The Carlyle Group Inc. (NASDAQ:CG) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its stake in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 8.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,237,249 shares of the financial services provider's stock after buying an additional 167,331 shares during the quarter. Ameriprise Financial Inc. owned 0.63% of The Carlyle Group worth $112,959,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. National Pension Service acquired a new stake in shares of The Carlyle Group during the 4th quarter worth about $25,000. Golden State Wealth Management LLC purchased a new stake in The Carlyle Group in the fourth quarter valued at $25,000. Valley National Advisers Inc. grew its holdings in shares of 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 worth $27,000 after purchasing an additional 327 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of The Carlyle Group by 253.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 405 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB grew its stake in The Carlyle Group by 8,090.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider's stock worth $45,000 after buying an additional 890 shares during the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

The Carlyle Group Stock Up 1.9 %

NASDAQ CG traded up $0.78 on Friday, hitting $42.04. 2,587,048 shares of the stock traded hands, compared to its average volume of 2,600,644. 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 stock has a 50-day moving average of $40.35 and a 200 day moving average of $47.99. The Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $57.50. The company has a market capitalization of $15.17 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 0.98 and a beta of 1.85.

The Carlyle Group (NASDAQ:CG - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The financial services provider reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.17. The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. The firm had revenue of $973.10 million for the quarter, compared to analyst estimates of $972.27 million. During the same quarter in the prior year, the business earned $1.01 earnings per share. The Carlyle Group's quarterly revenue was up 2.0% on a year-over-year basis. As a group, 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 will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.33%. The ex-dividend date is Monday, May 19th. The Carlyle Group's dividend payout ratio is presently 50.36%.

Analyst Ratings Changes

CG has been the subject of several research analyst reports. 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 report on Wednesday, February 12th. JMP Securities dropped their price objective on shares of The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Bank of America decreased their target price on shares of The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating for the company in a research note on Friday, April 4th. Citigroup reduced their price objective on The Carlyle Group from $55.00 to $39.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, TD Cowen dropped 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 equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $51.73.

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.