Wesbanco Bank Inc. Buys 37,659 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Wesbanco Bank Inc. grew its holdings in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 26.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 177,891 shares of the financial services provider's stock after buying an additional 37,659 shares during the period. Wesbanco Bank Inc.'s holdings in The Carlyle Group were worth $7,754,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Massachusetts Financial Services Co. MA lifted its holdings in The Carlyle Group by 201.4% during 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 buying an additional 4,244,131 shares in the last quarter. William Blair Investment Management LLC raised its stake in shares of The Carlyle Group by 15.5% during the 4th quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider's stock worth $668,990,000 after acquiring an additional 1,773,465 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in The Carlyle Group during the 4th quarter worth approximately $83,784,000. Frontier Capital Management Co. LLC grew 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 during the last quarter. Finally, Norges Bank purchased a new stake in The Carlyle Group during the 4th quarter worth approximately $44,532,000. 55.88% of the stock is owned by hedge funds and other institutional investors.

The Carlyle Group Trading Up 2.3%

NASDAQ CG opened at $46.28 on Monday. The firm has a 50 day simple moving average of $41.21 and a 200-day simple moving average of $47.19. 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 Inc. has a one year low of $33.02 and a one year high of $57.50. The firm has a market cap of $16.71 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 0.98 and a beta of 1.85.

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

The Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were issued a $0.35 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.40 annualized dividend and a yield of 3.03%. The Carlyle Group's dividend payout ratio (DPR) is 47.46%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Keefe, Bruyette & Woods upped their price objective on shares of The Carlyle Group from $43.00 to $45.00 and gave the company a "market perform" rating in a report on Monday, May 12th. Wall Street Zen cut shares of The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Evercore ISI increased their target price on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an "in-line" rating in a research report on Wednesday, February 12th. JMP Securities reduced their target price on shares of The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Finally, TD Cowen upgraded shares of The Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price objective for the company in a research report on Wednesday, May 14th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, The Carlyle Group presently has an average rating of "Hold" and a consensus 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.

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