Norges Bank Purchases New Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Norges Bank purchased a new position in The Carlyle Group Inc. (NASDAQ:CG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 882,006 shares of the financial services provider's stock, valued at approximately $44,532,000. Norges Bank owned approximately 0.25% of The Carlyle Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. William Blair Investment Management LLC lifted its stake in shares of The Carlyle Group by 15.5% in the fourth quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider's stock worth $668,990,000 after buying an additional 1,773,465 shares in the last quarter. Raymond James Financial Inc. bought a new position in The Carlyle Group in the 4th quarter valued at approximately $83,784,000. JPMorgan Chase & Co. increased its holdings in shares of The Carlyle Group by 68.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider's stock worth $82,651,000 after purchasing an additional 777,304 shares in the last quarter. Amundi raised its stake in shares of The Carlyle Group by 33.6% in the fourth quarter. Amundi now owns 2,364,231 shares of the financial services provider's stock worth $123,673,000 after purchasing an additional 594,661 shares during the last quarter. Finally, Boston Partners lifted its holdings in shares of The Carlyle Group by 7.1% during the fourth quarter. Boston Partners now owns 7,102,085 shares of the financial services provider's stock valued at $358,687,000 after purchasing an additional 467,767 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company's stock.

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The Carlyle Group Price Performance

Shares of The Carlyle Group stock traded up $4.14 on Wednesday, hitting $39.56. 10,601,315 shares of the company traded hands, compared to its average volume of 2,495,906. The stock has a market capitalization of $14.29 billion, a P/E ratio of 14.23, a price-to-earnings-growth ratio of 0.98 and a beta of 1.72. The business has a 50-day simple moving average of $45.92 and a 200 day simple moving average of $49.31. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32. The Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $57.50.

The Carlyle Group (NASDAQ:CG - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share 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%. Research analysts expect that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.54%. The Carlyle Group's payout ratio is currently 50.36%.

Analyst Ratings Changes

CG has been the topic of several research analyst reports. TD Cowen lowered their target price on shares of The Carlyle Group from $54.00 to $37.00 and set a "hold" rating on the stock in a research note on Wednesday. Bank of America dropped their target price on shares of The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating on the stock in a report on Friday, April 4th. JMP Securities decreased their target price on shares of The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating for the company in a research note on Tuesday. Evercore ISI raised their price target on The Carlyle Group from $51.00 to $52.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 12th. Finally, Barclays reduced their price objective on The Carlyle Group from $55.00 to $43.00 and set an "overweight" rating for the company in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, The Carlyle Group presently has an average rating of "Hold" and an average price target of $51.06.

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.