Charles Schwab Investment Management Inc. Has $71 Million Stake in The Carlyle Group Inc. (NASDAQ:CG)

Charles Schwab Investment Management Inc. raised its holdings in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 1.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,406,201 shares of the financial services provider's stock after buying an additional 14,024 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.39% of The Carlyle Group worth $70,999,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC grew its holdings in shares of The Carlyle Group by 72.8% during the 3rd quarter. FMR LLC now owns 4,051,757 shares of the financial services provider's stock worth $174,469,000 after purchasing an additional 1,707,520 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of The Carlyle Group by 68.1% during 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. Massachusetts Financial Services Co. MA grew its holdings in shares of The Carlyle Group by 22.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,107,301 shares of the financial services provider's stock worth $90,740,000 after purchasing an additional 391,553 shares in the last quarter. Franklin Street Advisors Inc. NC acquired a new stake in shares of The Carlyle Group during the 4th quarter worth approximately $17,671,000. Finally, Phase 2 Partners LLC acquired a new stake in shares of The Carlyle Group during the 3rd quarter worth approximately $7,402,000. Institutional investors and hedge funds own 55.88% of the company's stock.

The Carlyle Group Trading Up 2.6 %

Shares of CG stock opened at $41.07 on Wednesday. The stock's fifty day moving average price is $51.45 and its two-hundred day moving average price is $49.13. The company has a market cap of $14.83 billion, a PE ratio of 14.77, a P/E/G ratio of 0.98 and a beta of 1.73. The Carlyle Group Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $57.50. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32.

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The Carlyle Group (NASDAQ:CG - Get Free Report) last announced its quarterly 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 net margin of 18.81% and a return on equity of 24.02%. Equities analysts predict that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 dividend on an annualized basis and a yield of 3.41%. The Carlyle Group's payout ratio is currently 50.36%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CG shares. StockNews.com downgraded The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Wells Fargo & Company cut their price objective on The Carlyle Group from $56.00 to $54.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. Barclays cut their price objective on The Carlyle Group from $60.00 to $55.00 and set an "overweight" rating for the company in a research report on Wednesday, February 12th. Evercore ISI lifted their price objective on The Carlyle Group from $51.00 to $52.00 and gave the company an "in-line" rating in a research report on Wednesday, February 12th. Finally, Wolfe Research upgraded The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 price objective for the company in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $54.93.

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.

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