Resona Asset Management Co. Ltd. bought a new position in The Carlyle Group Inc. (NASDAQ:CG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 64,162 shares of the financial services provider's stock, valued at approximately $3,242,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in shares of The Carlyle Group during the 4th quarter worth $25,000. National Pension Service bought a new position in shares of The Carlyle Group in the fourth quarter worth about $25,000. Valley National Advisers Inc. lifted its position in shares of The Carlyle Group by 149.3% during the 4th quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider's stock worth $27,000 after purchasing an additional 327 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in The Carlyle Group by 253.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider's stock valued at $29,000 after buying an additional 405 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its holdings in shares of The Carlyle Group by 8,090.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider's stock worth $45,000 after buying an additional 890 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on CG. StockNews.com lowered shares of The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Barclays reduced their target price on shares of The Carlyle Group from $55.00 to $43.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. Citigroup cut their price target on The Carlyle Group from $55.00 to $39.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Morgan Stanley decreased their price objective on The Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating on the stock in a report on Monday. Finally, Wells Fargo & Company reduced their target price on The Carlyle Group from $48.00 to $39.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, The Carlyle Group presently has an average rating of "Hold" and an average price target of $50.71.
View Our Latest Stock Analysis on The Carlyle Group
The Carlyle Group Price Performance
NASDAQ:CG traded up $0.64 during mid-day trading on Tuesday, reaching $37.23. 794,412 shares of the company were exchanged, compared to its average volume of 2,523,524. The Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $57.50. The stock has a market cap of $13.45 billion, a PE ratio of 13.36, a PEG ratio of 0.98 and a beta of 1.72. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42. The company has a fifty day moving average of $44.93 and a 200 day moving average of $49.22.
The Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. On average, research analysts anticipate that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.
The Carlyle Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a dividend of $0.35 per share. The ex-dividend date was Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.76%. The Carlyle Group's dividend payout ratio (DPR) is presently 50.36%.
The Carlyle Group Company Profile
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Free Report)
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.
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