Cerity Partners LLC Acquires 6,743 Shares of Carlyle Group Inc. (NASDAQ:CG)

Cerity Partners LLC raised its holdings in Carlyle Group Inc. (NASDAQ:CG) by 9.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,019 shares of the financial services provider’s stock after purchasing an additional 6,743 shares during the quarter. Cerity Partners LLC’s holdings in Carlyle Group were worth $3,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Main Street Group LTD bought a new stake in shares of Carlyle Group in the 4th quarter worth approximately $29,000. Whipplewood Advisors LLC increased its position in Carlyle Group by 5,100.0% in 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 during the last quarter. LRI Investments LLC bought a new stake in shares of Carlyle Group in the fourth quarter valued at $32,000. Private Trust Co. NA lifted its position in shares of Carlyle Group by 101.9% during the 1st quarter. Private Trust Co. NA now owns 636 shares of the financial services provider’s stock valued at $28,000 after buying an additional 321 shares during the last quarter. Finally, Oarsman Capital Inc. increased its holdings in Carlyle Group by 198.4% in the 4th quarter. Oarsman Capital Inc. now owns 916 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 609 shares during the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CG shares. Wells Fargo & Company lifted their price objective on shares of Carlyle Group from $49.00 to $61.00 and gave the company an “equal weight” rating in a research note on Friday, July 11th. Citigroup upgraded Carlyle Group from a “neutral” rating to a “buy” rating and lifted their price target for the company from $44.00 to $65.00 in a research report on Thursday, July 10th. Cowen raised Carlyle Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 14th. Barclays reaffirmed an “overweight” rating and set a $64.00 target price (up previously from $49.00) on shares of Carlyle Group in a report on Thursday, July 10th. Finally, TD Cowen upgraded shares of Carlyle Group from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Wednesday, May 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Carlyle Group has an average rating of “Hold” and an average price target of $57.73.

Carlyle Group Stock Performance

Shares of CG stock opened at $60.17 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.36 and a current ratio of 2.36. Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $60.64. The company has a market capitalization of $21.73 billion, a P/E ratio of 20.40, a PEG ratio of 1.15 and a beta of 1.86. The stock has a 50 day moving average price of $49.59 and a two-hundred day moving average price of $47.28.

Carlyle Group (NASDAQ:CG) last posted its earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.17. Carlyle Group had a net margin of 19.00% and a return on equity of 23.78%. The company had revenue of $973.10 million during the quarter, compared to analyst estimates of $972.27 million. During the same period in the prior year, the business posted $1.01 earnings per share. Carlyle Group’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts expect that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date was Monday, May 19th. Carlyle Group’s payout ratio is currently 47.46%.

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.