Russell Investments Group Ltd. Purchases 433,879 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Russell Investments Group Ltd. raised its stake in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 65.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,091,923 shares of the financial services provider's stock after purchasing an additional 433,879 shares during the quarter. Russell Investments Group Ltd. owned 0.31% of The Carlyle Group worth $55,132,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Arizona State Retirement System boosted its position in shares of The Carlyle Group by 0.3% during the 4th quarter. Arizona State Retirement System now owns 67,239 shares of the financial services provider's stock valued at $3,395,000 after acquiring an additional 220 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted 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 in the last quarter. Aviva PLC raised its holdings in shares of The Carlyle Group by 1.3% in the 4th quarter. Aviva PLC now owns 17,408 shares of the financial services provider's stock worth $879,000 after buying an additional 227 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of The Carlyle Group by 0.6% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 46,607 shares of the financial services provider's stock worth $2,353,000 after buying an additional 258 shares during the period. Finally, DMC Group LLC boosted its stake in 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 in the last quarter. Institutional investors and hedge funds own 55.88% of the company's stock.

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Analysts Set New Price Targets

CG has been the subject of a number of analyst reports. Wolfe Research raised The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 price objective for the company in a report on Friday, January 3rd. Barclays reduced their price target on shares of The Carlyle Group from $55.00 to $43.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Wells Fargo & Company cut their target price on shares of The Carlyle Group from $48.00 to $39.00 and set an "equal weight" rating for the company in a research note on Tuesday. Bank of America decreased their price target on The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating on the stock in a research report on Friday, April 4th. Finally, StockNews.com lowered The Carlyle Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $51.06.

The Carlyle Group Trading Down 1.1 %

NASDAQ CG traded down $0.40 during trading hours on Friday, hitting $36.23. The company's stock had a trading volume of 4,744,812 shares, compared to its average volume of 2,519,243. The stock has a fifty day moving average of $45.25 and a 200 day moving average of $49.22. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42. The Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $57.50. The firm has a market capitalization of $13.09 billion, a P/E ratio of 13.03, a PEG ratio of 0.98 and a beta of 1.72.

The Carlyle Group (NASDAQ:CG - Get Free Report) last posted 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 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group's dividend payout ratio is currently 50.36%.

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.