Arkadios Wealth Advisors Acquires Shares of 20,146 The Carlyle Group Inc. (NASDAQ:CG)

Arkadios Wealth Advisors purchased a new stake in shares of The Carlyle Group Inc. (NASDAQ:CG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,146 shares of the financial services provider’s stock, valued at approximately $1,017,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Westbourne Investment Advisors Inc. grew its stake in shares of The Carlyle Group by 3.6% during the 3rd quarter. Westbourne Investment Advisors Inc. now owns 5,700 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 200 shares during the period. Bleakley Financial Group LLC grew its position in shares of The Carlyle Group by 0.5% during the third quarter. Bleakley Financial Group LLC now owns 41,742 shares of the financial services provider’s stock valued at $1,797,000 after purchasing an additional 208 shares in the last quarter. Tobam increased its stake in The Carlyle Group by 32.8% in the 3rd quarter. Tobam now owns 890 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 220 shares during the last quarter. Western Pacific Wealth Management LP lifted 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 during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its stake in shares of The Carlyle Group by 0.5% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 61,684 shares of the financial services provider’s stock valued at $2,484,000 after purchasing an additional 318 shares during the last quarter. 55.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. StockNews.com cut The Carlyle Group from a “hold” rating to a “sell” rating in a report on Sunday, December 8th. UBS Group boosted their price target on The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Oppenheimer lifted their price target on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. JPMorgan Chase & Co. increased their price objective on shares of The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, JMP Securities restated a “market outperform” rating and issued a $60.00 price objective on shares of The Carlyle Group in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $54.44.

The Carlyle Group Stock Up 1.8 %

Shares of NASDAQ CG opened at $55.24 on Monday. The Carlyle Group Inc. has a 1 year low of $36.65 and a 1 year high of $55.65. The company has a market capitalization of $19.76 billion, a P/E ratio of 190.48, a P/E/G ratio of 1.05 and a beta of 1.69. The company has a 50 day simple moving average of $52.02 and a 200-day simple moving average of $46.98. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.08. The firm had revenue of $895.00 million during the quarter, compared to the consensus estimate of $908.17 million. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.87 EPS. On average, equities research analysts predict that The Carlyle Group Inc. will post 3.8 earnings per share for the current year.

The Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.40 annualized dividend and a dividend yield of 2.53%. The Carlyle Group’s dividend payout ratio (DPR) is currently 482.76%.

Insider Activity

In related news, Director Daniel A. D’aniello sold 495,542 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total value of $25,535,279.26. Following the completion of the sale, the director now owns 32,504,102 shares in the company, valued at $1,674,936,376.06. This represents a 1.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 27.20% of the company’s stock.

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.