Massachusetts Financial Services Co. MA Grows Position in Carlyle Group Inc. (NASDAQ:CG)

Massachusetts Financial Services Co. MA grew its position in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 7.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,827,559 shares of the financial services provider's stock after purchasing an additional 476,127 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.89% of Carlyle Group worth $297,613,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CG. Aviva PLC grew its stake in Carlyle Group by 1.3% in the 4th quarter. Aviva PLC now owns 17,408 shares of the financial services provider's stock valued at $879,000 after acquiring an additional 227 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew 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 valued at $2,353,000 after acquiring an additional 258 shares during the period. O ROURKE & COMPANY Inc grew 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 valued at $908,000 after acquiring an additional 266 shares during the period. Fiduciary Group LLC grew 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 valued at $444,000 after acquiring an additional 300 shares during the period. Finally, Tidal Investments LLC boosted its stake in Carlyle Group by 6.2% during 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 last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Carlyle Group Trading Up 1.0%

CG traded up $0.55 on Wednesday, hitting $58.19. The company had a trading volume of 3,866,201 shares, compared to its average volume of 2,685,269. The firm has a market cap of $21.01 billion, a P/E ratio of 19.73, a PEG ratio of 1.11 and a beta of 1.86. Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $59.28. The company's fifty day moving average price is $48.85 and its 200 day moving average price is $47.15. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 1.56.

Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $973.10 million for the quarter, compared to analyst estimates of $972.27 million. Carlyle Group had a net margin of 19.00% and a return on equity of 23.78%. Carlyle Group's 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. As a group, equities analysts expect that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were paid 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 2.41%. Carlyle Group's dividend payout ratio (DPR) is presently 47.46%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CG shares. Barclays reaffirmed an "overweight" rating and set a $64.00 target price (up previously from $49.00) on shares of Carlyle Group in a research note on Thursday, July 10th. Wells Fargo & Company lifted their target price on shares of Carlyle Group from $49.00 to $61.00 and gave the stock an "equal weight" rating in a research note on Friday, July 11th. Morgan Stanley lowered their target price on shares of 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. Citigroup raised shares of Carlyle Group from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $44.00 to $65.00 in a research note on Thursday, July 10th. Finally, TD Cowen raised shares of Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 target price on the stock in a research note on Wednesday, May 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Carlyle Group currently has an average rating of "Hold" and a consensus price target 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.