Adage Capital Partners GP L.L.C. Makes New $4.52 Million Investment in The Carlyle Group Inc. (NASDAQ:CG)

Adage Capital Partners GP L.L.C. purchased a new stake in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 89,600 shares of the financial services provider's stock, valued at approximately $4,524,000.

A number of other hedge funds also recently modified their holdings of CG. Tidal Investments LLC bought a new position in shares of The Carlyle Group during the 3rd quarter worth approximately $212,000. Franklin Resources Inc. lifted its stake in shares of The Carlyle Group by 145.6% in the 3rd quarter. Franklin Resources Inc. now owns 28,210 shares of the financial services provider's stock valued at $1,215,000 after acquiring an additional 16,723 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of The Carlyle Group by 4.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 12,864 shares of the financial services provider's stock worth $559,000 after purchasing an additional 495 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in 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 valued at $82,651,000 after acquiring an additional 777,304 shares during the period. Finally, GAMMA Investing LLC increased its position in The Carlyle Group by 10.3% during the 4th quarter. GAMMA Investing LLC now owns 5,463 shares of the financial services provider's stock valued at $276,000 after purchasing an additional 509 shares during the period. Institutional investors and hedge funds own 55.88% of the company's stock.

The Carlyle Group Trading Up 4.1 %

CG traded up $1.60 during trading on Friday, hitting $40.76. 1,754,464 shares of the stock traded hands, compared to its average volume of 2,585,209. The Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month high of $57.50. The firm has a 50-day moving average of $41.26 and a 200 day moving average of $48.40. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32. The firm has a market capitalization of $14.71 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 0.98 and a beta of 1.72.

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 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 anticipate that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given 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 3.43%. The Carlyle Group's dividend payout ratio is presently 50.36%.

Analyst Ratings Changes

A number of brokerages have weighed in on CG. Wolfe Research upgraded shares of The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 price target for the company in a research report on Friday, January 3rd. StockNews.com cut The Carlyle Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. JMP Securities decreased their price target on shares of The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Bank of America reduced their price objective on shares of The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating on the stock in a research note on Friday, April 4th. Finally, TD Cowen reduced their target price on The Carlyle Group from $54.00 to $37.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, The Carlyle Group has a consensus rating of "Hold" and a consensus price target of $50.71.

About The Carlyle Group

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.