Meketa Capital LLC Makes New Investment in The Carlyle Group Inc. (NASDAQ:CG)

Meketa Capital LLC acquired a new position in The Carlyle Group Inc. (NASDAQ:CG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 47,347 shares of the financial services provider's stock, valued at approximately $2,391,000. The Carlyle Group comprises about 5.4% of Meketa Capital LLC's investment portfolio, making the stock its 7th largest position.

Several other hedge funds and other institutional investors have also bought and sold shares of CG. Arizona State Retirement System raised its stake in shares of The Carlyle Group by 0.3% in the fourth quarter. Arizona State Retirement System now owns 67,239 shares of the financial services provider's stock valued at $3,395,000 after buying an additional 220 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. raised its stake in shares of The Carlyle Group by 0.3% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 80,820 shares of the financial services provider's stock valued at $4,081,000 after buying an additional 225 shares during the period. Aviva PLC raised its stake in shares of The Carlyle Group by 1.3% in the fourth quarter. Aviva PLC now owns 17,408 shares of the financial services provider's stock valued at $879,000 after buying an additional 227 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of The Carlyle Group by 0.6% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 46,607 shares of the financial services provider's stock valued at $2,353,000 after purchasing an additional 258 shares during the period. Finally, O ROURKE & COMPANY Inc raised its stake in shares of The Carlyle Group by 1.5% during the 4th quarter. O ROURKE & COMPANY Inc now owns 17,990 shares of the financial services provider's stock valued at $908,000 after purchasing an additional 266 shares during the period. Hedge funds and other institutional investors own 55.88% of the company's stock.

Analyst Ratings Changes

CG has been the topic of a number of analyst reports. TD Cowen decreased their price objective on The Carlyle Group from $54.00 to $37.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Citigroup decreased their price objective on The Carlyle Group from $55.00 to $39.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Oppenheimer lowered The Carlyle Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Morgan Stanley decreased 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 note on Monday, April 14th. Finally, Keefe, Bruyette & Woods boosted their target price on The Carlyle Group from $43.00 to $45.00 and gave the stock a "market perform" rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $51.07.

The Carlyle Group Price Performance

CG opened at $45.62 on Tuesday. The stock has a 50-day moving average price of $40.34 and a 200-day moving average price of $47.94. The Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month 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 stock has a market capitalization of $16.46 billion, a P/E ratio of 16.41, 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 company had revenue of $973.10 million during the quarter, compared to analysts' expectations of $972.27 million. The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. The Carlyle Group's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.01 EPS. Equities analysts predict 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 announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 19th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Monday, May 19th. The Carlyle Group's dividend payout ratio is presently 47.46%.

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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