Lansforsakringar Fondforvaltning AB publ Takes Position in The Carlyle Group Inc. (NASDAQ:CG)

Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 74,221 shares of the financial services provider's stock, valued at approximately $3,747,000.

A number of other institutional investors also recently modified their holdings of CG. Massachusetts Financial Services Co. MA lifted its position in shares of The Carlyle Group by 201.4% during the 4th 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 acquiring an additional 4,244,131 shares during the period. William Blair Investment Management LLC raised its holdings in The Carlyle Group by 15.5% during the fourth quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider's stock worth $668,990,000 after buying an additional 1,773,465 shares during the last quarter. Raymond James Financial Inc. acquired a new position in The Carlyle Group during the fourth quarter worth $83,784,000. Frontier Capital Management Co. LLC raised its holdings in The Carlyle Group by 98.8% during the fourth quarter. Frontier Capital Management Co. LLC now owns 2,455,963 shares of the financial services provider's stock worth $124,002,000 after buying an additional 1,220,827 shares during the last quarter. Finally, Norges Bank acquired a new position in The Carlyle Group during the fourth quarter worth $44,532,000. Institutional investors and hedge funds own 55.88% of the company's stock.

The Carlyle Group Stock Performance

NASDAQ CG traded down $1.09 during trading hours on Friday, reaching $44.79. 2,527,340 shares of the company were exchanged, compared to its average volume of 2,659,509. The Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $57.50. The business's 50 day simple moving average is $41.12 and its 200-day simple moving average is $47.45. 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 stock has a market capitalization of $16.18 billion, a P/E ratio of 16.11, a P/E/G ratio of 0.98 and a beta of 1.85.

The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.17. The firm had revenue of $973.10 million during the quarter, compared to analyst estimates of $972.27 million. The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. The company's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the business earned $1.01 earnings per share. On average, equities research 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 announced 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 3.13%. The Carlyle Group's dividend payout ratio is presently 47.46%.

Wall Street Analysts Forecast Growth

CG has been the topic of several research reports. Morgan Stanley lowered their price objective on shares of The Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Wall Street Zen downgraded shares of The Carlyle Group from a "hold" rating to a "sell" rating in a report on Thursday, February 20th. Evercore ISI upped their price objective on shares of The Carlyle Group from $51.00 to $52.00 and gave the stock an "in-line" rating in a report on Wednesday, February 12th. Oppenheimer downgraded shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Finally, Cowen upgraded shares of The 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, eight have given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, The Carlyle Group has a consensus rating of "Hold" and a consensus 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.