GAMMA Investing LLC Purchases 801 Shares of Carlyle Group Inc. (NASDAQ:CG)

GAMMA Investing LLC grew its position in shares of Carlyle Group Inc. (NASDAQ:CG) by 14.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,264 shares of the financial services provider’s stock after purchasing an additional 801 shares during the period. GAMMA Investing LLC’s holdings in Carlyle Group were worth $273,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Whipplewood Advisors LLC raised its position in Carlyle Group by 5,100.0% in the 1st quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 561 shares during the period. Main Street Group LTD purchased a new position in shares of Carlyle Group in the fourth quarter worth about $29,000. LRI Investments LLC bought a new stake in shares of Carlyle Group in the 4th quarter valued at about $32,000. Farther Finance Advisors LLC boosted its holdings in Carlyle Group by 117.2% during the 1st quarter. Farther Finance Advisors LLC now owns 973 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 525 shares during the period. Finally, Oarsman Capital Inc. increased its stake in Carlyle Group by 198.4% in the 4th quarter. Oarsman Capital Inc. now owns 916 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 609 shares during the period. Institutional investors own 55.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CG. Oppenheimer cut shares of Carlyle Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. Barclays raised their price target on shares of Carlyle Group from $43.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. TD Cowen raised shares of Carlyle Group from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Wednesday, May 14th. Keefe, Bruyette & Woods raised their target price on Carlyle Group from $43.00 to $45.00 and gave the stock a “market perform” rating in a research note on Monday, May 12th. Finally, Cowen raised Carlyle Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $53.00.

Carlyle Group Price Performance

Carlyle Group stock opened at $54.45 on Thursday. The stock has a market cap of $19.66 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 1.14 and a beta of 1.86. The firm has a 50-day moving average of $45.35 and a two-hundred day moving average of $46.72. Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $57.50. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.36 and a quick ratio of 2.36.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Friday, May 9th. The financial services provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.17. The firm had revenue of $973.10 million during the quarter, compared to the consensus estimate of $972.27 million. Carlyle Group had a return on equity of 23.78% and a net margin of 19.00%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.01 earnings per share. On average, research analysts forecast that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.57%. The ex-dividend date was Monday, May 19th. Carlyle Group’s payout ratio is 47.46%.

About 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.