Intech Investment Management LLC Boosts Stake in The Carlyle Group Inc. (NASDAQ:CG)

Intech Investment Management LLC lifted its stake in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 123.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,818 shares of the financial services provider's stock after purchasing an additional 7,070 shares during the period. Intech Investment Management LLC's holdings in The Carlyle Group were worth $647,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. William Blair Investment Management LLC increased its position in 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 buying an additional 1,773,465 shares during the last quarter. FMR LLC raised its position in shares of The Carlyle Group by 72.8% in the third 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. Amundi lifted its holdings in shares of The Carlyle Group by 33.6% during the 4th quarter. Amundi now owns 2,364,231 shares of the financial services provider's stock worth $123,673,000 after acquiring an additional 594,661 shares during the period. Massachusetts Financial Services Co. MA raised its stake in The Carlyle Group by 22.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,107,301 shares of the financial services provider's stock worth $90,740,000 after acquiring an additional 391,553 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted 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 valued at $82,651,000 after acquiring an additional 777,304 shares in the last quarter. 55.88% of the stock is owned by institutional investors.

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The Carlyle Group Stock Down 2.2 %

CG traded down $1.03 during trading on Thursday, hitting $45.09. 2,932,214 shares of the company's stock were exchanged, compared to its average volume of 2,317,396. The Carlyle Group Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $57.50. The stock has a market cap of $16.29 billion, a P/E ratio of 16.22, a PEG ratio of 0.98 and a beta of 1.73. The business's 50 day moving average is $49.70 and its two-hundred day moving average is $49.41. 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 Carlyle Group (NASDAQ:CG - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share 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%. As a group, equities analysts expect that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

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. This represents a $1.40 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group's payout ratio is currently 50.36%.

Analyst Ratings Changes

CG has been the subject of several analyst reports. Wolfe Research raised The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 target price for the company in a research report on Friday, January 3rd. Oppenheimer lowered The Carlyle Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Barclays decreased their target price on shares of 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. StockNews.com lowered shares of The Carlyle Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Finally, Wells Fargo & Company cut their price target on shares of The Carlyle Group from $54.00 to $48.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $54.53.

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.