Allen Mooney & Barnes Investment Advisors LLC Purchases New Position in The Carlyle Group Inc. (NASDAQ:CG)

Allen Mooney & Barnes Investment Advisors LLC acquired a new stake in The Carlyle Group Inc. (NASDAQ:CG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 306,361 shares of the financial services provider's stock, valued at approximately $13,354,000. The Carlyle Group accounts for about 2.2% of Allen Mooney & Barnes Investment Advisors LLC's holdings, making the stock its 16th biggest holding. Allen Mooney & Barnes Investment Advisors LLC owned 0.08% of The Carlyle Group as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CG. Vanguard Group Inc. lifted its position in shares of The Carlyle Group by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 23,161,423 shares of the financial services provider's stock worth $1,169,420,000 after purchasing an additional 180,757 shares during the period. Capital World Investors boosted its stake in shares of The Carlyle Group by 0.3% in the 4th quarter. Capital World Investors now owns 19,778,358 shares of the financial services provider's stock valued at $998,609,000 after purchasing an additional 50,784 shares during the last quarter. William Blair Investment Management LLC boosted its stake in shares of The Carlyle Group by 15.5% in the 4th quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider's stock valued at $668,990,000 after purchasing an additional 1,773,465 shares during the last quarter. Boston Partners lifted its position in shares of The Carlyle Group by 7.1% during the 4th quarter. Boston Partners now owns 7,102,085 shares of the financial services provider's stock valued at $358,687,000 after acquiring an additional 467,767 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position 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 valued at $320,684,000 after acquiring an additional 4,244,131 shares during the period. Institutional investors and hedge funds own 55.88% of the company's stock.

The Carlyle Group Stock Down 3.2%

CG stock traded down $1.53 during trading on Friday, reaching $46.19. The stock had a trading volume of 1,783,774 shares, compared to its average volume of 2,634,604. The Carlyle Group Inc. has a one year low of $33.02 and a one year high of $57.50. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42. The company's 50 day moving average is $42.04 and its two-hundred day moving average is $46.97. The company has a market capitalization of $16.68 billion, a price-to-earnings ratio of 16.62, a P/E/G ratio of 0.98 and a beta of 1.85.

The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.17. The business had revenue of $973.10 million during the quarter, compared to the consensus estimate of $972.27 million. The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 EPS. Equities research analysts forecast 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 Tuesday, May 27th. Shareholders of record on Monday, May 19th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend was Monday, May 19th. The Carlyle Group's payout ratio is 47.46%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Barclays lifted their price target on shares of The Carlyle Group from $43.00 to $49.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Wall Street Zen downgraded shares of The Carlyle Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Keefe, Bruyette & Woods lifted their price target on shares of The Carlyle Group from $43.00 to $45.00 and gave the company a "market perform" rating in a research note on Monday, May 12th. Oppenheimer downgraded shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Finally, Wells Fargo & Company boosted their target price on shares of The Carlyle Group from $45.00 to $49.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $53.00.

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.