Envestnet Asset Management Inc. Has $24.31 Million Holdings in Carlyle Group Inc. (NASDAQ:CG)

Envestnet Asset Management Inc. increased its holdings in shares of Carlyle Group Inc. (NASDAQ:CG) by 14.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 557,575 shares of the financial services provider’s stock after purchasing an additional 70,156 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.15% of Carlyle Group worth $24,305,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Whipplewood Advisors LLC grew its stake in Carlyle Group by 5,100.0% during the first quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider’s stock worth $25,000 after buying an additional 561 shares in the last quarter. Private Trust Co. NA grew its stake in Carlyle Group by 101.9% during the first quarter. Private Trust Co. NA now owns 636 shares of the financial services provider’s stock worth $28,000 after buying an additional 321 shares in the last quarter. Main Street Group LTD acquired a new stake in Carlyle Group during the fourth quarter worth about $29,000. LRI Investments LLC acquired a new stake in Carlyle Group during the fourth quarter worth about $32,000. Finally, Farther Finance Advisors LLC grew its stake in Carlyle Group by 117.2% during the first quarter. Farther Finance Advisors LLC now owns 973 shares of the financial services provider’s stock worth $43,000 after buying an additional 525 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. JMP Securities raised their price objective on shares of Carlyle Group from $58.00 to $70.00 and gave the company a “market outperform” rating in a report on Monday. Barclays reiterated an “overweight” rating and issued a $64.00 price objective (up previously from $49.00) on shares of Carlyle Group in a report on Thursday, July 10th. Wells Fargo & Company raised their price target on shares of Carlyle Group from $49.00 to $61.00 and gave the stock an “equal weight” rating in a report on Friday, July 11th. Cowen upgraded shares of Carlyle Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 14th. Finally, Citigroup upgraded shares of Carlyle Group from a “neutral” rating to a “buy” rating and raised their price target for the stock from $44.00 to $65.00 in a report on Thursday, July 10th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $57.73.

Carlyle Group Stock Down 2.3%

Shares of NASDAQ:CG opened at $57.64 on Wednesday. The firm has a fifty day moving average price of $48.49 and a two-hundred day moving average price of $47.07. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.36 and a quick ratio of 2.36. Carlyle Group Inc. has a one year low of $33.02 and a one year high of $59.28. The company has a market cap of $20.82 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 1.13 and a beta of 1.86.

Carlyle Group (NASDAQ:CG) last issued its earnings results on Friday, May 9th. The financial services provider reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.17. The company had revenue of $973.10 million for the quarter, compared to analysts’ expectations of $972.27 million. Carlyle Group had a net margin of 19.00% and a return on equity of 23.78%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.01 EPS. Analysts anticipate that Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend was Monday, May 19th. Carlyle Group’s dividend payout ratio is currently 47.46%.

About 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.