Benjamin F. Edwards & Company Inc. Raises Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Benjamin F. Edwards & Company Inc. raised its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 2,258.9% in the fourth quarter, Holdings Channel reports. The firm owned 11,205 shares of the financial services provider’s stock after purchasing an additional 10,730 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in The Carlyle Group were worth $456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. CVA Family Office LLC purchased a new stake in The Carlyle Group during the fourth quarter worth about $35,000. GAMMA Investing LLC bought a new stake in shares of The Carlyle Group in the 4th quarter worth approximately $38,000. Clear Street Markets LLC purchased a new position in The Carlyle Group in the third quarter valued at approximately $50,000. Fifth Third Bancorp increased its position in The Carlyle Group by 25.6% in the fourth quarter. Fifth Third Bancorp now owns 2,191 shares of the financial services provider’s stock worth $89,000 after buying an additional 446 shares during the last quarter. Finally, Ramirez Asset Management Inc. bought a new stake in shares of The Carlyle Group in the third quarter valued at $84,000. 55.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. TD Cowen lowered their target price on shares of The Carlyle Group from $49.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday, May 2nd. JMP Securities boosted their price target on shares of The Carlyle Group from $52.00 to $58.00 and gave the company a “market outperform” rating in a research report on Thursday, February 8th. TheStreet lowered shares of The Carlyle Group from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $48.00 price target (down from $50.00) on shares of The Carlyle Group in a research report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of The Carlyle Group from $39.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, The Carlyle Group presently has a consensus rating of “Hold” and an average target price of $44.73.

The Carlyle Group Stock Performance

NASDAQ CG opened at $41.48 on Thursday. The company has a 50-day simple moving average of $45.59 and a two-hundred day simple moving average of $40.37. 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 Inc. has a 12-month low of $25.47 and a 12-month high of $48.52. The firm has a market cap of $15.02 billion, a price-to-earnings ratio of -23.17, a PEG ratio of 1.01 and a beta of 1.77.

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 (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.09. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $986.10 million. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The company’s revenue was up 35.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.63 earnings per share. On average, equities analysts forecast that The Carlyle Group Inc. will post 3.94 EPS for the current 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 paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Monday, May 13th. The Carlyle Group’s dividend payout ratio (DPR) is -78.21%.

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.