William Blair Investment Management LLC lifted its position in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 15.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,249,941 shares of the financial services provider's stock after purchasing an additional 1,773,465 shares during the period. The Carlyle Group accounts for about 1.6% of William Blair Investment Management LLC's holdings, making the stock its 8th biggest position. William Blair Investment Management LLC owned approximately 3.70% of The Carlyle Group worth $668,990,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in CG. Golden State Wealth Management LLC bought a new stake in The Carlyle Group in the fourth quarter worth about $25,000. National Pension Service purchased a new stake in The Carlyle Group in the fourth quarter worth $25,000. Valley National Advisers Inc. lifted its holdings in The Carlyle Group by 149.3% during 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 last quarter. Nisa Investment Advisors LLC increased its stake in shares of The Carlyle Group by 253.1% in the fourth 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 in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in The Carlyle Group during the 3rd quarter worth about $33,000. 55.88% of the stock is owned by institutional investors.
The Carlyle Group Stock Up 3.2 %
Shares of CG stock traded up $1.33 during midday trading on Wednesday, reaching $43.53. 2,720,017 shares of the stock were exchanged, compared to its average volume of 2,289,737. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.42. The Carlyle Group Inc. has a 1 year low of $36.65 and a 1 year high of $57.50. The firm has a market cap of $15.72 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 0.98 and a beta of 1.73. The company's 50 day moving average is $50.52 and its two-hundred day moving average is $49.20.
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 net margin of 18.81% and a return on equity of 24.02%. On average, equities research analysts predict that The Carlyle Group Inc. will post 4.48 EPS for the current year.
The Carlyle Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a $0.35 dividend. 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 3.22%. The Carlyle Group's dividend payout ratio is currently 50.36%.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on CG. Wells Fargo & Company lowered their price target on shares of The Carlyle Group from $56.00 to $54.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Barclays dropped their price target on The Carlyle Group from $60.00 to $55.00 and set an "overweight" rating for the company in a research note on Wednesday, February 12th. StockNews.com lowered The Carlyle Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Oppenheimer lowered The Carlyle Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday. Finally, Wolfe Research upgraded 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 report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $54.93.
Get Our Latest Research Report on CG
The Carlyle Group Profile
(
Free Report)
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.
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