Mitsubishi UFJ Asset Management Co. Ltd. Purchases 21,691 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 14.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 176,704 shares of the financial services provider's stock after purchasing an additional 21,691 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in The Carlyle Group were worth $9,159,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of CG. Korea Investment CORP boosted its holdings in The Carlyle Group by 28.6% during the fourth quarter. Korea Investment CORP now owns 165,660 shares of the financial services provider's stock worth $8,364,000 after purchasing an additional 36,873 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of The Carlyle Group by 5.2% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 9,104 shares of the financial services provider's stock worth $460,000 after buying an additional 450 shares during the last quarter. EntryPoint Capital LLC grew its holdings in shares of The Carlyle Group by 42.7% in the fourth quarter. EntryPoint Capital LLC now owns 19,059 shares of the financial services provider's stock valued at $962,000 after acquiring an additional 5,705 shares in the last quarter. Vanguard Group Inc. increased its position in shares of The Carlyle Group by 0.8% during the fourth 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 last quarter. Finally, LPL Financial LLC boosted its position in The Carlyle Group by 36.1% in the fourth quarter. LPL Financial LLC now owns 165,220 shares of the financial services provider's stock worth $8,342,000 after purchasing an additional 43,865 shares during the last quarter. Institutional investors own 55.88% of the company's stock.

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The Carlyle Group Price Performance

Shares of The Carlyle Group stock traded down $2.82 on Friday, reaching $35.89. The stock had a trading volume of 7,129,020 shares, compared to its average volume of 2,413,866. The business's 50 day moving average is $47.81 and its two-hundred day moving average is $49.56. The company has a market cap of $12.96 billion, a P/E ratio of 12.91, a price-to-earnings-growth ratio of 0.98 and a beta of 1.73. The Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $57.50. 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 announced its quarterly 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%. As a group, research analysts anticipate that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group's payout ratio is 50.36%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CG. Evercore ISI lifted their target price 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. Bank of America lowered their price objective on shares of The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating on the stock in a research report on Friday. Oppenheimer lowered shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Wolfe Research upgraded The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 price objective on the stock in a research note on Friday, January 3rd. Finally, StockNews.com downgraded The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $54.00.

About The Carlyle Group

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.