Invesco Ltd. Raises Position in The Carlyle Group Inc. (NASDAQ:CG)

Invesco Ltd. increased its position in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 650,735 shares of the financial services provider's stock after purchasing an additional 57,606 shares during the quarter. Invesco Ltd. owned approximately 0.18% of The Carlyle Group worth $32,856,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Arizona State Retirement System raised its position in shares of The Carlyle Group by 0.3% during the fourth quarter. Arizona State Retirement System now owns 67,239 shares of the financial services provider's stock worth $3,395,000 after purchasing an additional 220 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in The Carlyle Group by 0.3% in 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 buying an additional 225 shares in the last quarter. Aviva PLC increased its position in shares of The Carlyle Group by 1.3% during the fourth quarter. Aviva PLC now owns 17,408 shares of the financial services provider's stock worth $879,000 after acquiring an additional 227 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in The Carlyle Group by 0.6% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 46,607 shares of the financial services provider's stock valued at $2,353,000 after acquiring an additional 258 shares in the last quarter. Finally, DMC Group LLC raised its stake 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 purchasing an additional 283 shares during the period. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Barclays reduced their target price on shares of The Carlyle Group from $55.00 to $43.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Citigroup lowered their target price on The Carlyle Group from $55.00 to $39.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Oppenheimer downgraded The Carlyle Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Wells Fargo & Company cut their price objective on The Carlyle Group from $48.00 to $39.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Finally, Bank of America lowered their target price on shares of The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating on the stock in a report on Friday, April 4th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $50.71.

The Carlyle Group Price Performance

NASDAQ:CG traded up $2.50 during trading hours on Wednesday, hitting $38.19. The stock had a trading volume of 2,597,579 shares, compared to its average volume of 2,577,714. 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 one year low of $33.02 and a one year high of $57.50. The firm has a market capitalization of $13.79 billion, a price-to-earnings ratio of 13.74, a P/E/G ratio of 0.98 and a beta of 1.72. The company has a 50 day simple moving average of $43.07 and a two-hundred day simple moving average of $48.83.

The Carlyle Group (NASDAQ:CG - Get Free Report) last announced its 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 net margin of 18.81% and a return on equity of 24.02%. Research analysts forecast that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.40 annualized dividend and a yield of 3.67%. The Carlyle Group's payout ratio is currently 50.36%.

The Carlyle Group 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.