Miller Value Partners LLC Makes New Investment in The Carlyle Group Inc. (NASDAQ:CG)

Miller Value Partners LLC acquired a new position in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 70,000 shares of the financial services provider's stock, valued at approximately $3,534,000. The Carlyle Group comprises approximately 1.5% of Miller Value Partners LLC's holdings, making the stock its 24th biggest position.

A number of other hedge funds also recently made changes to their positions in CG. Korea Investment CORP increased its stake in shares of The Carlyle Group by 28.6% in the fourth quarter. Korea Investment CORP now owns 165,660 shares of the financial services provider's stock valued at $8,364,000 after buying an additional 36,873 shares during the period. JPMorgan Chase & Co. raised its stake in shares of 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 acquiring an additional 777,304 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of The Carlyle Group by 9.7% during the fourth quarter. Invesco Ltd. now owns 650,735 shares of the financial services provider's stock worth $32,856,000 after purchasing an additional 57,606 shares during the period. Sargent Investment Group LLC increased its holdings in The Carlyle Group by 6.5% in the fourth quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider's stock valued at $15,283,000 after purchasing an additional 18,537 shares during the period. Finally, Franklin Street Advisors Inc. NC bought a new position in The Carlyle Group during the 4th quarter worth $17,671,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

The Carlyle Group Stock Performance

NASDAQ CG opened at $38.79 on Friday. The stock has a market capitalization of $14.01 billion, a PE ratio of 13.95, a P/E/G ratio of 0.98 and a beta of 1.72. The company's 50 day simple moving average is $42.51 and its two-hundred day simple moving average is $48.69. 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 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 released its quarterly earnings data 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 return on equity of 24.02% and a net margin of 18.81%. Analysts predict that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently disclosed 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 3.61%. The ex-dividend date was Friday, February 21st. The Carlyle Group's dividend payout ratio (DPR) is 50.36%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CG shares. StockNews.com cut The Carlyle Group from a "hold" rating to a "sell" rating in a report on Thursday, February 20th. Oppenheimer cut shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Wolfe Research upgraded shares of The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 price objective on the stock in a report on Friday, January 3rd. Wells Fargo & Company decreased their target price on The Carlyle Group from $48.00 to $39.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Finally, TD Cowen cut their price target on The Carlyle Group from $54.00 to $37.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Two investment 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's stock. According to MarketBeat, The Carlyle Group has an average rating of "Hold" and a consensus target price of $50.71.

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.

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