GAMMA Investing LLC Increases Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

GAMMA Investing LLC grew its position in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 4,898.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 273,048 shares of the financial services provider's stock after buying an additional 267,585 shares during the quarter. GAMMA Investing LLC owned 0.08% of The Carlyle Group worth $11,902,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Arizona State Retirement System boosted its position in The Carlyle Group by 0.3% during the fourth quarter. Arizona State Retirement System now owns 67,239 shares of the financial services provider's stock worth $3,395,000 after purchasing an additional 220 shares during the period. Aviva PLC increased its position in shares of The 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 purchasing an additional 227 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased 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 worth $2,353,000 after purchasing an additional 258 shares during the period. O ROURKE & COMPANY Inc boosted its holdings in shares of The Carlyle Group by 1.5% during the fourth 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. Finally, Smartleaf Asset Management LLC raised its holdings in shares of The Carlyle Group by 31.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,229 shares of the financial services provider's stock valued at $62,000 after acquiring an additional 296 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CG shares. TD Cowen upgraded The Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price target on the stock in a research report on Wednesday, May 14th. Citigroup reduced their price objective on The Carlyle Group from $55.00 to $39.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Bank of America dropped their target price on The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating on the stock in a report on Friday, April 4th. Evercore ISI lifted their price target on The Carlyle Group from $51.00 to $52.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 12th. Finally, Morgan Stanley reduced 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 note on Monday, April 14th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $53.00.

The Carlyle Group Stock Performance

NASDAQ CG traded up $0.24 on Tuesday, hitting $46.82. 2,914,129 shares of the company traded hands, compared to its average volume of 2,641,180. The business's 50 day moving average price is $41.38 and its 200-day moving average price is $47.14. The Carlyle Group Inc. has a 52-week low of $33.02 and a 52-week high of $57.50. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $16.91 billion, a price-to-earnings ratio of 16.84, a P/E/G ratio of 0.98 and a beta of 1.85.

The Carlyle Group (NASDAQ:CG - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The financial services provider reported $1.14 EPS for the quarter, beating the consensus estimate of $0.97 by $0.17. The business had revenue of $973.10 million for the quarter, compared to the consensus estimate of $972.27 million. The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. The business's revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.01 earnings per share. Equities analysts expect that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.

The Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend was Monday, May 19th. The Carlyle Group's dividend payout ratio is currently 47.46%.

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.