Royal London Asset Management Ltd. Raises Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Royal London Asset Management Ltd. raised its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 57.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,143 shares of the financial services provider's stock after purchasing an additional 36,637 shares during the quarter. Royal London Asset Management Ltd.'s holdings in The Carlyle Group were worth $5,056,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Golden State Wealth Management LLC purchased a new stake in The Carlyle Group in the 4th quarter valued at about $25,000. National Pension Service bought a new stake in shares of The Carlyle Group during the fourth quarter valued at approximately $25,000. Valley National Advisers Inc. boosted its holdings in shares of The Carlyle Group by 149.3% in the fourth quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 327 shares during the period. Nisa Investment Advisors LLC increased its holdings in The Carlyle Group by 253.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider's stock worth $29,000 after purchasing an additional 405 shares during the period. Finally, Brooklyn Investment Group bought a new stake in The Carlyle Group during the 3rd quarter valued at $33,000. 55.88% of the stock is owned by hedge funds and other institutional investors.

The Carlyle Group Stock Performance

CG stock traded down $1.03 during trading on Thursday, reaching $45.09. The company had a trading volume of 2,932,214 shares, compared to its average volume of 2,317,396. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32. The Carlyle Group Inc. has a twelve month low of $36.65 and a twelve month high of $57.50. The company has a market cap of $16.29 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 0.98 and a beta of 1.73. The firm has a 50-day simple moving average of $49.70 and a 200-day simple moving average of $49.41.

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The Carlyle Group (NASDAQ:CG - Get Free Report) last released 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%. As a group, sell-side analysts expect that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.40 annualized dividend and a yield of 3.10%. The Carlyle Group's dividend payout ratio (DPR) is presently 50.36%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. StockNews.com lowered The Carlyle Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Oppenheimer downgraded shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Evercore ISI upped their price target on shares of The Carlyle Group from $51.00 to $52.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 12th. Wolfe Research raised shares of The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 price objective for the company in a research note on Friday, January 3rd. Finally, Wells Fargo & Company dropped their target price on The Carlyle Group from $54.00 to $48.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $54.53.

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.