54,289 Shares in The Carlyle Group Inc. (NASDAQ:CG) Bought by Cerity Partners LLC

Cerity Partners LLC purchased a new position in The Carlyle Group Inc. (NASDAQ:CG - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 54,289 shares of the financial services provider's stock, valued at approximately $2,209,000.

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CG. Citigroup lifted their price objective on shares of The Carlyle Group from $41.00 to $45.00 and gave the company a "neutral" rating in a research report on Thursday, February 8th. Morgan Stanley lifted their target price on The Carlyle Group from $34.00 to $40.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 24th. TD Cowen assumed coverage on The Carlyle Group in a report on Thursday, January 4th. They set a "market perform" rating and a $42.00 price target on the stock. JMP Securities upped their price objective on shares of The Carlyle Group from $52.00 to $58.00 and gave the stock a "market outperform" rating in a report on Thursday, February 8th. Finally, Barclays boosted their price target on shares of The Carlyle Group from $55.00 to $56.00 and gave the stock an "overweight" rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $43.07.

Insider Transactions at The Carlyle Group

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

The Carlyle Group Stock Up 0.9 %

NASDAQ:CG traded up $0.40 during trading hours on Friday, hitting $44.08. 2,713,381 shares of the company's stock traded hands, compared to its average volume of 1,849,868. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.27 and a current ratio of 2.27. The Carlyle Group Inc. has a twelve month low of $25.20 and a twelve month high of $48.52. The stock's fifty day moving average price is $45.80 and its two-hundred day moving average price is $39.07. The firm has a market cap of $15.96 billion, a P/E ratio of -26.08, a P/E/G ratio of 0.93 and a beta of 1.79.

The Carlyle Group (NASDAQ:CG - Get Free Report) last released its earnings results on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $896.40 million during the quarter, compared to the consensus estimate of $860.68 million. During the same quarter in the prior year, the firm earned $1.01 EPS. The company's revenue was down 15.4% compared to the same quarter last year. On average, research analysts expect that The Carlyle Group Inc. will post 3.93 earnings per share 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. Shareholders 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 dividend yield of 3.18%. The Carlyle Group's dividend payout ratio is currently -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.