Nomura Asset Management Co. Ltd. grew its position in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 24.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 84,251 shares of the financial services provider's stock after acquiring an additional 16,439 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in The Carlyle Group were worth $4,254,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of CG. Golden State Wealth Management LLC purchased a new position in shares of The Carlyle Group in the 4th quarter worth approximately $25,000. National Pension Service purchased a new position in shares of The Carlyle Group during the 4th quarter worth about $25,000. Valley National Advisers Inc. grew its holdings in The Carlyle Group by 149.3% during the 4th quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 327 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in The Carlyle Group by 253.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider's stock worth $29,000 after purchasing an additional 405 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its position in shares of The Carlyle Group by 8,090.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider's stock valued at $45,000 after buying an additional 890 shares during the period. Institutional investors own 55.88% of the company's stock.
Wall Street Analyst Weigh In
CG has been the subject of a number of research analyst reports. Oppenheimer lowered The Carlyle Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. 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 target on shares of The Carlyle Group from $54.00 to $48.00 and set an "equal weight" rating on the stock in a report on Thursday, March 20th. Evercore ISI boosted their price objective on shares of 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, Barclays reduced their target price 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. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $54.00.
Read Our Latest Stock Analysis on CG
The Carlyle Group Stock Down 7.3 %
Shares of CG stock traded down $2.82 during mid-day trading on Friday, hitting $35.89. 7,129,020 shares of the stock traded hands, compared to its average volume of 2,413,866. The stock's fifty day moving average is $47.81 and its two-hundred day moving average is $49.61. 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 52-week low of $33.02 and a 52-week high of $57.50. The stock has a market cap of $12.96 billion, a P/E ratio of 12.91, a P/E/G ratio of 0.98 and a beta of 1.73.
The Carlyle Group (NASDAQ:CG - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share (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%. Equities analysts predict that The Carlyle Group Inc. will post 4.48 EPS for the current 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 $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group's dividend payout ratio is presently 50.36%.
The Carlyle Group Company Profile
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Free Report)
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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