Korea Investment CORP Acquires 36,873 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Korea Investment CORP boosted its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 28.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 165,660 shares of the financial services provider's stock after purchasing an additional 36,873 shares during the quarter. Korea Investment CORP's holdings in The Carlyle Group were worth $8,364,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CG. Vanguard Group Inc. boosted its holdings in The Carlyle Group by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 23,161,423 shares of the financial services provider's stock valued at $1,169,420,000 after purchasing an additional 180,757 shares in the last quarter. William Blair Investment Management LLC grew its holdings in shares of The Carlyle Group by 15.5% in the 4th 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 last quarter. Boston Partners grew its stake in The Carlyle Group by 7.1% during the fourth quarter. Boston Partners now owns 7,102,085 shares of the financial services provider's stock worth $358,687,000 after buying an additional 467,767 shares during the last quarter. FMR LLC increased its holdings in The Carlyle Group by 72.8% during the 3rd quarter. FMR LLC now owns 4,051,757 shares of the financial services provider's stock valued at $174,469,000 after purchasing an additional 1,707,520 shares in the last quarter. Finally, Amundi raised its position in 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 purchasing an additional 594,661 shares during 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

Several brokerages recently issued reports on CG. Bank of America reduced their price target on shares of The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating on the stock in a research report on Friday. Evercore ISI increased their price objective on The Carlyle Group from $51.00 to $52.00 and gave the company an "in-line" rating in a research report on Wednesday, February 12th. Barclays dropped their target price on The Carlyle Group from $60.00 to $55.00 and set an "overweight" rating for the company in a research report on Wednesday, February 12th. Oppenheimer cut The Carlyle Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Finally, Wolfe Research raised The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 price target on the stock in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $54.00.

The Carlyle Group Stock Performance

Shares of CG stock traded down $2.82 on Friday, hitting $35.89. The company's stock had a trading volume of 7,129,020 shares, compared to its average volume of 2,413,866. The Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $57.50. 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 stock's 50 day moving average is $47.81 and its 200-day moving average is $49.56. The company has a market capitalization of $12.96 billion, a PE ratio of 12.91, a PEG ratio of 0.98 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 expect that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.90%. The Carlyle Group's payout ratio is presently 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.