Greenwood Capital Associates LLC Acquires New Shares in The Carlyle Group Inc. (NASDAQ:CG)

Greenwood Capital Associates LLC purchased a new stake in The Carlyle Group Inc. (NASDAQ:CG - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,223 shares of the financial services provider's stock, valued at approximately $446,000.

Several other large investors have also bought and sold shares of CG. Fifth Third Bancorp raised its holdings in shares of The Carlyle Group by 9,305.4% in the 1st quarter. Fifth Third Bancorp now owns 90,480 shares of the financial services provider's stock worth $3,944,000 after purchasing an additional 89,518 shares during the period. Zhang Financial LLC lifted its position in The Carlyle Group by 47.0% during the first quarter. Zhang Financial LLC now owns 20,332 shares of the financial services provider's stock valued at $886,000 after purchasing an additional 6,499 shares during the last quarter. Assenagon Asset Management S.A. grew its position in The Carlyle Group by 62.6% in the first quarter. Assenagon Asset Management S.A. now owns 386,195 shares of the financial services provider's stock worth $16,834,000 after acquiring an additional 148,670 shares in the last quarter. Franklin Street Advisors Inc. NC raised its position in The Carlyle Group by 97.8% during the first quarter. Franklin Street Advisors Inc. NC now owns 692,173 shares of the financial services provider's stock valued at $30,172,000 after purchasing an additional 342,189 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in The Carlyle Group by 684.5% during the first quarter. SG Americas Securities LLC now owns 247,836 shares of the financial services provider's stock worth $10,803,000 after purchasing an additional 216,244 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors.

The Carlyle Group Trading Down 3.2%

The Carlyle Group stock traded down $1.53 during mid-day trading on Friday, reaching $46.19. 1,783,774 shares of the company traded hands, compared to its average volume of 2,635,184. The firm's 50 day moving average price is $41.83 and its 200 day moving average price is $47.10. The Carlyle Group Inc. has a 52-week low of $33.02 and a 52-week high of $57.50. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32. The firm has a market capitalization of $16.68 billion, a price-to-earnings ratio of 16.62, 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 results on Friday, May 9th. The financial services provider reported $1.14 earnings per share (EPS) 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 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 previous year, the company earned $1.01 earnings per share. On average, analysts anticipate that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The company 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 of this dividend was Monday, May 19th. This represents a $1.40 annualized dividend and a dividend yield of 3.03%. The Carlyle Group's dividend payout ratio is presently 47.46%.

Wall Street Analyst Weigh In

CG has been the topic of a number of analyst reports. Oppenheimer cut shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Morgan Stanley reduced their price objective on The 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. Keefe, Bruyette & Woods boosted their target price on 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. Wall Street Zen lowered The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Finally, Citigroup lowered 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, The Carlyle Group currently has an average rating of "Hold" and an average target price of $53.00.

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.