The Carlyle Group Inc. (NASDAQ:CG) Shares Purchased by Zhang Financial LLC

Zhang Financial LLC boosted its holdings in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 47.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,332 shares of the financial services provider's stock after acquiring an additional 6,499 shares during the period. Zhang Financial LLC's holdings in The Carlyle Group were worth $886,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CG. Arizona State Retirement System lifted its stake in The Carlyle Group by 0.3% during the fourth quarter. Arizona State Retirement System now owns 67,239 shares of the financial services provider's stock worth $3,395,000 after purchasing an additional 220 shares in the last quarter. Aviva PLC lifted its stake in The Carlyle Group by 1.3% during the fourth quarter. Aviva PLC now owns 17,408 shares of the financial services provider's stock worth $879,000 after purchasing an additional 227 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of The Carlyle Group by 0.6% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 46,607 shares of the financial services provider's stock worth $2,353,000 after acquiring an additional 258 shares during the period. O ROURKE & COMPANY Inc increased its position in shares of The Carlyle Group by 1.5% during the fourth quarter. O ROURKE & COMPANY Inc now owns 17,990 shares of the financial services provider's stock worth $908,000 after acquiring an additional 266 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in shares of The Carlyle Group by 31.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,229 shares of the financial services provider's stock worth $62,000 after acquiring an additional 296 shares during the period. 55.88% of the stock is currently owned by institutional investors and hedge funds.

The Carlyle Group Stock Performance

Shares of CG stock traded up $0.85 during mid-day trading on Monday, hitting $47.04. 1,469,013 shares of the stock were exchanged, compared to its average volume of 2,629,942. The stock's fifty day simple moving average is $42.28 and its two-hundred day simple moving average is $46.93. The stock has a market capitalization of $16.99 billion, a price-to-earnings ratio of 16.92, a P/E/G 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 company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32.

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, topping the consensus estimate of $0.97 by $0.17. The company had revenue of $973.10 million for 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 quarter last year, the company posted $1.01 earnings per share. On average, analysts forecast that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date was Monday, May 19th. The Carlyle Group's dividend payout ratio is currently 47.46%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Wall Street Zen lowered The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Morgan Stanley cut their price objective 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. JMP Securities cut their price objective on The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Bank of America cut their price objective on The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating on the stock in a research report on Friday, April 4th. Finally, Oppenheimer lowered The Carlyle Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $53.00.

The 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.