U S Global Investors Inc. Invests $741,000 in Carlyle Group Inc. (NASDAQ:CG)

U S Global Investors Inc. acquired a new position in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 17,000 shares of the financial services provider's stock, valued at approximately $741,000.

Several other hedge funds have also made changes to their positions in the business. Arizona State Retirement System boosted its holdings in shares of 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 during the last quarter. Aviva PLC raised its position in shares of Carlyle Group by 1.3% in the 4th quarter. Aviva PLC now owns 17,408 shares of the financial services provider's stock worth $879,000 after buying an additional 227 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Carlyle Group by 0.6% in the 4th 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 buying an additional 258 shares during the period. O ROURKE & COMPANY Inc raised its position in shares of Carlyle Group by 1.5% in the 4th quarter. O ROURKE & COMPANY Inc now owns 17,990 shares of the financial services provider's stock worth $908,000 after buying an additional 266 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in shares of Carlyle Group by 31.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,229 shares of the financial services provider's stock worth $62,000 after buying an additional 296 shares during the period. Institutional investors and hedge funds own 55.88% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CG shares. Barclays increased their target price on Carlyle Group from $43.00 to $49.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Keefe, Bruyette & Woods increased their target price on Carlyle Group from $43.00 to $45.00 and gave the stock a "market perform" rating in a research report on Monday, May 12th. Citigroup cut their price objective on Carlyle Group from $55.00 to $39.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. TD Cowen raised Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price objective on the stock in a research report on Wednesday, May 14th. Finally, Wells Fargo & Company raised their price objective on Carlyle Group from $45.00 to $49.00 and gave the company an "equal weight" rating in a research report on Friday, May 23rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Carlyle Group currently has an average rating of "Hold" and an average price target of $53.00.

Carlyle Group Stock Up 1.0%

Shares of NASDAQ CG opened at $51.17 on Friday. Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $57.50. The firm has a market cap of $18.48 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 1.09 and a beta of 1.85. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.36 and a current ratio of 2.36. The stock's 50-day simple moving average is $44.31 and its 200-day simple moving average is $46.73.

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 business had revenue of $973.10 million during the quarter, compared to the consensus estimate of $972.27 million. Carlyle Group had a return on equity of 23.78% and a net margin of 19.00%. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm earned $1.01 earnings per share. As a group, equities analysts anticipate that Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were paid a $0.35 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.40 dividend on an annualized basis and a yield of 2.74%. 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.

Want to see what other hedge funds are holding CG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carlyle Group Inc. (NASDAQ:CG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.