LPL Financial LLC Has $7.57 Million Holdings in Carlyle Group Inc. (NASDAQ:CG)

LPL Financial LLC raised its position in Carlyle Group Inc. (NASDAQ:CG) by 5.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 173,645 shares of the financial services provider’s stock after purchasing an additional 8,425 shares during the quarter. LPL Financial LLC’s holdings in Carlyle Group were worth $7,569,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CG. Teacher Retirement System of Texas bought a new stake in shares of Carlyle Group in the 1st quarter valued at $1,481,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Carlyle Group by 105.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 10,929 shares of the financial services provider’s stock worth $476,000 after acquiring an additional 5,611 shares in the last quarter. Invesco Ltd. boosted its position in shares of Carlyle Group by 9.7% during the 4th quarter. Invesco Ltd. now owns 650,735 shares of the financial services provider’s stock valued at $32,856,000 after purchasing an additional 57,606 shares in the last quarter. Private Trust Co. NA increased its holdings in Carlyle Group by 101.9% in the first quarter. Private Trust Co. NA now owns 636 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 321 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in Carlyle Group by 247.7% in the first quarter. Bessemer Group Inc. now owns 1,217 shares of the financial services provider’s stock valued at $53,000 after buying an additional 867 shares during the period. 55.88% of the stock is owned by institutional investors and hedge funds.

Carlyle Group Trading Up 1.1%

Shares of CG stock opened at $62.23 on Monday. The business has a 50-day moving average price of $54.26 and a two-hundred day moving average price of $48.06. Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month high of $64.09. The company has a quick ratio of 2.36, a current ratio of 2.24 and a debt-to-equity ratio of 1.52. The firm has a market cap of $22.47 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 1.15 and a beta of 1.90.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Friday, May 9th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.17. The company had revenue of $973.10 million during the quarter, compared to analysts’ expectations of $972.27 million. Carlyle Group had a net margin of 20.22% and a return on equity of 23.60%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 EPS. Equities analysts anticipate that Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Monday, August 18th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Monday, August 18th. Carlyle Group’s dividend payout ratio is currently 40.94%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CG shares. Morgan Stanley decreased their price objective on Carlyle Group from $57.00 to $44.00 and set an “equal weight” rating for the company in a report on Monday, April 14th. JMP Securities lifted 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, July 14th. Cowen raised shares of Carlyle Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. Citigroup raised Carlyle Group from a “neutral” rating to a “buy” rating and lifted their target price for the company from $44.00 to $65.00 in a research report on Thursday, July 10th. Finally, Barclays reiterated an “overweight” rating and issued a $74.00 target price (up previously from $66.00) on shares of Carlyle Group in a research note on Thursday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $58.40.

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.