Teacher Retirement System of Texas Takes $1.48 Million Position in Carlyle Group Inc. (NASDAQ:CG)

Teacher Retirement System of Texas purchased a new stake in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 33,981 shares of the financial services provider's stock, valued at approximately $1,481,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CG. Private Trust Co. NA boosted its holdings in shares of Carlyle Group by 101.9% in the 1st quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock worth $28,000 after buying an additional 321 shares during the last quarter. DAVENPORT & Co LLC increased its position in shares of Carlyle Group by 27.8% in the first quarter. DAVENPORT & Co LLC now owns 11,973 shares of the financial services provider's stock worth $522,000 after purchasing an additional 2,607 shares during the last quarter. Valley National Advisers Inc. increased its position in shares of Carlyle Group by 111.9% in the first quarter. Valley National Advisers Inc. now owns 1,157 shares of the financial services provider's stock worth $50,000 after purchasing an additional 611 shares during the last quarter. Augustine Asset Management Inc. increased its position in shares of Carlyle Group by 0.6% in the first quarter. Augustine Asset Management Inc. now owns 61,911 shares of the financial services provider's stock worth $2,699,000 after purchasing an additional 345 shares during the last quarter. Finally, Jeppson Wealth Management LLC grew its position in Carlyle Group by 1.9% during the first quarter. Jeppson Wealth Management LLC now owns 27,122 shares of the financial services provider's stock valued at $1,182,000 after acquiring an additional 503 shares during the last quarter. Institutional investors own 55.88% of the company's stock.

Analyst Upgrades and Downgrades

CG has been the topic of several recent analyst reports. Bank of America cut their target price on shares of Carlyle Group from $47.00 to $46.00 and set an "underperform" rating on the stock in a report on Friday, April 4th. Citigroup raised Carlyle Group from a "neutral" rating to a "buy" rating and raised their price target for the stock from $44.00 to $65.00 in a research note on Thursday. Oppenheimer lowered Carlyle Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. JMP Securities reduced their price target on Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods raised their price target on Carlyle Group from $43.00 to $45.00 and gave the company a "market perform" rating in a report on Monday, May 12th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Carlyle Group presently has an average rating of "Hold" and a consensus price target of $56.93.

Carlyle Group Stock Performance

Shares of CG stock traded down $0.15 during trading hours on Friday, reaching $58.35. 2,297,335 shares of the company traded hands, compared to its average volume of 2,675,924. Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month high of $58.84. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.36 and a quick ratio of 2.36. The company has a market cap of $21.07 billion, a P/E ratio of 19.78, a P/E/G ratio of 1.22 and a beta of 1.86. The firm has a 50-day moving average price of $47.77 and a 200 day moving average price of $47.01.

Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $973.10 million for the quarter, compared to analysts' expectations of $972.27 million. Carlyle Group had a return on equity of 23.78% and a net margin of 19.00%. The firm's revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.01 EPS. As a group, sell-side analysts predict that Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

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. The ex-dividend date was Monday, May 19th. This represents a $1.40 annualized dividend and a dividend yield of 2.40%. Carlyle Group's dividend payout ratio (DPR) is 47.46%.

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.