Herbst Group LLC Raises Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Herbst Group LLC grew its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 4.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 41,475 shares of the financial services provider’s stock after buying an additional 1,950 shares during the period. Herbst Group LLC’s holdings in The Carlyle Group were worth $2,094,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. HB Wealth Management LLC increased its position in The Carlyle Group by 37.2% during the 4th quarter. HB Wealth Management LLC now owns 11,380 shares of the financial services provider’s stock valued at $575,000 after buying an additional 3,088 shares in the last quarter. Arkadios Wealth Advisors bought a new position in shares of The Carlyle Group during the fourth quarter valued at $1,017,000. Retirement Wealth Solutions LLC purchased a new position in shares of The Carlyle Group in the 4th quarter worth about $57,000. Avanza Fonder AB purchased a new stake in The Carlyle Group during the 4th quarter valued at about $827,000. Finally, Mirador Capital Partners LP bought a new stake in The Carlyle Group during the 4th quarter valued at about $235,000. 55.88% of the stock is currently owned by institutional investors.

Insider Activity at The Carlyle Group

In related news, Director Daniel A. D’aniello sold 495,542 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the sale, the director now owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. This represents a 1.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 27.20% of the stock is currently owned by corporate insiders.

The Carlyle Group Price Performance

NASDAQ CG opened at $55.24 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The business’s fifty day moving average is $52.02 and its 200 day moving average is $46.94. The company has a market capitalization of $19.76 billion, a PE ratio of 190.48, a price-to-earnings-growth ratio of 1.05 and a beta of 1.69. The Carlyle Group Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $55.65.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.08. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The company had revenue of $895.00 million during the quarter, compared to analyst estimates of $908.17 million. During the same period in the prior year, the firm posted $0.87 EPS. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. Sell-side analysts predict that The Carlyle Group Inc. will post 3.8 earnings per share for the current year.

The Carlyle Group Announces Dividend

The business 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. This represents a $1.40 annualized dividend and a dividend yield of 2.53%. The ex-dividend date was Monday, November 18th. The Carlyle Group’s payout ratio is currently 482.76%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. JMP Securities reiterated a “market outperform” rating and set a $60.00 price target on shares of The Carlyle Group in a report on Wednesday, October 9th. StockNews.com lowered The Carlyle Group from a “hold” rating to a “sell” rating in a report on Sunday, December 8th. Morgan Stanley increased their price objective on The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Wells Fargo & Company boosted their target price on The Carlyle Group from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, Barclays raised their price target on shares of The Carlyle Group from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $54.44.

About The Carlyle Group

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.