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

Zhang Financial LLC cut its position in The Carlyle Group Inc. (NASDAQ:CG) by 10.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,242 shares of the financial services provider’s stock after selling 1,681 shares during the quarter. Zhang Financial LLC’s holdings in The Carlyle Group were worth $579,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Xponance Inc. lifted its position in The Carlyle Group by 245.8% in the 4th quarter. Xponance Inc. now owns 26,338 shares of the financial services provider’s stock valued at $1,072,000 after acquiring an additional 18,722 shares in the last quarter. Federated Hermes Inc. bought a new position in The Carlyle Group in the 4th quarter valued at about $1,062,000. Daiwa Securities Group Inc. lifted its position in The Carlyle Group by 5.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 13,673 shares of the financial services provider’s stock valued at $556,000 after acquiring an additional 700 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in The Carlyle Group by 7.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 95,047 shares of the financial services provider’s stock valued at $3,867,000 after acquiring an additional 6,276 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in The Carlyle Group in the 4th quarter valued at about $2,474,000. Institutional investors own 55.88% of the company’s stock.

Insider Activity

In related news, major shareholder Carlyle Group Inc. acquired 190,000 shares of the company’s 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 acquisition, the insider now 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 the SEC website. Company insiders own 27.00% of the company’s stock.

The Carlyle Group Price Performance

CG opened at $44.08 on Friday. The company has a fifty day moving average price of $45.80 and a 200-day moving average price of $39.01. 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 Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.08. The firm had revenue of $896.40 million during 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 business’s revenue for the quarter was down 15.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.01 EPS. Sell-side analysts anticipate that The Carlyle Group Inc. will post 3.93 EPS for the current year.

The Carlyle Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders 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 dividend yield of 3.18%. The Carlyle Group’s dividend payout ratio (DPR) is currently -82.84%.

Wall Street Analyst Weigh In

CG has been the topic of several recent analyst reports. JMP Securities lifted their target price on shares of The Carlyle Group from $52.00 to $58.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 8th. Barclays lifted their target price on shares of The Carlyle Group from $55.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. JPMorgan Chase & Co. lifted their target price on shares of The Carlyle Group from $39.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. TD Cowen initiated coverage on shares of The Carlyle Group in a research report on Thursday, January 4th. They set a “market perform” rating and a $42.00 target price on the stock. Finally, TheStreet cut shares of The Carlyle Group from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.