Zhang Financial LLC Has $579,000 Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Zhang Financial LLC decreased its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 10.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 14,242 shares of the financial services provider’s stock after selling 1,681 shares during the period. Zhang Financial LLC’s holdings in The Carlyle Group were worth $579,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. New York State Teachers Retirement System acquired a new position in shares of The Carlyle Group during the 4th quarter valued at about $1,349,000. Mutual of America Capital Management LLC acquired a new stake in The Carlyle Group in the 4th quarter valued at approximately $5,410,000. SG Americas Securities LLC grew its holdings in The Carlyle Group by 347.1% in the 4th quarter. SG Americas Securities LLC now owns 111,957 shares of the financial services provider’s stock valued at $4,556,000 after buying an additional 86,914 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in The Carlyle Group in the 4th quarter valued at approximately $1,324,000. Finally, HighTower Advisors LLC grew its holdings in The Carlyle Group by 13.8% in the 3rd quarter. HighTower Advisors LLC now owns 37,377 shares of the financial services provider’s stock valued at $1,121,000 after buying an additional 4,534 shares during the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Stock Performance

The Carlyle Group stock opened at $44.08 on Friday. 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 Carlyle Group Inc. has a one year low of $25.20 and a one year high of $48.52. The business has a 50 day simple moving average of $45.80 and a 200 day simple moving average of $39.01.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.08. The Carlyle Group had a positive return on equity of 19.74% and a negative net margin of 20.53%. The firm had revenue of $896.40 million during the quarter, compared to analysts’ expectations of $860.68 million. During the same period last year, the firm posted $1.01 EPS. The business’s revenue was down 15.4% on a year-over-year basis. Research analysts anticipate that The Carlyle Group Inc. will post 3.93 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 23rd were paid a $0.35 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.40 annualized dividend and a dividend yield of 3.18%. The Carlyle Group’s dividend payout ratio (DPR) is currently -82.84%.

Insider Activity

In other news, major shareholder Carlyle Group Inc. bought 190,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was bought at an average cost of $12.95 per share, with a total value of $2,460,500.00. Following the purchase, the insider now owns 1,066,189 shares of the company’s stock, valued at $13,807,147.55. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 27.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on CG shares. TheStreet lowered The Carlyle Group from a “b-” rating to a “c” rating in a report on Wednesday, February 7th. Citigroup raised their target price on The Carlyle Group from $41.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. UBS Group raised their target price on The Carlyle Group from $46.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, April 12th. TD Cowen started coverage on The Carlyle Group in a research report on Thursday, January 4th. They issued a “market perform” rating and a $42.00 price objective for the company. Finally, Barclays raised their price objective on The Carlyle Group from $55.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $43.07.

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.