buying an additional 211,210 shares during the period. Northern Trust Corp boosted its holdings in shares of The Carlyle Group by 1.3% in the third quarter. Northern Trust Corp now owns 1,571,464 shares of the financial services provider’s stock valued at $47,395,000 after acquiring an additional 20,915 shares during the period. Finally, LGT Capital Partners LTD. grew its position in shares of The Carlyle Group by 1.5% during the fourth quarter. LGT Capital Partners LTD. now owns 1,420,500 shares of the financial services provider’s stock worth $57,800,000 after acquiring an additional 20,500 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Insider Buying and Selling at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. acquired 190,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was purchased at an average cost of $12.95 per share, for a total transaction of $2,460,500.00. Following the transaction, the insider now directly owns 1,066,189 shares of the company’s stock, valued at approximately $13,807,147.55. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 27.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CG shares. Morgan Stanley upped their price target on shares of The Carlyle Group from $34.00 to $40.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Oppenheimer decreased their target price on shares of The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday. TD Cowen dropped their price target on The Carlyle Group from $49.00 to $45.00 and set a “hold” rating on the stock in a research report on Thursday. Barclays lowered their target price on The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, JMP Securities upped their price target on The Carlyle Group from $52.00 to $58.00 and gave the stock a “market outperform” rating in a research note on Thursday, February 8th. 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $44.25.

The Carlyle Group Stock Up 1.2 %

Shares of NASDAQ CG opened at $41.06 on Friday. The stock has a market capitalization of $14.87 billion, a price-to-earnings ratio of -22.94, a price-to-earnings-growth ratio of 0.86 and a beta of 1.77. The Carlyle Group Inc. has a 52 week low of $25.20 and a 52 week high of $48.52. The firm has a 50-day moving average price of $45.75 and a 200 day moving average price of $40.02. The company has a quick ratio of 2.27, a current ratio of 2.53 and a debt-to-equity ratio of 1.53.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.09. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $986.10 million. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The company’s revenue was up 35.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.63 EPS. Equities research analysts anticipate that The Carlyle Group Inc. will post 3.98 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

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 given a $0.35 dividend. The ex-dividend date is Monday, May 13th. This represents a $1.40 annualized dividend and a dividend yield of 3.41%. The Carlyle Group’s dividend payout ratio is presently -78.21%.

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.