Waterfront Wealth Inc. Cuts Stake in The Carlyle Group Inc. (NASDAQ:CG)

Waterfront Wealth Inc. lessened its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 26,065 shares of the financial services provider’s stock after selling 200 shares during the quarter. Waterfront Wealth Inc.’s holdings in The Carlyle Group were worth $1,316,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in The Carlyle Group during the 4th quarter valued at approximately $25,000. Valley National Advisers Inc. grew its holdings in 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 valued at $27,000 after buying an additional 327 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of The Carlyle Group by 253.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 405 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of The Carlyle Group in the 3rd quarter valued at approximately $33,000. Finally, Wilmington Savings Fund Society FSB lifted its stake in shares of The Carlyle Group by 8,090.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 890 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Trading Down 1.0 %

Shares of NASDAQ:CG opened at $52.01 on Friday. The Carlyle Group Inc. has a 12-month low of $36.65 and a 12-month high of $57.50. The business’s fifty day simple moving average is $52.62 and its 200-day simple moving average is $48.45. The company has a market capitalization of $18.60 billion, a PE ratio of 18.71, a P/E/G ratio of 1.00 and a beta of 1.70. 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 (NASDAQ:CG) last announced its quarterly 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 net margin of 18.81% and a return on equity of 24.02%. As a group, equities research analysts predict that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.40 annualized dividend and a yield of 2.69%. The Carlyle Group’s dividend payout ratio (DPR) is 50.36%.

Analyst Ratings Changes

Several research firms have recently issued reports on CG. Barclays lowered their price objective on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Wells Fargo & Company decreased their price target on The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Oppenheimer raised their price target on The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Wolfe Research raised The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target for the company in a research note on Friday, January 3rd. Finally, StockNews.com lowered The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $54.93.

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.