BI Asset Management Fondsmaeglerselskab A S Acquires 27,048 Shares of The Carlyle Group Inc. (NASDAQ:CG)

BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 274.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,888 shares of the financial services provider's stock after buying an additional 27,048 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in The Carlyle Group were worth $1,862,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Tidal Investments LLC bought a new stake in The Carlyle Group during the 3rd quarter valued at approximately $212,000. Franklin Resources Inc. boosted its position in shares of The Carlyle Group by 145.6% during the third quarter. Franklin Resources Inc. now owns 28,210 shares of the financial services provider's stock valued at $1,215,000 after purchasing an additional 16,723 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in The Carlyle Group by 4.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 12,864 shares of the financial services provider's stock worth $559,000 after purchasing an additional 495 shares in the last quarter. JPMorgan Chase & Co. lifted its position in The Carlyle Group by 68.1% during the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider's stock valued at $82,651,000 after buying an additional 777,304 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of The Carlyle Group by 10.3% in the 4th quarter. GAMMA Investing LLC now owns 5,463 shares of the financial services provider's stock worth $276,000 after buying an additional 509 shares during the period. Institutional investors own 55.88% of the company's stock.

The Carlyle Group Price Performance

Shares of CG stock traded up $0.24 on Friday, reaching $39.03. The company's stock had a trading volume of 1,652,763 shares, compared to its average volume of 2,596,412. The stock's fifty day simple moving average is $42.22 and its 200-day simple moving average is $48.63. The Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $57.50. The company has a market capitalization of $14.10 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 0.98 and a beta of 1.72. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.42.

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

The Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given 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 yield of 3.59%. The Carlyle Group's dividend payout ratio is presently 50.36%.

Analysts Set New Price Targets

Several equities research analysts recently commented on CG shares. Morgan Stanley dropped their price objective on shares of The Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. JMP Securities cut their price target on The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Wolfe Research raised The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 target price on the stock in a report on Friday, January 3rd. Barclays reduced their price target on The Carlyle Group from $55.00 to $43.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Finally, Evercore ISI boosted their price objective on shares of The Carlyle Group from $51.00 to $52.00 and gave the stock an "in-line" rating in a report on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $50.71.

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.