Freestone Grove Partners LP Buys Shares of 195,259 The Carlyle Group Inc. (NASDAQ:CG)

Freestone Grove Partners LP acquired a new stake in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 195,259 shares of the financial services provider's stock, valued at approximately $9,859,000. Freestone Grove Partners LP owned about 0.05% of The Carlyle Group as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Korea Investment CORP boosted its stake in shares of The Carlyle Group by 28.6% during the 4th quarter. Korea Investment CORP now owns 165,660 shares of the financial services provider's stock worth $8,364,000 after acquiring an additional 36,873 shares in the last quarter. JPMorgan Chase & Co. boosted its position in The Carlyle Group by 68.1% during the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider's stock worth $82,651,000 after purchasing an additional 777,304 shares in the last quarter. Invesco Ltd. increased its position in shares of The Carlyle Group by 9.7% in the fourth quarter. Invesco Ltd. now owns 650,735 shares of the financial services provider's stock valued at $32,856,000 after buying an additional 57,606 shares in the last quarter. Sargent Investment Group LLC raised its stake in shares of The Carlyle Group by 6.5% during the 4th quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider's stock worth $15,283,000 after buying an additional 18,537 shares during the period. Finally, Franklin Street Advisors Inc. NC purchased a new position in shares of The Carlyle Group during the 4th quarter valued at approximately $17,671,000. Institutional investors and hedge funds own 55.88% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Morgan Stanley decreased their price objective on shares of The Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Bank of America decreased their price target on shares of The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating on the stock in a research note on Friday, April 4th. Citigroup reduced their target price on The Carlyle Group from $55.00 to $39.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Evercore ISI lifted their price target on The Carlyle Group from $51.00 to $52.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company reduced their price objective on The Carlyle Group from $48.00 to $39.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $50.88.

The Carlyle Group Trading Down 0.6 %

The Carlyle Group stock traded down $0.26 during mid-day trading on Monday, hitting $40.50. The company's stock had a trading volume of 2,109,131 shares, compared to its average volume of 2,580,518. The Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $57.50. 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 firm has a market capitalization of $14.62 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 0.98 and a beta of 1.72. The stock's fifty day moving average is $41.10 and its two-hundred day moving average is $48.31.

The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. On average, analysts anticipate that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a $0.35 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.40 annualized dividend and a yield of 3.46%. The Carlyle Group's dividend payout ratio (DPR) is presently 50.36%.

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.