Rhumbline Advisers Has $30.59 Million Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Rhumbline Advisers boosted its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 605,842 shares of the financial services provider's stock after acquiring an additional 7,218 shares during the quarter. Rhumbline Advisers owned approximately 0.17% of The Carlyle Group worth $30,589,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CG. Westbourne Investment Advisors Inc. boosted its stake in shares of The Carlyle Group by 3.6% during the 3rd quarter. Westbourne Investment Advisors Inc. now owns 5,700 shares of the financial services provider's stock worth $245,000 after acquiring an additional 200 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in The Carlyle Group by 0.3% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 80,820 shares of the financial services provider's stock valued at $4,081,000 after purchasing an additional 225 shares during the last quarter. DMC Group LLC lifted its stake in shares of The Carlyle Group by 4.3% in the fourth quarter. DMC Group LLC now owns 6,932 shares of the financial services provider's stock worth $350,000 after buying an additional 283 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of The Carlyle Group by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 58,600 shares of the financial services provider's stock worth $2,959,000 after buying an additional 300 shares during the period. Finally, Western Pacific Wealth Management LP raised its holdings in The Carlyle Group by 10.6% in the 3rd quarter. Western Pacific Wealth Management LP now owns 3,284 shares of the financial services provider's stock worth $141,000 after acquiring an additional 314 shares during the period. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wolfe Research upgraded 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 report on Friday, January 3rd. Evercore ISI increased their target price on The Carlyle Group from $51.00 to $52.00 and gave the company an "in-line" rating in a research note on Wednesday, February 12th. Wells Fargo & Company dropped their price target on The Carlyle Group from $56.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. TD Cowen raised their price objective on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a "hold" rating in a research note on Friday, November 8th. Finally, Oppenheimer upped their target price on shares of The Carlyle Group from $78.00 to $85.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. One 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $54.93.

The Carlyle Group Price Performance

NASDAQ CG traded down $1.80 on Friday, reaching $49.86. The company's stock had a trading volume of 2,848,699 shares, compared to its average volume of 2,391,713. The Carlyle Group Inc. has a 52 week low of $36.65 and a 52 week 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 firm has a market cap of $17.83 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 0.99 and a beta of 1.70. The business has a 50-day moving average price of $52.62 and a 200 day moving average price of $48.45.

The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. Sell-side analysts expect that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be paid a $0.35 dividend. The ex-dividend date is Friday, February 21st. This represents a $1.40 annualized dividend and a dividend yield of 2.81%. The Carlyle Group's dividend payout ratio is presently 50.36%.

The Carlyle Group Company 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.