BI Asset Management Fondsmaeglerselskab A S Purchases 27,048 Shares of The Carlyle Group Inc. (NASDAQ:CG)

BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 274.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,888 shares of the financial services provider's stock after purchasing an additional 27,048 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in The Carlyle Group were worth $1,862,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CG. Massachusetts Financial Services Co. MA boosted its stake in shares of The Carlyle Group by 201.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,351,432 shares of the financial services provider's stock worth $320,684,000 after buying an additional 4,244,131 shares during the last quarter. William Blair Investment Management LLC boosted its stake in shares of The Carlyle Group by 15.5% during 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 buying an additional 1,773,465 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of The Carlyle Group during the 4th quarter worth about $83,784,000. Norges Bank acquired a new position in shares of The Carlyle Group during the 4th quarter worth about $44,532,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of The Carlyle Group by 68.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider's stock worth $82,651,000 after buying an additional 777,304 shares during the last quarter. Institutional investors own 55.88% of the company's stock.

The Carlyle Group Stock Performance

NASDAQ CG traded up $0.24 on Friday, reaching $39.03. The stock had a trading volume of 1,652,763 shares, compared to its average volume of 2,603,671. The firm has a fifty day moving average of $42.22 and a two-hundred day moving average of $48.66. The company has a market cap of $14.09 billion, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 0.98 and a beta of 1.72. 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 Carlyle Group Inc. has a 1-year low of $33.02 and a 1-year high of $57.50.

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 net margin of 18.81% and a return on equity of 24.02%. On average, equities research analysts anticipate that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given 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 3.59%. The Carlyle Group's payout ratio is 50.36%.

Analysts Set New Price Targets

A number of research firms have recently commented on CG. Barclays reduced their price objective on shares of The Carlyle Group from $55.00 to $43.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. Evercore ISI raised their target price on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an "in-line" rating in a research note on Wednesday, February 12th. Bank of America cut 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. StockNews.com downgraded shares of The Carlyle Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Finally, Wolfe Research upgraded shares of The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 target price for the company in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, The Carlyle Group has an average rating of "Hold" and an average price target of $50.71.

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.