APG Asset Management N.V. Makes New $6.95 Million Investment in The Carlyle Group Inc. (NASDAQ:CG)

APG Asset Management N.V. bought a new stake in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 142,600 shares of the financial services provider's stock, valued at approximately $6,953,000.

Other large investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its position in shares of The Carlyle Group by 201.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,351,432 shares of the financial services provider's stock valued at $320,684,000 after purchasing an additional 4,244,131 shares in the last quarter. William Blair Investment Management LLC increased 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 purchasing an additional 1,773,465 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of The Carlyle Group during the 4th quarter valued at approximately $83,784,000. Norges Bank bought a new stake in The Carlyle Group during the 4th quarter valued at $44,532,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of The Carlyle Group by 68.1% in the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider's stock worth $82,651,000 after acquiring an additional 777,304 shares during the period. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CG has been the topic of several analyst reports. TD Cowen decreased their price target on The Carlyle Group from $54.00 to $37.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley lowered their price target on The Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating on the stock in a report on Monday. Bank of America decreased their price objective on shares of The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating on the stock in a research report on Friday, April 4th. Oppenheimer lowered shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Finally, Evercore ISI increased their target price on The Carlyle Group from $51.00 to $52.00 and gave the company an "in-line" rating in a research note on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $50.71.

Remove Ads

The Carlyle Group Stock Up 1.0 %

CG stock traded up $0.38 during trading on Tuesday, hitting $36.97. 4,926,959 shares of the stock traded hands, compared to its average volume of 2,543,788. The stock has a market cap of $13.35 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 0.98 and a beta of 1.72. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32. The firm's 50 day moving average is $44.93 and its two-hundred day moving average is $49.22. The Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $57.50.

The Carlyle Group (NASDAQ:CG - Get Free Report) last posted its earnings results on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing analysts' consensus estimates of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. On average, sell-side analysts anticipate that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a dividend of $0.35 per share. The ex-dividend date was Friday, February 21st. This represents a $1.40 annualized dividend and a dividend yield of 3.79%. The Carlyle Group's payout ratio is 50.36%.

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.