Sumitomo Mitsui DS Asset Management Company Ltd Acquires 7,539 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 43.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,853 shares of the financial services provider's stock after buying an additional 7,539 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in The Carlyle Group were worth $1,255,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of CG. Valley National Advisers Inc. grew its stake in shares of The Carlyle Group by 149.3% in the 4th quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider's stock valued at $27,000 after buying an additional 327 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of The Carlyle Group by 253.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider's stock worth $29,000 after buying an additional 405 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of The Carlyle Group in the third quarter valued at $33,000. Fifth Third Bancorp raised its stake in shares of The Carlyle Group by 53.9% in the fourth quarter. Fifth Third Bancorp now owns 962 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 337 shares in the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of The Carlyle Group in the fourth quarter valued at $57,000. Hedge funds and other institutional investors own 55.88% of the company's stock.

The Carlyle Group Stock Up 1.5 %

CG stock traded up $0.74 during mid-day trading on Friday, reaching $51.77. The company had a trading volume of 3,989,413 shares, compared to its average volume of 1,799,539. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32. The stock has a 50 day simple moving average of $52.68 and a two-hundred day simple moving average of $48.31. The company has a market capitalization of $18.52 billion, a price-to-earnings ratio of 178.52, a PEG ratio of 0.92 and a beta of 1.70. The Carlyle Group Inc. has a 52 week low of $36.65 and a 52 week high of $57.50.

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 for the quarter, missing analysts' consensus estimates of $1.00 by ($0.08). The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. As a group, equities analysts predict that The Carlyle Group Inc. will post 3.73 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.40 annualized dividend and a dividend yield of 2.70%. The Carlyle Group's dividend payout ratio is currently 482.76%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Wolfe Research upgraded The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 target price on the stock in a report on Friday, January 3rd. UBS Group raised their price target on The Carlyle Group from $43.00 to $54.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Oppenheimer raised their price target on The Carlyle Group from $78.00 to $85.00 and gave the company an "outperform" rating in a report on Monday, November 11th. JPMorgan Chase & Co. raised their price target on The Carlyle Group from $44.00 to $50.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. Finally, Keefe, Bruyette & Woods raised their price target on The Carlyle Group from $51.00 to $55.00 and gave the company a "market perform" rating in a report on Friday, November 8th. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, The Carlyle Group currently has a consensus rating of "Hold" and an average target price of $54.93.

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.