SG Americas Securities LLC Boosts Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

SG Americas Securities LLC grew its position in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 684.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 247,836 shares of the financial services provider's stock after acquiring an additional 216,244 shares during the period. SG Americas Securities LLC owned about 0.07% of The Carlyle Group worth $10,803,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CG shares. Citigroup reduced their target price on shares of The Carlyle Group from $55.00 to $39.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Keefe, Bruyette & Woods increased their target price on shares of The Carlyle Group from $43.00 to $45.00 and gave the stock a "market perform" rating in a research note on Monday, May 12th. Morgan Stanley cut their target price on shares of 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. Wells Fargo & Company increased their target price 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. Finally, Cowen raised shares of The Carlyle Group from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $53.00.

The Carlyle Group Stock Down 3.2%

Shares of CG traded down $1.53 during trading hours on Friday, reaching $46.19. 1,783,774 shares of the stock traded hands, compared to its average volume of 2,634,604. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.42. The stock has a fifty day simple moving average of $42.04 and a 200 day simple moving average of $46.97. The Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $57.50. The company has a market cap of $16.68 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 0.98 and a beta of 1.85.

The Carlyle Group (NASDAQ:CG - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.17. The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. The company had revenue of $973.10 million for the quarter, compared to analyst estimates of $972.27 million. During the same period last year, the firm earned $1.01 earnings per share. The firm's revenue was up 2.0% on a year-over-year basis. On average, equities analysts forecast that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend was Monday, May 19th. The Carlyle Group's dividend 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.