Sumitomo Mitsui Trust Group Inc. Acquires 7,891 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Sumitomo Mitsui Trust Group Inc. lifted its stake in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 509,538 shares of the financial services provider's stock after acquiring an additional 7,891 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.14% of The Carlyle Group worth $25,727,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Westbourne Investment Advisors Inc. raised its holdings in shares of The Carlyle Group by 3.6% in the 3rd quarter. Westbourne Investment Advisors Inc. now owns 5,700 shares of the financial services provider's stock valued at $245,000 after purchasing an additional 200 shares in the last quarter. Bleakley Financial Group LLC grew its position in shares of The Carlyle Group by 0.5% in the 3rd quarter. Bleakley Financial Group LLC now owns 41,742 shares of the financial services provider's stock valued at $1,797,000 after buying an additional 208 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its position in shares of The Carlyle Group by 0.3% in the 4th 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 buying an additional 225 shares during the last quarter. DMC Group LLC grew its position in shares of The Carlyle Group by 4.3% in the 4th quarter. DMC Group LLC now owns 6,932 shares of the financial services provider's stock valued at $350,000 after buying an additional 283 shares during the last quarter. Finally, Western Pacific Wealth Management LP grew its position in shares of 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 valued at $141,000 after buying an additional 314 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on CG. StockNews.com raised shares of The Carlyle Group from a "sell" rating to a "hold" rating in a research report on Wednesday. Barclays dropped their price target on shares of The Carlyle Group from $60.00 to $55.00 and set an "overweight" rating on the stock in a research note on Wednesday. TD Cowen boosted their price objective on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a "hold" rating in a report on Friday, November 8th. Evercore ISI upped their price target on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an "in-line" rating in a report on Wednesday. Finally, UBS Group upped their price objective on shares of The Carlyle Group from $43.00 to $54.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $54.93.

The Carlyle Group Stock Performance

CG stock traded up $0.74 on Friday, reaching $51.77. 3,989,413 shares of the company were exchanged, compared to its average volume of 1,799,539. The Carlyle Group Inc. has a 12 month low of $36.65 and a 12 month high of $57.50. The stock's fifty day moving average price is $52.68 and its 200 day moving average price is $48.31. The firm has a market capitalization of $18.52 billion, a PE ratio of 178.52, a PEG ratio of 0.92 and a beta of 1.70. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32.

The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its 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 2.21% and a return on equity of 24.91%. On average, research analysts anticipate that The Carlyle Group Inc. will post 3.73 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be given a dividend of $0.35 per share. The ex-dividend date is Friday, February 21st. This represents a $1.40 annualized dividend and a yield of 2.70%. The Carlyle Group's dividend payout ratio (DPR) is 482.76%.

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.