Hennion & Walsh Asset Management Inc. Has $1.62 Million Stake in The Carlyle Group Inc. (NASDAQ:CG)

Hennion & Walsh Asset Management Inc. grew its stake in The Carlyle Group Inc. (NASDAQ:CG) by 28.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,588 shares of the financial services provider’s stock after acquiring an additional 7,651 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in The Carlyle Group were worth $1,623,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on CG. Barclays cut 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 research report on Thursday, May 2nd. Oppenheimer decreased their price objective on The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, May 2nd. The Goldman Sachs Group cut their target price on The Carlyle Group from $54.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. UBS Group lifted their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, April 12th. 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 analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, The Carlyle Group presently has an average rating of “Hold” and an average price target of $45.60.

The Carlyle Group Price Performance

CG opened at $40.15 on Friday. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 1.53. The Carlyle Group Inc. has a 12-month low of $27.13 and a 12-month high of $48.52. The business has a 50 day moving average of $42.25 and a 200-day moving average of $42.98.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.92 by $0.09. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $986.10 million. During the same period in the previous year, the company earned $0.63 earnings per share. The company’s quarterly revenue was up 35.6% on a year-over-year basis. As a group, research analysts predict that The Carlyle Group Inc. will post 3.9 earnings per share for the current year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, May 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.49%. The Carlyle Group’s dividend payout ratio (DPR) is currently -78.21%.

Insider Buying and Selling

In related news, major shareholder Carlyle Group Inc. sold 127,981 shares of the firm’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 of the company’s stock, valued at $438,756,883.95. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 514,288 shares of company stock valued at $18,383,593. Insiders own 27.20% of the company’s stock.

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.