Raymond James Financial Inc. Invests $83.78 Million in The Carlyle Group Inc. (NASDAQ:CG)

Raymond James Financial Inc. purchased a new position in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,659,412 shares of the financial services provider's stock, valued at approximately $83,784,000. Raymond James Financial Inc. owned about 0.46% of The Carlyle Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CG. FMR LLC increased 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 purchasing an additional 1,707,520 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in The Carlyle Group by 22.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,107,301 shares of the financial services provider's stock valued at $90,740,000 after purchasing an additional 391,553 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in The Carlyle Group by 68.1% in 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 purchasing an additional 777,304 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in The Carlyle Group by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,406,201 shares of the financial services provider's stock valued at $70,999,000 after purchasing an additional 14,024 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in The Carlyle Group by 2.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,206 shares of the financial services provider's stock valued at $60,508,000 after buying an additional 36,549 shares during the period. Institutional investors and hedge funds own 55.88% of the company's stock.

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The Carlyle Group Stock Up 2.3 %

NASDAQ:CG traded up $0.96 during midday trading on Wednesday, hitting $42.03. 3,937,022 shares of the company were exchanged, compared to its average volume of 2,286,874. 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 company has a market capitalization of $15.18 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 0.98 and a beta of 1.73. The Carlyle Group Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $57.50. The company has a fifty day simple moving average of $51.28 and a 200 day simple moving average of $49.08.

The Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing analysts' consensus estimates 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 anticipate that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a yield of 3.33%. The Carlyle Group's dividend payout ratio is presently 50.36%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CG shares. Wells Fargo & Company decreased their price target on shares of The Carlyle Group from $56.00 to $54.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. Wolfe Research raised shares of The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 price target for the company in a research report on Friday, January 3rd. StockNews.com cut shares of The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Evercore ISI lifted their price objective on shares of The Carlyle Group from $51.00 to $52.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 12th. Finally, Barclays decreased their price objective 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. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, The Carlyle Group presently has an average rating of "Hold" and an average target price of $54.93.

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.