Proficio Capital Partners LLC Invests $3.17 Million in The Carlyle Group Inc. (NASDAQ:CG)

Proficio Capital Partners LLC acquired a new position in shares of The Carlyle Group Inc. (NASDAQ:CG) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 62,815 shares of the financial services provider’s stock, valued at approximately $3,172,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CG. FMR LLC raised its holdings in The Carlyle Group by 72.8% during the third quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock worth $174,469,000 after purchasing an additional 1,707,520 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in The Carlyle Group by 22.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,107,301 shares of the financial services provider’s stock worth $90,740,000 after purchasing an additional 391,553 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in The Carlyle Group by 68.1% during the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock worth $82,651,000 after purchasing an additional 777,304 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in The Carlyle Group by 2.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,206 shares of the financial services provider’s stock worth $60,508,000 after purchasing an additional 36,549 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in The Carlyle Group by 1.2% during the fourth quarter. Rhumbline Advisers now owns 605,842 shares of the financial services provider’s stock worth $30,589,000 after purchasing an additional 7,218 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

The Carlyle Group Trading Down 6.7 %

NASDAQ CG opened at $45.06 on Wednesday. The Carlyle Group Inc. has a twelve month low of $36.65 and a twelve month high of $57.50. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32. The stock has a market cap of $16.12 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 0.98 and a beta of 1.70. The firm’s 50 day moving average price is $52.27 and its two-hundred day moving average price is $49.05.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. Equities analysts anticipate that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date was Friday, February 21st. The Carlyle Group’s dividend payout ratio (DPR) is presently 50.36%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CG. Keefe, Bruyette & Woods boosted their target price on The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, November 8th. Evercore ISI upped their price target on The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a report on Wednesday, February 12th. Oppenheimer upped their price target on The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Wolfe Research raised The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a report on Friday, January 3rd. Finally, TD Cowen upped their price target on The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $54.93.

The Carlyle Group 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.