Forum Financial Management LP Acquires New Stake in The Carlyle Group Inc. (NASDAQ:CG)

Forum Financial Management LP acquired a new position in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,540 shares of the financial services provider's stock, valued at approximately $330,000.

A number of other large investors have also made changes to their positions in CG. Arizona State Retirement System increased its holdings in The Carlyle Group by 0.3% in the fourth quarter. Arizona State Retirement System now owns 67,239 shares of the financial services provider's stock valued at $3,395,000 after buying an additional 220 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in shares of The Carlyle Group by 0.3% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 80,820 shares of the financial services provider's stock worth $4,081,000 after acquiring an additional 225 shares during the period. Aviva PLC raised its holdings in The Carlyle Group by 1.3% during the fourth quarter. Aviva PLC now owns 17,408 shares of the financial services provider's stock worth $879,000 after purchasing an additional 227 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in The 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 valued at $2,353,000 after purchasing an additional 258 shares during the last quarter. Finally, O ROURKE & COMPANY Inc lifted its holdings in The 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 valued at $908,000 after purchasing an additional 266 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on CG shares. Keefe, Bruyette & Woods upped their price objective 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 The Carlyle Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Cowen upgraded The Carlyle Group from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Citigroup lowered their price target on The Carlyle Group from $55.00 to $39.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, Morgan Stanley decreased their price objective on shares of The 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. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $53.00.

The Carlyle Group Stock Performance

CG stock traded down $0.68 during mid-day trading on Friday, reaching $45.20. The company had a trading volume of 2,443,859 shares, compared to its average volume of 2,654,613. The stock's 50-day simple moving average is $41.15 and its two-hundred day simple moving average is $47.50. The stock has a market capitalization of $16.32 billion, a P/E ratio of 16.26, a P/E/G ratio of 0.98 and a beta of 1.85. 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 Carlyle Group Inc. has a one year low of $33.02 and a one year high of $57.50.

The Carlyle Group (NASDAQ:CG - Get Free Report) last posted its earnings results on Friday, May 9th. The financial services provider reported $1.14 EPS for the quarter, topping the consensus estimate of $0.97 by $0.17. The firm had revenue of $973.10 million during the quarter, compared to analysts' expectations of $972.27 million. The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. The Carlyle Group's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.01 EPS. Research analysts anticipate that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.40 dividend on an annualized basis and a yield of 3.10%. The Carlyle Group's dividend payout ratio (DPR) is presently 47.46%.

The 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.