Carlyle Group Inc. (NASDAQ:CG) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC boosted its stake in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 9.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,019 shares of the financial services provider's stock after purchasing an additional 6,743 shares during the quarter. Cerity Partners LLC's holdings in Carlyle Group were worth $3,401,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its position in shares of Carlyle Group by 201.4% in the fourth 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 buying an additional 4,244,131 shares during the last quarter. Frontier Capital Management Co. LLC lifted its position in shares of Carlyle Group by 98.8% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,455,963 shares of the financial services provider's stock valued at $124,002,000 after buying an additional 1,220,827 shares during the last quarter. Norges Bank acquired a new stake in shares of Carlyle Group in the fourth quarter valued at approximately $44,532,000. Deutsche Bank AG lifted its position in shares of Carlyle Group by 250.1% in the fourth quarter. Deutsche Bank AG now owns 1,041,816 shares of the financial services provider's stock valued at $52,601,000 after buying an additional 744,238 shares during the last quarter. Finally, National Bank of Canada FI increased its stake in shares of Carlyle Group by 80.3% during the fourth quarter. National Bank of Canada FI now owns 1,318,766 shares of the financial services provider's stock worth $66,595,000 after purchasing an additional 587,173 shares during the period. 55.88% of the stock is currently owned by institutional investors.

Carlyle Group Price Performance

Carlyle Group stock traded up $0.06 during mid-day trading on Friday, hitting $60.17. The stock had a trading volume of 1,703,756 shares, compared to its average volume of 2,682,642. The firm has a market capitalization of $21.73 billion, a P/E ratio of 20.40, a P/E/G ratio of 1.15 and a beta of 1.86. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 1.56. The firm's 50 day moving average is $49.59 and its 200 day moving average is $47.28. Carlyle Group Inc. has a one year low of $33.02 and a one year high of $60.64.

Carlyle Group (NASDAQ:CG - Get Free Report) last issued its earnings results on Friday, May 9th. The financial services provider reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.17. The business had revenue of $973.10 million for the quarter, compared to analyst estimates of $972.27 million. Carlyle Group had a net margin of 19.00% and a return on equity of 23.78%. The company's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $1.01 earnings per share. On average, sell-side analysts forecast that Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were given a dividend of $0.35 per share. The ex-dividend date was Monday, May 19th. This represents a $1.40 dividend on an annualized basis and a yield of 2.33%. Carlyle Group's payout ratio is presently 47.46%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Carlyle Group from $49.00 to $61.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. Morgan Stanley decreased their price target on Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Bank of America decreased their price target on Carlyle Group from $47.00 to $46.00 and set an "underperform" rating on the stock in a research note on Friday, April 4th. Evercore ISI lifted their price target on Carlyle Group from $45.00 to $58.00 and gave the company an "in-line" rating in a research note on Thursday, July 10th. Finally, TD Cowen upgraded Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price objective on the stock in a research report on Wednesday, May 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $57.73.

About 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.