Miller Value Partners LLC Makes New $3.53 Million Investment in The Carlyle Group Inc. (NASDAQ:CG)

Miller Value Partners LLC acquired a new stake in The Carlyle Group Inc. (NASDAQ:CG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 70,000 shares of the financial services provider's stock, valued at approximately $3,534,000. The Carlyle Group comprises approximately 1.5% of Miller Value Partners LLC's portfolio, making the stock its 24th biggest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its position in shares of 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 worth $320,684,000 after buying an additional 4,244,131 shares in the last quarter. William Blair Investment Management LLC boosted its position in 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 valued at $668,990,000 after purchasing an additional 1,773,465 shares in the last quarter. Raymond James Financial Inc. bought a new stake in The Carlyle Group during the fourth quarter valued at about $83,784,000. Norges Bank bought a new stake in The Carlyle Group during the fourth quarter valued at about $44,532,000. Finally, 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 valued at $82,651,000 after purchasing an additional 777,304 shares in the last quarter. Institutional investors own 55.88% of the company's stock.

The Carlyle Group Price Performance

CG traded down $0.84 during midday trading on Wednesday, hitting $38.29. 729,699 shares of the company traded hands, compared to its average volume of 2,593,553. 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 company has a market capitalization of $13.82 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 0.98 and a beta of 1.72. The Carlyle Group Inc. has a 52-week low of $33.02 and a 52-week high of $57.50. The business has a 50 day simple moving average of $41.69 and a two-hundred day simple moving average of $48.53.

The Carlyle Group (NASDAQ:CG - Get Free Report) last posted 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, equities analysts forecast that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.66%. The ex-dividend date was Friday, February 21st. The Carlyle Group's dividend payout ratio is currently 50.36%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Bank of America lowered their price target on The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating for the company in a report on Friday, April 4th. Morgan Stanley lowered their price target on The Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. JMP Securities dropped their target price on The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. TD Cowen dropped their price objective on shares of The Carlyle Group from $54.00 to $37.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Finally, Wolfe Research raised shares of The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 price objective on the stock in a report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $50.71.

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.