The Carlyle Group Inc. (NASDAQ:CG) Stock Holdings Increased by Assetmark Inc.

Assetmark Inc. increased its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 36.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 454,267 shares of the financial services provider’s stock after purchasing an additional 121,264 shares during the quarter. Assetmark Inc. owned 0.13% of The Carlyle Group worth $22,936,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CG. Deroy & Devereaux Private Investment Counsel Inc. raised its holdings in shares of The Carlyle Group by 0.3% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 80,820 shares of the financial services provider’s stock valued at $4,081,000 after acquiring an additional 225 shares during the period. DMC Group LLC raised its holdings in shares of The Carlyle Group by 4.3% during the fourth quarter. DMC Group LLC now owns 6,932 shares of the financial services provider’s stock valued at $350,000 after acquiring an additional 283 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of The Carlyle Group by 31.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,229 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 296 shares during the period. Louisiana State Employees Retirement System raised its holdings in shares of The Carlyle Group by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 58,600 shares of the financial services provider’s stock valued at $2,959,000 after acquiring an additional 300 shares during the period. Finally, Western Pacific Wealth Management LP grew its position in The Carlyle Group by 10.6% during the third quarter. Western Pacific Wealth Management LP now owns 3,284 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 314 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors.

The Carlyle Group Trading Up 2.4 %

Shares of The Carlyle Group stock opened at $46.16 on Thursday. The stock has a market capitalization of $16.51 billion, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 0.98 and a beta of 1.70. 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 company has a 50-day simple moving average of $52.27 and a 200 day simple moving average of $49.05. 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 announced its earnings results 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%. Research analysts expect 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date was Friday, February 21st. The Carlyle Group’s dividend payout ratio is currently 50.36%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Oppenheimer boosted their price objective on shares of 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 boosted their price objective on shares of 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. Barclays lowered their price objective on shares of The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Wells Fargo & Company lowered their price objective on shares of The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.