Envestnet Asset Management Inc. Buys 70,156 Shares of Carlyle Group Inc. (NASDAQ:CG)

Envestnet Asset Management Inc. grew its position in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 14.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 557,575 shares of the financial services provider's stock after buying an additional 70,156 shares during the period. Envestnet Asset Management Inc. owned 0.15% of Carlyle Group worth $24,305,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Aviva PLC lifted its position in shares of Carlyle Group by 1.3% during the 4th quarter. Aviva PLC now owns 17,408 shares of the financial services provider's stock valued at $879,000 after buying an additional 227 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Carlyle Group by 0.6% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 46,607 shares of the financial services provider's stock worth $2,353,000 after purchasing an additional 258 shares during the period. O ROURKE & COMPANY Inc boosted its stake in Carlyle Group by 1.5% in the 4th quarter. O ROURKE & COMPANY Inc now owns 17,990 shares of the financial services provider's stock worth $908,000 after purchasing an additional 266 shares during the period. Fiduciary Group LLC boosted its stake in Carlyle Group by 3.5% in the 4th quarter. Fiduciary Group LLC now owns 8,800 shares of the financial services provider's stock worth $444,000 after purchasing an additional 300 shares during the period. Finally, Tidal Investments LLC boosted its stake in Carlyle Group by 6.2% in the 4th quarter. Tidal Investments LLC now owns 5,219 shares of the financial services provider's stock worth $264,000 after purchasing an additional 306 shares during the period. Hedge funds and other institutional investors own 55.88% of the company's stock.

Carlyle Group Price Performance

Shares of NASDAQ CG traded up $0.21 during trading hours on Friday, reaching $60.32. 167,731 shares of the stock traded hands, compared to its average volume of 2,673,559. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 1.56. The company's 50-day simple moving average is $49.23 and its two-hundred day simple moving average is $47.22. The company has a market capitalization of $21.78 billion, a P/E ratio of 20.46, a price-to-earnings-growth ratio of 1.12 and a beta of 1.86. Carlyle Group Inc. has a 52-week low of $33.02 and a 52-week high of $60.39.

Carlyle Group (NASDAQ:CG - Get Free Report) last announced its quarterly 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 analysts' expectations of $972.27 million. Carlyle Group had a return on equity of 23.78% and a net margin of 19.00%. The business's quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.01 EPS. Equities research analysts forecast that Carlyle Group Inc. will post 4.48 EPS for the current year.

Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th were given a $0.35 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.32%. Carlyle Group's dividend payout ratio is currently 47.46%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Evercore ISI raised their target price on Carlyle Group from $45.00 to $58.00 and gave the stock an "in-line" rating in a research note on Thursday, July 10th. Bank of America lowered their price target on Carlyle Group from $47.00 to $46.00 and set an "underperform" rating on the stock in a report on Friday, April 4th. Morgan Stanley lowered their price target on Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Keefe, Bruyette & Woods raised their price target on Carlyle Group from $43.00 to $45.00 and gave the company a "market perform" rating in a report on Monday, May 12th. Finally, Cowen raised Carlyle Group from a "hold" rating to a "buy" rating in a 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 assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $57.73.

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.