Augustine Asset Management Inc. trimmed its stake in The Carlyle Group LP (NASDAQ:CG) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 72,923 shares of the financial services provider’s stock after selling 2,749 shares during the period. Augustine Asset Management Inc. owned about 0.07% of The Carlyle Group worth $1,148,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Belpointe Asset Management LLC bought a new stake in shares of The Carlyle Group during the third quarter worth $101,000. Westbourne Investment Advisors Inc. bought a new stake in shares of The Carlyle Group during the third quarter worth $113,000. North Star Investment Management Corp. grew its holdings in shares of The Carlyle Group by 80.9% during the fourth quarter. North Star Investment Management Corp. now owns 12,300 shares of the financial services provider’s stock worth $194,000 after purchasing an additional 5,500 shares during the last quarter. Cornerstone Wealth Management LLC bought a new stake in shares of The Carlyle Group during the third quarter worth $200,000. Finally, Pennsylvania Trust Co grew its holdings in shares of The Carlyle Group by 10.6% during the fourth quarter. Pennsylvania Trust Co now owns 13,145 shares of the financial services provider’s stock worth $207,000 after purchasing an additional 1,260 shares during the last quarter. Hedge funds and other institutional investors own 42.10% of the company’s stock.
NASDAQ:CG opened at $18.82 on Thursday. The Carlyle Group LP has a 1-year low of $15.09 and a 1-year high of $25.25. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 2.35. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 7.16 and a beta of 1.69.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 26th. Investors of record on Tuesday, February 19th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, February 15th. This is an increase from The Carlyle Group’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 9.14%. The Carlyle Group’s dividend payout ratio (DPR) is presently 63.88%.
CG has been the topic of several research reports. Zacks Investment Research lowered The Carlyle Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 8th. ValuEngine raised The Carlyle Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 1st. BidaskClub lowered The Carlyle Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 4th. Oppenheimer set a $34.00 price target on The Carlyle Group and gave the company a “buy” rating in a research note on Wednesday, October 31st. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $7.50 price target on shares of The Carlyle Group in a research note on Wednesday, November 28th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The Carlyle Group currently has a consensus rating of “Buy” and an average target price of $24.04.
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The Carlyle Group Company Profile
The Carlyle Group L.P. 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.
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