Raymond James Financial Inc. Acquires Shares of 1,659,412 The Carlyle Group Inc. (NASDAQ:CG)

Raymond James Financial Inc. acquired a new stake in shares of The Carlyle Group Inc. (NASDAQ:CG) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,659,412 shares of the financial services provider’s stock, valued at approximately $83,784,000.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in The Carlyle Group by 68.1% during 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. Sargent Investment Group LLC lifted its position in shares of The Carlyle Group by 6.5% in the fourth quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider’s stock worth $15,283,000 after purchasing an additional 18,537 shares in the last quarter. Franklin Street Advisors Inc. NC purchased a new stake in shares of The Carlyle Group in the fourth quarter worth approximately $17,671,000. Empowered Funds LLC lifted its position in shares of The Carlyle Group by 443.1% in the third quarter. Empowered Funds LLC now owns 157,674 shares of the financial services provider’s stock worth $6,789,000 after purchasing an additional 128,644 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of The Carlyle Group by 26.9% in the fourth quarter. Blue Trust Inc. now owns 2,423 shares of the financial services provider’s stock worth $122,000 after purchasing an additional 514 shares in the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CG. Evercore ISI increased their price target on shares of The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 12th. StockNews.com lowered shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Wolfe Research raised shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective on the stock in a research report on Friday, January 3rd. Barclays cut 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. Finally, Wells Fargo & Company cut 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $54.93.

The Carlyle Group Trading Down 1.3 %

Shares of CG stock opened at $43.00 on Monday. The business’s 50 day moving average is $51.85 and its two-hundred day moving average is $49.12. The company has a market cap of $15.53 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 0.98 and a beta of 1.73. 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 12 month low of $36.65 and a 12 month high of $57.50.

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

The Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.40 annualized dividend and a dividend yield of 3.26%. The Carlyle Group’s payout ratio is 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.