Massachusetts Financial Services Co. MA Raises Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Massachusetts Financial Services Co. MA lifted its stake in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 201.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,351,432 shares of the financial services provider's stock after purchasing an additional 4,244,131 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.78% of The Carlyle Group worth $320,684,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CG. William Blair Investment Management LLC grew its stake in shares of The Carlyle Group by 15.5% during the fourth quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider's stock worth $668,990,000 after purchasing an additional 1,773,465 shares during the period. Raymond James Financial Inc. acquired a new position in The Carlyle Group during the fourth quarter valued at approximately $83,784,000. Norges Bank acquired a new stake in The Carlyle Group in the fourth quarter worth $44,532,000. JPMorgan Chase & Co. boosted its position in shares of The Carlyle Group by 68.1% during the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider's stock worth $82,651,000 after purchasing an additional 777,304 shares in the last quarter. Finally, Amundi increased its position in shares of The Carlyle Group by 33.6% in the 4th quarter. Amundi now owns 2,364,231 shares of the financial services provider's stock valued at $123,673,000 after buying an additional 594,661 shares in the last quarter. 55.88% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CG. Wolfe Research upgraded 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. StockNews.com downgraded The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Evercore ISI increased their target price on shares of The Carlyle Group from $51.00 to $52.00 and gave the stock an "in-line" rating in a report on Wednesday, February 12th. Wells Fargo & Company decreased their price objective on The Carlyle Group from $54.00 to $48.00 and set an "equal weight" rating for the company in a report on Thursday, March 20th. Finally, Barclays decreased their price target on The Carlyle Group from $55.00 to $43.00 and set an "overweight" rating for the company in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $53.25.

The Carlyle Group Trading Up 0.9 %

Shares of NASDAQ CG traded up $0.33 during trading on Monday, reaching $36.22. The company had a trading volume of 2,606,821 shares, compared to its average volume of 2,415,778. 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 company's fifty day moving average price is $47.81 and its 200-day moving average price is $49.61. The Carlyle Group Inc. has a 12 month low of $30.67 and a 12 month high of $57.50. The stock has a market cap of $13.08 billion, a P/E ratio of 12.94, a PEG ratio of 0.98 and a beta of 1.72.

The Carlyle Group (NASDAQ:CG - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share 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%. As a group, research analysts expect that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend 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%.

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.