IFP Advisors Inc Raises Holdings in The Carlyle Group Inc. (NASDAQ:CG)

IFP Advisors Inc grew its position in The Carlyle Group Inc. (NASDAQ:CG) by 46.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,329 shares of the financial services provider’s stock after buying an additional 424 shares during the quarter. IFP Advisors Inc’s holdings in The Carlyle Group were worth $67,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CG. Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in shares of The Carlyle Group by 0.3% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 80,820 shares of the financial services provider’s stock worth $4,081,000 after purchasing an additional 225 shares during the last quarter. DMC Group LLC lifted its stake in shares of The Carlyle Group by 4.3% during the 4th quarter. DMC Group LLC now owns 6,932 shares of the financial services provider’s stock worth $350,000 after purchasing an additional 283 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of The Carlyle Group by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 58,600 shares of the financial services provider’s stock worth $2,959,000 after purchasing an additional 300 shares during the last quarter. Western Pacific Wealth Management LP lifted its stake in shares of The Carlyle Group by 10.6% during the 3rd quarter. Western Pacific Wealth Management LP now owns 3,284 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 314 shares during the last quarter. Finally, Valley National Advisers Inc. lifted its stake in shares of The Carlyle Group by 149.3% during the 4th quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 327 shares during the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

The Carlyle Group Stock Performance

Shares of CG stock opened at $46.16 on Thursday. The company has a market capitalization of $16.51 billion, a P/E ratio of 16.60, a P/E/G ratio of 0.98 and a beta of 1.70. The business’s 50 day moving average is $52.27 and its two-hundred day moving average is $49.05. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.42. The Carlyle Group Inc. has a 12-month low of $36.65 and a 12-month high of $57.50.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. Analysts expect that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a $0.35 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.40 annualized dividend and a dividend yield of 3.03%. The Carlyle Group’s dividend payout ratio is presently 50.36%.

Analyst Ratings Changes

CG has been the topic of several recent analyst reports. Oppenheimer upped their target price on The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Evercore ISI upped their target price on The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods upped their target price on The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a research report on Friday, November 8th. Wells Fargo & Company cut their price objective on The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Finally, Barclays cut their price objective on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $54.93.

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.