Nuveen Asset Management LLC Purchases 26,773 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Nuveen Asset Management LLC increased its position in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 5.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 483,102 shares of the financial services provider's stock after purchasing an additional 26,773 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.14% of The Carlyle Group worth $24,392,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in shares of The Carlyle Group during the fourth quarter worth about $25,000. National Pension Service acquired a new stake in The Carlyle Group during the 4th quarter valued at $25,000. Valley National Advisers Inc. grew its stake in The Carlyle Group by 149.3% in the 4th quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider's stock worth $27,000 after acquiring an additional 327 shares during the period. Nisa Investment Advisors LLC grew its holdings in The Carlyle Group by 253.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 405 shares during the period. Finally, LRI Investments LLC acquired a new position in shares of The Carlyle Group during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 55.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Evercore ISI upped their target price on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an "in-line" rating in a research note on Wednesday, February 12th. Oppenheimer lowered The Carlyle Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Keefe, Bruyette & Woods upped their price target on shares of The Carlyle Group from $43.00 to $45.00 and gave the stock a "market perform" rating in a research report on Monday, May 12th. TD Cowen raised shares of The Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 target price for the company in a research note on Wednesday, May 14th. Finally, Cowen raised The Carlyle Group from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, The Carlyle Group presently has an average rating of "Hold" and a consensus price target of $53.00.

The Carlyle Group Price Performance

Shares of CG traded down $0.34 during trading hours on Wednesday, hitting $45.80. 482,262 shares of the company were exchanged, compared to its average volume of 2,646,026. 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 Carlyle Group Inc. has a one year low of $33.02 and a one year high of $57.50. The company has a market capitalization of $16.54 billion, a PE ratio of 16.45, a PEG ratio of 0.98 and a beta of 1.85. The firm has a fifty day simple moving average of $41.13 and a 200-day simple moving average of $47.57.

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, 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 return on equity of 24.02% and a net margin of 18.81%. The business's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $1.01 EPS. As a group, sell-side analysts predict 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. Investors of record on Monday, May 19th were paid a dividend of $0.35 per share. The ex-dividend date was Monday, May 19th. This represents a $1.40 annualized dividend and a yield of 3.06%. The Carlyle Group's payout ratio is 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.