SlateStone Wealth LLC Acquires Shares of 7,029 The Carlyle Group Inc. (NASDAQ:CG)

SlateStone Wealth LLC acquired a new stake in shares of The Carlyle Group Inc. (NASDAQ:CG) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 7,029 shares of the financial services provider’s stock, valued at approximately $286,000.

Several other large investors have also bought and sold shares of the company. AdvisorNet Financial Inc lifted its holdings in shares of The Carlyle Group by 125.5% during the third quarter. AdvisorNet Financial Inc now owns 814 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 453 shares during the last quarter. CVA Family Office LLC purchased a new position in shares of The Carlyle Group during the fourth quarter valued at approximately $35,000. Clear Street Markets LLC purchased a new position in shares of The Carlyle Group during the third quarter valued at approximately $50,000. Fifth Third Bancorp lifted its holdings in shares of The Carlyle Group by 25.6% during the fourth quarter. Fifth Third Bancorp now owns 2,191 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 446 shares during the last quarter. Finally, Ramirez Asset Management Inc. purchased a new position in shares of The Carlyle Group during the third quarter valued at approximately $84,000. 55.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CG has been the subject of a number of recent analyst reports. Barclays boosted their price objective on shares of The Carlyle Group from $55.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. TheStreet lowered shares of The Carlyle Group from a “b-” rating to a “c” rating in a report on Wednesday, February 7th. Citigroup boosted their price objective on shares of The Carlyle Group from $41.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. JPMorgan Chase & Co. boosted their price objective on shares of The Carlyle Group from $39.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Finally, UBS Group boosted their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $43.07.

Insider Buying and Selling

In related news, major shareholder Carlyle Group Inc. purchased 190,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were acquired at an average price of $12.95 per share, for a total transaction of $2,460,500.00. Following the purchase, the insider now directly owns 1,066,189 shares in the company, valued at $13,807,147.55. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 27.00% of the stock is currently owned by insiders.

The Carlyle Group Stock Performance

Shares of CG stock traded up $1.34 during mid-day trading on Tuesday, reaching $46.54. 642,070 shares of the company’s stock traded hands, compared to its average volume of 2,283,498. The Carlyle Group Inc. has a 12 month low of $25.20 and a 12 month high of $48.52. The firm has a 50 day moving average price of $45.79 and a two-hundred day moving average price of $39.25. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.27 and a current ratio of 2.27. The firm has a market capitalization of $16.85 billion, a PE ratio of -26.75, a price-to-earnings-growth ratio of 0.94 and a beta of 1.79.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.08. The company had revenue of $896.40 million during the quarter, compared to the consensus estimate of $860.68 million. The Carlyle Group had a negative net margin of 20.53% and a positive return on equity of 19.74%. The Carlyle Group’s quarterly revenue was down 15.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.01 EPS. On average, research analysts forecast that The Carlyle Group Inc. will post 3.93 EPS for the current year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 23rd were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend was Thursday, February 22nd. The Carlyle Group’s dividend payout ratio is currently -82.84%.

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.