Mirador Capital Partners LP Invests $219,000 in The Carlyle Group Inc. (NASDAQ:CG)

Mirador Capital Partners LP bought a new stake in The Carlyle Group Inc. (NASDAQ:CG) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,666 shares of the financial services provider’s stock, valued at approximately $219,000.

Several other institutional investors and hedge funds have also bought and sold shares of CG. CVA Family Office LLC purchased a new position in The Carlyle Group during the 4th quarter worth $35,000. GAMMA Investing LLC acquired a new position in shares of The Carlyle Group during the fourth quarter valued at about $38,000. Compass Wealth Management LLC purchased a new position in shares of The Carlyle Group in the 1st quarter valued at approximately $57,000. Gold Investment Management Ltd. purchased a new stake in The Carlyle Group during the 4th quarter worth approximately $56,000. Finally, Western Pacific Wealth Management LP increased its stake in The Carlyle Group by 22.4% during the 4th quarter. Western Pacific Wealth Management LP now owns 2,134 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 391 shares in the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

The Carlyle Group Trading Down 1.4 %

Shares of NASDAQ:CG opened at $39.58 on Tuesday. The firm has a market capitalization of $14.24 billion, a price-to-earnings ratio of -22.11, a price-to-earnings-growth ratio of 1.13 and a beta of 1.75. The business’s 50 day moving average price is $42.14 and its 200-day moving average price is $42.99. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.53 and a quick ratio of 2.53. The Carlyle Group Inc. has a 1 year low of $27.13 and a 1 year high of $48.52.

The Carlyle Group (NASDAQ:CG) last announced its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.09. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $986.10 million. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The company’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.63 earnings per share. On average, equities research analysts forecast that The Carlyle Group Inc. will post 3.9 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th were given a $0.35 dividend. The ex-dividend date of this dividend was Monday, May 13th. This represents a $1.40 annualized dividend and a dividend yield of 3.54%. The Carlyle Group’s dividend payout ratio (DPR) is presently -78.21%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CG. TD Cowen dropped their price objective on shares of The Carlyle Group from $49.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday, May 2nd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $48.00 target price (down previously from $50.00) on shares of The Carlyle Group in a report on Thursday, May 2nd. UBS Group increased their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Barclays dropped their price objective on shares of The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Finally, Jefferies Financial Group reduced their target price on shares of The Carlyle Group from $49.00 to $44.00 and set a “hold” rating for the company in a report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $45.60.

Insider Buying and Selling

In related news, major shareholder Carlyle Group Inc. sold 127,981 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $36.19, for a total transaction of $4,631,632.39. Following the transaction, the insider now directly owns 12,123,705 shares in the company, valued at $438,756,883.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 564,225 shares of company stock worth $20,034,011. 27.20% of the stock is owned by corporate insiders.

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.