State of Alaska Department of Revenue Invests $951,000 in The Carlyle Group Inc. (NASDAQ:CG)

State of Alaska Department of Revenue purchased a new position 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 Securities & Exchange Commission. The firm purchased 23,380 shares of the financial services provider's stock, valued at approximately $951,000.

Other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in shares of The Carlyle Group by 3.6% in the first quarter. Bank of New York Mellon Corp now owns 586,876 shares of the financial services provider's stock valued at $28,704,000 after purchasing an additional 20,136 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in The Carlyle Group by 7.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,786 shares of the financial services provider's stock valued at $381,000 after acquiring an additional 531 shares during the period. Cetera Advisor Networks LLC bought a new stake in shares of The Carlyle Group during the first quarter worth approximately $200,000. MetLife Investment Management LLC acquired a new position in shares of The Carlyle Group in the first quarter valued at approximately $159,000. Finally, BlackRock Inc. lifted its holdings in The Carlyle Group by 7.2% during the 1st quarter. BlackRock Inc. now owns 15,257,115 shares of the financial services provider's stock worth $746,227,000 after purchasing an additional 1,020,504 shares during the last quarter. Institutional investors and hedge funds own 55.88% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. TD Cowen started coverage on shares of The Carlyle Group in a research note on Thursday, January 4th. They issued a "market perform" rating and a $42.00 price objective for the company. JMP Securities raised their price objective on The Carlyle Group from $52.00 to $58.00 and gave the stock a "market outperform" rating in a research note on Thursday, February 8th. JPMorgan Chase & Co. increased their price objective on shares of The Carlyle Group from $39.00 to $45.00 and gave the stock an "overweight" rating in a research note on Thursday, February 8th. Barclays boosted their target price on shares of The Carlyle Group from $55.00 to $56.00 and gave the company an "overweight" rating in a research report on Monday. Finally, TheStreet lowered shares of The Carlyle Group from a "b-" rating to a "c" rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, The Carlyle Group has a consensus rating of "Hold" and an average target price of $42.00.

Insider Buying and Selling

In related news, major shareholder Carlyle Group Inc. bought 190,000 shares of the company's stock in a transaction on Thursday, February 8th. The shares were purchased at an average cost of $12.95 per share, for a total transaction of $2,460,500.00. Following the completion of the purchase, the insider now directly owns 1,066,189 shares in the company, valued at $13,807,147.55. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 27.00% of the stock is owned by insiders.

The Carlyle Group Price Performance

NASDAQ CG traded down $0.91 on Wednesday, hitting $46.94. 2,096,717 shares of the company were exchanged, compared to its average volume of 2,340,821. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 1.52. The Carlyle Group Inc. has a 12 month low of $25.20 and a 12 month high of $48.52. The stock has a fifty day moving average of $45.29 and a 200-day moving average of $38.27.

The Carlyle Group (NASDAQ:CG - Get Free Report) last posted its earnings results on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.08. The Carlyle Group had a negative net margin of 20.53% and a positive return on equity of 19.74%. The firm had revenue of $896.40 million during the quarter, compared to analyst estimates of $860.68 million. During the same quarter in the prior year, the business posted $1.01 EPS. The business's revenue was down 15.4% compared to the same quarter last year. As a group, research analysts expect that The Carlyle Group Inc. will post 3.93 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 23rd were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date was Thursday, February 22nd. The Carlyle Group's payout ratio is -82.84%.

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.