Bank Julius Baer & Co. Ltd Zurich Acquires 3,436 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Bank Julius Baer & Co. Ltd Zurich increased its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 22.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 18,620 shares of the financial services provider’s stock after buying an additional 3,436 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in The Carlyle Group were worth $758,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. CVA Family Office LLC bought a new stake in shares of The Carlyle Group during the 4th quarter valued at about $35,000. GAMMA Investing LLC bought a new stake in shares of The Carlyle Group during the 4th quarter valued at about $38,000. Clear Street Markets LLC bought a new stake in shares of The Carlyle Group during the 3rd quarter valued at about $50,000. Ramirez Asset Management Inc. bought a new stake in shares of The Carlyle Group during the 3rd quarter valued at about $84,000. Finally, Banque Cantonale Vaudoise grew its stake in shares of The Carlyle Group by 25.8% during the 3rd quarter. Banque Cantonale Vaudoise now owns 2,893 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 593 shares during the period. 55.88% of the stock is currently owned by institutional investors.

The Carlyle Group Price Performance

Shares of CG opened at $46.11 on Friday. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.27 and a quick ratio of 2.27. The Carlyle Group Inc. has a 12 month low of $25.20 and a 12 month high of $48.52. The stock’s 50 day moving average is $45.94 and its two-hundred day moving average is $39.64.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate 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 company had revenue of $896.40 million for the quarter, compared to analyst estimates of $860.68 million. During the same period last year, the company earned $1.01 earnings per share. The Carlyle Group’s quarterly revenue was down 15.4% compared to the same quarter last year. As a group, sell-side analysts expect that The Carlyle Group Inc. will post 3.97 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently disclosed 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 of this dividend was Thursday, February 22nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.04%. The Carlyle Group’s payout ratio is presently -82.84%.

Insider Activity

In related news, major shareholder Carlyle Group Inc. purchased 190,000 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were bought at an average price of $12.95 per share, for a total transaction of $2,460,500.00. Following the acquisition, the insider now directly owns 1,066,189 shares in the company, valued at $13,807,147.55. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 27.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CG shares. UBS Group lifted their price objective on The Carlyle Group from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. JPMorgan Chase & Co. lifted their price objective on The Carlyle Group from $39.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. TD Cowen began coverage on The Carlyle Group in a report on Thursday, January 4th. They set a “market perform” rating and a $42.00 price objective on the stock. Barclays upped their price objective on The Carlyle Group from $55.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Finally, Citigroup upped their price objective on The Carlyle Group from $41.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. One 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $43.07.

The Carlyle Group Company 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.