HighTower Advisors LLC Grows Position in The Carlyle Group Inc. (NASDAQ:CG)

HighTower Advisors LLC raised its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 8.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,915 shares of the financial services provider’s stock after buying an additional 3,494 shares during the quarter. HighTower Advisors LLC’s holdings in The Carlyle Group were worth $2,167,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of The Carlyle Group in the 3rd quarter worth about $265,000. Segall Bryant & Hamill LLC bought a new stake in shares of The Carlyle Group in the 3rd quarter worth about $560,000. Moors & Cabot Inc. lifted its holdings in shares of The Carlyle Group by 11.8% in the 3rd quarter. Moors & Cabot Inc. now owns 8,553 shares of the financial services provider’s stock worth $368,000 after acquiring an additional 900 shares during the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of The Carlyle Group in the 3rd quarter worth about $1,060,000. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of The Carlyle Group by 22.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,107,301 shares of the financial services provider’s stock worth $90,740,000 after acquiring an additional 391,553 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Barclays lowered their target price on shares of The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Wells Fargo & Company decreased their price objective on shares of The Carlyle Group from $54.00 to $48.00 and set an “equal weight” rating for the company in a report on Thursday. Wolfe Research upgraded shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a report on Friday, January 3rd. StockNews.com lowered shares of The Carlyle Group from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Finally, Oppenheimer lowered shares of The Carlyle Group from an “outperform” rating to a “market perform” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $54.53.

The Carlyle Group Stock Up 0.7 %

Shares of The Carlyle Group stock opened at $44.13 on Friday. The firm’s 50 day moving average price is $50.05 and its 200-day moving average price is $49.23. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42. The Carlyle Group Inc. has a 52-week low of $36.65 and a 52-week high of $57.50. The company has a market cap of $15.94 billion, a P/E ratio of 15.87, a PEG ratio of 0.98 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. On average, sell-side analysts predict that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date was Friday, February 21st. The Carlyle Group’s payout ratio is currently 50.36%.

The Carlyle Group 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.