D.A. Davidson & CO. Boosts Stake in The Carlyle Group Inc. (NASDAQ:CG)

D.A. Davidson & CO. lifted its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,072 shares of the financial services provider’s stock after buying an additional 750 shares during the quarter. D.A. Davidson & CO.’s holdings in The Carlyle Group were worth $1,417,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Truist Financial Corp raised its holdings in The Carlyle Group by 6.0% during the fourth quarter. Truist Financial Corp now owns 40,687 shares of the financial services provider’s stock worth $2,054,000 after purchasing an additional 2,316 shares during the last quarter. CIBC Asset Management Inc raised its holdings in The Carlyle Group by 10.6% during the fourth quarter. CIBC Asset Management Inc now owns 13,474 shares of the financial services provider’s stock worth $680,000 after purchasing an additional 1,291 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in The Carlyle Group by 6.7% during the fourth quarter. Sanctuary Advisors LLC now owns 35,600 shares of the financial services provider’s stock worth $1,797,000 after purchasing an additional 2,240 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new position in shares of The Carlyle Group in the fourth quarter worth $275,000. Finally, Principal Securities Inc. lifted its position in shares of The Carlyle Group by 54.5% in the fourth quarter. Principal Securities Inc. now owns 1,403 shares of the financial services provider’s stock valued at $71,000 after acquiring an additional 495 shares in the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

The Carlyle Group Stock Performance

The Carlyle Group stock opened at $49.86 on Friday. The stock’s 50-day moving average is $52.56 and its 200-day moving average is $48.57. The company has a market cap of $17.83 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 0.98 and a beta of 1.70. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32. 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 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%. Equities analysts anticipate that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.

The Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.81%. The Carlyle Group’s dividend payout ratio (DPR) is currently 50.36%.

Wall Street Analysts Forecast Growth

CG has been the topic of several recent research reports. Keefe, Bruyette & Woods upped their price objective on The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a research report on Friday, November 8th. Barclays reduced their price objective on 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. Oppenheimer upped their price objective on The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Wolfe Research upgraded 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. Finally, StockNews.com downgraded The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.