Meiji Yasuda Life Insurance Co Acquires New Position in The Carlyle Group Inc. (NASDAQ:CG)

Meiji Yasuda Life Insurance Co purchased a new position in The Carlyle Group Inc. (NASDAQ:CG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 13,600 shares of the financial services provider's stock, valued at approximately $687,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Massachusetts Financial Services Co. MA raised its holdings in The Carlyle Group by 201.4% in the fourth 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 acquiring an additional 4,244,131 shares in the last quarter. William Blair Investment Management LLC grew its holdings in shares of The Carlyle Group by 15.5% during the fourth quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider's stock worth $668,990,000 after buying an additional 1,773,465 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of The Carlyle Group during the fourth quarter worth $83,784,000. Norges Bank purchased a new position in The Carlyle Group during the fourth quarter worth about $44,532,000. Finally, JPMorgan Chase & Co. raised its position in The Carlyle Group by 68.1% in the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider's stock worth $82,651,000 after acquiring an additional 777,304 shares in the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

The Carlyle Group Price Performance

Shares of The Carlyle Group stock traded down $0.26 on Monday, hitting $40.50. 2,109,131 shares of the company traded hands, compared to its average volume of 2,580,518. The firm's 50-day simple moving average is $40.92 and its 200 day simple moving average is $48.23. The Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month high of $57.50. The company has a market cap of $14.62 billion, a P/E ratio of 14.57, a P/E/G ratio of 0.98 and a beta of 1.72. 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 Carlyle Group (NASDAQ:CG - Get Free Report) last announced its earnings results 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 return on equity of 24.02% and a net margin of 18.81%. Analysts expect that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a dividend of $0.35 per share. The ex-dividend date was Friday, February 21st. This represents a $1.40 annualized dividend and a dividend yield of 3.46%. The Carlyle Group's payout ratio is currently 50.36%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. StockNews.com cut The Carlyle Group from a "hold" rating to a "sell" rating in a report on Thursday, February 20th. JMP Securities cut their price target on shares of The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Bank of America lowered their price objective on shares of The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating for the company in a research note on Friday, April 4th. Oppenheimer lowered shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Finally, Evercore ISI raised their price objective on 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. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $50.88.

The Carlyle Group 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.