Belpointe Asset Management LLC Purchases New Position in The Carlyle Group Inc. (NASDAQ:CG)

Belpointe Asset Management LLC acquired a new position in shares of The Carlyle Group Inc. (NASDAQ:CG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,230 shares of the financial services provider’s stock, valued at approximately $617,000.

A number of other large investors have also modified their holdings of the stock. Golden State Wealth Management LLC purchased a new position in The Carlyle Group in the 4th quarter worth approximately $25,000. National Pension Service purchased a new position in shares of The Carlyle Group in the fourth quarter valued at $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 purchasing an additional 327 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in 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 worth $29,000 after buying an additional 405 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its position in 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 buying an additional 890 shares during the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Oppenheimer cut The Carlyle Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Evercore ISI increased their target price on The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a research note on Wednesday, February 12th. Bank of America dropped their price target on shares of The Carlyle Group from $47.00 to $46.00 and set an “underperform” rating for the company in a research note on Friday, April 4th. Citigroup decreased their price objective on shares of The Carlyle Group from $55.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Finally, Wolfe Research raised shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a research report on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $50.71.

The Carlyle Group Stock Performance

CG stock opened at $36.97 on Wednesday. The Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $57.50. The stock has a market capitalization of $13.35 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 0.98 and a beta of 1.72. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32. The stock’s fifty day moving average is $44.61 and its two-hundred day moving average is $49.13.

The Carlyle Group (NASDAQ:CG) last posted 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 net margin of 18.81% and a return on equity of 24.02%. On average, research analysts predict that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group’s payout ratio is currently 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.