Wealth Enhancement Advisory Services LLC Has $295,000 Stake in The Carlyle Group Inc. (NASDAQ:CG)

Wealth Enhancement Advisory Services LLC reduced its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 10.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,843 shares of the financial services provider’s stock after selling 700 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in The Carlyle Group were worth $295,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group bought a new position in shares of The Carlyle Group in the third quarter worth about $33,000. Tobam raised its position in The Carlyle Group by 32.8% in the 3rd quarter. Tobam now owns 890 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 220 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in The Carlyle Group by 1,600.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock worth $73,000 after buying an additional 1,600 shares in the last quarter. Blue Trust Inc. increased its stake in shares of The Carlyle Group by 147.9% in the 3rd quarter. Blue Trust Inc. now owns 1,909 shares of the financial services provider’s stock valued at $77,000 after buying an additional 1,139 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of The Carlyle Group during the second quarter worth $126,000. 55.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the company. Barclays lifted their price objective on The Carlyle Group from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Keefe, Bruyette & Woods boosted their price target on shares of The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, November 8th. Wells Fargo & Company lifted their target price on shares of The Carlyle Group from $54.00 to $56.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. increased their price target on The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Evercore ISI upped their price objective on The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $54.44.

Insider Buying and Selling

In other The Carlyle Group news, Director Daniel A. D’aniello sold 495,542 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total value of $25,535,279.26. Following the completion of the sale, the director now owns 32,504,102 shares of the company’s stock, valued at $1,674,936,376.06. The trade was a 1.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 27.20% of the stock is currently owned by insiders.

The Carlyle Group Price Performance

NASDAQ CG opened at $55.24 on Friday. The Carlyle Group Inc. has a 52-week low of $36.65 and a 52-week high of $55.65. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The business has a 50 day simple moving average of $52.02 and a 200 day simple moving average of $46.89. The stock has a market cap of $19.76 billion, a price-to-earnings ratio of 190.48, a PEG ratio of 1.05 and a beta of 1.69.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.87 by $0.08. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The firm had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $908.17 million. During the same period in the prior year, the firm posted $0.87 earnings per share. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. Analysts anticipate that The Carlyle Group Inc. will post 3.8 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date was Monday, November 18th. The Carlyle Group’s payout ratio is presently 482.76%.

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.