Royal Bank of Canada Buys 9,514 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Royal Bank of Canada increased its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 368,375 shares of the financial services provider's stock after buying an additional 9,514 shares during the quarter. Royal Bank of Canada owned 0.10% of The Carlyle Group worth $18,599,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CG. Golden State Wealth Management LLC acquired a new position in shares of The Carlyle Group in the fourth quarter worth $25,000. National Pension Service purchased a new position in The Carlyle Group in the fourth quarter valued at about $25,000. Valley National Advisers Inc. raised its stake in shares of The Carlyle Group by 149.3% during the 4th quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider's stock worth $27,000 after purchasing an additional 327 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of The Carlyle Group by 253.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider's stock valued at $29,000 after buying an additional 405 shares during the last quarter. Finally, Main Street Group LTD bought a new stake in shares of The Carlyle Group in the 4th quarter valued at approximately $29,000. 55.88% of the stock is owned by hedge funds and other institutional investors.

The Carlyle Group Price Performance

Shares of CG stock traded down $0.94 during trading hours on Friday, hitting $44.94. The company had a trading volume of 286,062 shares, compared to its average volume of 2,645,864. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32. The firm has a market capitalization of $16.23 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 0.98 and a beta of 1.85. The Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $57.50. The firm's fifty day moving average is $41.15 and its 200 day moving average is $47.50.

The 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 analysts' consensus estimates of $0.97 by $0.17. The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. The company had revenue of $973.10 million during the quarter, compared to analysts' expectations of $972.27 million. During the same period last year, the business earned $1.01 earnings per share. The business's revenue was up 2.0% on a year-over-year basis. On average, sell-side analysts predict that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.11%. The ex-dividend date was Monday, May 19th. The Carlyle Group's payout ratio is 47.46%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CG. Cowen upgraded The Carlyle Group from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. TD Cowen raised The Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 target price for the company in a research report on Wednesday, May 14th. Wells Fargo & Company boosted their price objective on shares of The Carlyle Group from $45.00 to $49.00 and gave the stock an "equal weight" rating in a research note on Friday, May 23rd. Bank of America cut their target price on shares of The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating for the company in a research report on Friday, April 4th. Finally, Morgan Stanley dropped their price target on The Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, The Carlyle Group presently has a consensus rating of "Hold" and a consensus target price of $53.00.

The Carlyle Group 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.