Carlyle Group Inc. (NASDAQ:CG) Shares Purchased by Cetera Investment Advisers

Key Points

• Cetera Investment Advisers increased its holdings in Carlyle Group by 12.8%, now owning over 50,878 shares worth approximately $2.22 million.
• Major institutional investors such as Frontier Capital Management and Deutsche Bank made significant increases in their Carlyle Group shareholdings, highlighting growing confidence in the company.
• Carlyle Group's quarterly earnings report showed an EPS of $1.14, surpassing estimates, with a revenue increase of 2.0% compared to the previous year.

Cetera Investment Advisers lifted its stake in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 12.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,878 shares of the financial services provider's stock after acquiring an additional 5,793 shares during the quarter. Cetera Investment Advisers' holdings in Carlyle Group were worth $2,218,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CG. Capital World Investors boosted its stake in shares of Carlyle Group by 0.3% during the fourth 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 in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Carlyle Group by 7.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 6,827,559 shares of the financial services provider's stock worth $297,613,000 after buying an additional 476,127 shares during the period. Frontier Capital Management Co. LLC lifted its stake in shares of Carlyle Group by 98.8% during the fourth quarter. Frontier Capital Management Co. LLC now owns 2,455,963 shares of the financial services provider's stock worth $124,002,000 after buying an additional 1,220,827 shares during the period. Ameriprise Financial Inc. lifted its position in Carlyle Group by 8.1% during the fourth quarter. Ameriprise Financial Inc. now owns 2,237,249 shares of the financial services provider's stock valued at $112,959,000 after purchasing an additional 167,331 shares during the period. Finally, Northern Trust Corp lifted its position in Carlyle Group by 14.9% during the fourth quarter. Northern Trust Corp now owns 2,205,181 shares of the financial services provider's stock valued at $111,340,000 after purchasing an additional 285,935 shares during the period. 55.88% of the stock is owned by hedge funds and other institutional investors.

Carlyle Group Trading Up 1.1%

NASDAQ:CG traded up $0.66 on Friday, hitting $62.23. The stock had a trading volume of 2,653,991 shares, compared to its average volume of 2,606,057. The company has a quick ratio of 2.36, a current ratio of 2.24 and a debt-to-equity ratio of 1.52. The stock has a market cap of $22.47 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 1.19 and a beta of 1.90. The company has a fifty day moving average price of $54.26 and a two-hundred day moving average price of $48.13. Carlyle Group Inc. has a 1-year low of $33.02 and a 1-year high of $64.09.

Carlyle Group (NASDAQ:CG - Get Free Report) last posted its earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.17. The company had revenue of $973.10 million for the quarter, compared to analyst estimates of $972.27 million. Carlyle Group had a net margin of 20.22% and a return on equity of 23.60%. Carlyle Group's revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.01 EPS. Equities research analysts expect that Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Monday, August 18th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Monday, August 18th. Carlyle Group's dividend payout ratio is currently 40.94%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CG shares. TD Cowen upgraded shares of Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 target price for the company in a research report on Wednesday, May 14th. Morgan Stanley decreased their target price on shares of Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Citigroup upgraded shares of Carlyle Group from a "neutral" rating to a "buy" rating and boosted their target price for the company from $44.00 to $65.00 in a research report on Thursday, July 10th. Barclays reaffirmed an "overweight" rating and issued a $74.00 price objective (up previously from $66.00) on shares of Carlyle Group in a report on Thursday. Finally, Wells Fargo & Company lifted their price objective on shares of Carlyle Group from $49.00 to $61.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Carlyle Group has an average rating of "Hold" and an average price target of $58.40.

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.