The Carlyle Group Inc. (NASDAQ:CG) Shares Acquired by Alliancebernstein L.P.

Alliancebernstein L.P. raised its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 38.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 403,359 shares of the financial services provider's stock after acquiring an additional 112,185 shares during the quarter. Alliancebernstein L.P. owned approximately 0.11% of The Carlyle Group worth $20,366,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in shares of The Carlyle Group during the fourth quarter worth approximately $25,000. National Pension Service purchased a new position in The Carlyle Group during the 4th quarter worth $25,000. Valley National Advisers Inc. raised its holdings in shares of The Carlyle Group by 149.3% in the fourth quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider's stock valued at $27,000 after buying an additional 327 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of The Carlyle Group by 253.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider's stock worth $29,000 after buying an additional 405 shares during the period. Finally, Wilmington Savings Fund Society FSB increased its position in The Carlyle Group by 8,090.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 890 shares during the period. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

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The Carlyle Group Stock Down 1.1 %

Shares of NASDAQ CG traded down $0.40 during trading on Friday, reaching $36.23. 4,744,812 shares of the stock were exchanged, compared to its average volume of 2,519,243. The Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $57.50. 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 market capitalization of $13.09 billion, a price-to-earnings ratio of 13.03, a price-to-earnings-growth ratio of 0.98 and a beta of 1.72. The business's 50-day moving average price is $45.25 and its 200 day moving average price is $49.22.

The Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly earnings data 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 return on equity of 24.02% and a net margin of 18.81%. As a group, equities analysts forecast that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 annualized dividend and a yield of 3.86%. The Carlyle Group's payout ratio is 50.36%.

Analysts Set New Price Targets

A number of equities analysts have commented on CG shares. Wells Fargo & Company cut their price objective on shares of The Carlyle Group from $48.00 to $39.00 and set an "equal weight" rating for the company in a research report on Tuesday. Bank of America decreased their price target on The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating on the stock in a research note on Friday, April 4th. StockNews.com lowered shares of The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. JMP Securities dropped their price objective 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. Finally, 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 report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $51.06.

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.