Westbourne Investment Advisors Inc. Invests $224,000 in The Carlyle Group Inc. (NASDAQ:CG)

Westbourne Investment Advisors Inc. bought a new position in shares of The Carlyle Group Inc. (NASDAQ:CG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,500 shares of the financial services provider’s stock, valued at approximately $224,000.

Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position in shares of The Carlyle Group by 3.6% in the 1st quarter. Bank of New York Mellon Corp now owns 586,876 shares of the financial services provider’s stock worth $28,704,000 after acquiring an additional 20,136 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of The Carlyle Group by 7.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,786 shares of the financial services provider’s stock valued at $381,000 after acquiring an additional 531 shares during the last quarter. Cetera Advisor Networks LLC purchased a new stake in The Carlyle Group in the first quarter worth $200,000. MetLife Investment Management LLC bought a new position in shares of The Carlyle Group in the first quarter worth $159,000. Finally, BlackRock Inc. boosted its stake in The Carlyle Group by 7.2% during the first quarter. BlackRock Inc. now owns 15,257,115 shares of the financial services provider’s stock valued at $746,227,000 after buying an additional 1,020,504 shares during the period. Institutional investors own 55.88% of the company’s stock.

The Carlyle Group Price Performance

Shares of The Carlyle Group stock traded up $0.32 during mid-day trading on Thursday, reaching $47.10. 591,196 shares of the stock were exchanged, compared to its average volume of 2,355,077. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.52. The company has a market cap of $17.06 billion, a price-to-earnings ratio of -27.68, a price-to-earnings-growth ratio of 1.03 and a beta of 1.80. The Carlyle Group Inc. has a fifty-two week low of $25.20 and a fifty-two week high of $48.52. The firm has a 50-day simple moving average of $44.05 and a 200 day simple moving average of $37.30.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.08. The company had revenue of $896.40 million for the quarter, compared to analyst estimates 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 company’s revenue for the quarter was down 15.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.01 EPS. On average, sell-side analysts predict that The Carlyle Group Inc. will post 3.88 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 23rd were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.40 dividend on an annualized basis and a yield of 2.97%. The Carlyle Group’s dividend payout ratio (DPR) is -82.84%.

Insider Buying and Selling

In other news, major shareholder Carlyle Group Inc. acquired 190,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was bought at an average price of $12.95 per share, with a total value of $2,460,500.00. Following the completion of the purchase, the insider now directly owns 1,066,189 shares of the company’s stock, valued at approximately $13,807,147.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 27.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CG has been the topic of a number of research analyst reports. Barclays boosted their price target on The Carlyle Group from $53.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. TheStreet downgraded shares of The Carlyle Group from a “b-” rating to a “c” rating in a report on Wednesday, February 7th. JPMorgan Chase & Co. increased their price target on shares of The Carlyle Group from $39.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Citigroup raised their target price on shares of The Carlyle Group from $41.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Finally, Evercore ISI downgraded shares of The Carlyle Group from an “outperform” rating to an “in-line” rating and set a $32.00 target price for the company. in a research note on Wednesday, November 29th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $41.93.

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.