Smartleaf Asset Management LLC Has $62,000 Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

Smartleaf Asset Management LLC lifted its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 31.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,229 shares of the financial services provider’s stock after purchasing an additional 296 shares during the quarter. Smartleaf Asset Management LLC’s holdings in The Carlyle Group were worth $62,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. FMR LLC increased its position in shares of The Carlyle Group by 72.8% during the 3rd quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock worth $174,469,000 after purchasing an additional 1,707,520 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of The Carlyle Group by 68.1% in the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock valued at $82,651,000 after buying an additional 777,304 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in The Carlyle Group by 22.8% during the third 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 in the last quarter. Franklin Street Advisors Inc. NC acquired a new stake in The Carlyle Group in the fourth quarter valued at $17,671,000. Finally, Phase 2 Partners LLC acquired a new position in shares of The Carlyle Group during the 3rd quarter worth about $7,402,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Wall Street Analyst Weigh In

CG has been the subject of several research analyst reports. Wolfe Research upgraded The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 target price for the company in a research note on Friday, January 3rd. StockNews.com downgraded shares of The Carlyle Group from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Oppenheimer raised their target price on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Wells Fargo & Company lowered their price target on shares of 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, Evercore ISI boosted their price objective on The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $54.93.

The Carlyle Group Price Performance

Shares of NASDAQ:CG opened at $40.03 on Tuesday. The firm has a 50 day simple moving average of $51.64 and a 200 day simple moving average of $49.13. The company has a market cap of $14.46 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 0.98 and a beta of 1.73. The Carlyle Group Inc. has a one year low of $36.65 and a one year high of $57.50. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Monday, February 10th. The financial services provider reported $0.92 EPS 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%. Research analysts predict that The Carlyle Group Inc. will post 4.48 earnings per share 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. Shareholders of record on Friday, February 21st were given a $0.35 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.50%. The Carlyle Group’s dividend payout ratio (DPR) is presently 50.36%.

The 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.