DnB Asset Management AS Has $16.02 Million Holdings in The Carlyle Group Inc. (NASDAQ:CG)

DnB Asset Management AS raised its holdings in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 104.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 317,323 shares of the financial services provider's stock after buying an additional 162,147 shares during the period. DnB Asset Management AS owned about 0.09% of The Carlyle Group worth $16,022,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in The Carlyle Group by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 23,161,423 shares of the financial services provider's stock valued at $1,169,420,000 after acquiring an additional 180,757 shares during the period. William Blair Investment Management LLC increased its stake in shares of The Carlyle Group by 15.5% during 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 during the period. Boston Partners boosted its stake in The Carlyle Group by 7.1% in the 4th 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 during the period. FMR LLC grew its holdings in The Carlyle Group by 72.8% in the 3rd quarter. FMR LLC now owns 4,051,757 shares of the financial services provider's stock valued at $174,469,000 after buying an additional 1,707,520 shares in the last quarter. Finally, Amundi lifted its holdings in shares of The Carlyle Group by 33.6% during the fourth quarter. Amundi now owns 2,364,231 shares of the financial services provider's stock worth $123,673,000 after buying an additional 594,661 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors.

Remove Ads

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Barclays lowered their price target on shares of The Carlyle Group from $60.00 to $55.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 12th. Oppenheimer downgraded shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Evercore ISI raised their price objective 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. Wells Fargo & Company cut their target price on The Carlyle Group from $54.00 to $48.00 and set an "equal weight" rating for the company in a research report on Thursday, March 20th. Finally, StockNews.com cut The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, The Carlyle Group currently has an average rating of "Hold" and an average target price of $54.53.

The Carlyle Group Price Performance

Shares of NASDAQ:CG traded up $1.99 during trading on Wednesday, hitting $46.26. 1,035,536 shares of the company were exchanged, compared to its average volume of 2,374,980. The Carlyle Group Inc. has a 1-year low of $36.65 and a 1-year high of $57.50. The company has a market capitalization of $16.71 billion, a P/E ratio of 16.64, a price-to-earnings-growth ratio of 0.98 and a beta of 1.73. 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 business's 50 day moving average is $48.80 and its 200-day moving average is $49.64.

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 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%. Equities analysts forecast that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.

The Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group's payout ratio is currently 50.36%.

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.