Mutual of America Capital Management LLC Invests $5.41 Million in The Carlyle Group Inc. (NASDAQ:CG)

Mutual of America Capital Management LLC purchased a new position in The Carlyle Group Inc. (NASDAQ:CG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 132,953 shares of the financial services provider's stock, valued at approximately $5,410,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Toroso Investments LLC raised its holdings in The Carlyle Group by 1.9% during the fourth quarter. Toroso Investments LLC now owns 16,518 shares of the financial services provider's stock valued at $493,000 after acquiring an additional 304 shares during the period. Teacher Retirement System of Texas increased its holdings in shares of The Carlyle Group by 2.3% in the third quarter. Teacher Retirement System of Texas now owns 16,797 shares of the financial services provider's stock worth $507,000 after purchasing an additional 372 shares during the last quarter. Altshuler Shaham Ltd grew its position in The Carlyle Group by 13.3% in the fourth quarter. Altshuler Shaham Ltd now owns 3,775 shares of the financial services provider's stock worth $113,000 after acquiring an additional 442 shares in the last quarter. Fifth Third Bancorp grew its position in The Carlyle Group by 25.6% in the fourth quarter. Fifth Third Bancorp now owns 2,191 shares of the financial services provider's stock worth $89,000 after acquiring an additional 446 shares in the last quarter. Finally, AdvisorNet Financial Inc grew its position in The Carlyle Group by 125.5% in the third quarter. AdvisorNet Financial Inc now owns 814 shares of the financial services provider's stock worth $25,000 after acquiring an additional 453 shares in the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CG has been the subject of a number of recent research reports. Citigroup boosted their price objective on shares of The Carlyle Group from $41.00 to $45.00 and gave the stock a "neutral" rating in a research note on Thursday, February 8th. Morgan Stanley upped their price target on The Carlyle Group from $34.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 24th. UBS Group upped their price target on The Carlyle Group from $46.00 to $50.00 and gave the stock a "neutral" rating in a research report on Friday. JMP Securities upped their price target on The Carlyle Group from $52.00 to $58.00 and gave the stock a "market outperform" rating in a research report on Thursday, February 8th. Finally, TD Cowen began coverage on The Carlyle Group in a research report on Thursday, January 4th. They set a "market perform" rating and a $42.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, The Carlyle Group currently has an average rating of "Hold" and a consensus price target of $43.07.

Insider Activity at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. bought 190,000 shares of The Carlyle Group stock in a transaction dated Thursday, February 8th. The stock was acquired at an average cost of $12.95 per share, with a total value of $2,460,500.00. Following the completion of the acquisition, the insider now owns 1,066,189 shares of the company's stock, valued at $13,807,147.55. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 27.00% of the stock is owned by corporate insiders.

The Carlyle Group Trading Down 1.1 %

The Carlyle Group stock traded down $0.52 during trading on Monday, hitting $45.27. The company had a trading volume of 1,482,946 shares, compared to its average volume of 2,319,231. The company's 50 day simple moving average is $45.75 and its 200-day simple moving average is $38.73. The stock has a market cap of $16.39 billion, a price-to-earnings ratio of -26.79, a price-to-earnings-growth ratio of 0.98 and a beta of 1.79. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.52. The Carlyle Group Inc. has a 1-year low of $25.20 and a 1-year high of $48.52.

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

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 23rd were given a $0.35 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.40 dividend on an annualized basis and a yield of 3.09%. The Carlyle Group's dividend payout ratio (DPR) is presently -82.84%.

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.