Retirement Systems of Alabama Invests $11.03 Million in The Carlyle Group Inc. (NASDAQ:CG)

Retirement Systems of Alabama bought a new stake in The Carlyle Group Inc. (NASDAQ:CG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 271,128 shares of the financial services provider's stock, valued at approximately $11,032,000. Retirement Systems of Alabama owned approximately 0.08% of The Carlyle Group at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. William Blair Investment Management LLC boosted its position in shares of The Carlyle Group by 65.9% during the 3rd quarter. William Blair Investment Management LLC now owns 8,877,428 shares of the financial services provider's stock worth $267,743,000 after acquiring an additional 3,524,794 shares in the last quarter. Ariel Investments LLC lifted its stake in shares of The Carlyle Group by 16.9% in the 3rd quarter. Ariel Investments LLC now owns 6,364,528 shares of the financial services provider's stock valued at $191,954,000 after purchasing an additional 918,114 shares during the period. FMR LLC lifted its position in shares of The Carlyle Group by 11.0% during the 3rd quarter. FMR LLC now owns 2,134,653 shares of the financial services provider's stock valued at $64,381,000 after acquiring an additional 211,210 shares during the period. Northern Trust Corp raised its stake in The Carlyle Group by 1.3% during the 3rd quarter. Northern Trust Corp now owns 1,571,464 shares of the financial services provider's stock worth $47,395,000 after buying an additional 20,915 shares during the period. Finally, LGT Capital Partners LTD. raised its holdings in shares of The Carlyle Group by 1.5% in the 4th quarter. LGT Capital Partners LTD. now owns 1,420,500 shares of the financial services provider's stock worth $57,800,000 after acquiring an additional 20,500 shares during the last quarter. Institutional investors own 55.88% of the company's stock.

Wall Street Analysts Forecast Growth

CG has been the topic of a number of research reports. Morgan Stanley boosted their price objective 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. Oppenheimer cut their target price on The Carlyle Group from $74.00 to $68.00 and set an "outperform" rating for the company in a research note on Thursday. Citigroup boosted their price objective on The Carlyle Group from $41.00 to $45.00 and gave the company a "neutral" rating in a research report on Thursday, February 8th. TD Cowen cut their price target on shares of The Carlyle Group from $49.00 to $45.00 and set a "hold" rating on the stock in a report on Thursday. Finally, Barclays decreased their target price on The Carlyle Group from $56.00 to $47.00 and set an "overweight" rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, The Carlyle Group has a consensus rating of "Hold" and a consensus price target of $44.25.

The Carlyle Group Trading Up 1.2 %

CG stock traded up $0.48 during trading on Friday, reaching $41.06. 2,766,223 shares of the stock were exchanged, compared to its average volume of 2,301,657. The Carlyle Group Inc. has a 1 year low of $25.20 and a 1 year high of $48.52. The firm has a market capitalization of $14.87 billion, a price-to-earnings ratio of -22.94, a P/E/G ratio of 0.87 and a beta of 1.77. The business has a 50 day moving average price of $45.82 and a 200-day moving average price of $39.94. The company has a current ratio of 2.53, a quick ratio of 2.27 and a debt-to-equity ratio of 1.53.

The Carlyle Group (NASDAQ:CG - Get Free Report) last posted its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.09. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $986.10 million. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The Carlyle Group's revenue was up 35.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 EPS. On average, research analysts predict that The Carlyle Group Inc. will post 3.97 earnings per share for the current year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Monday, May 13th. The Carlyle Group's dividend payout ratio (DPR) is presently -78.21%.

Insider Transactions at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. purchased 190,000 shares of the company's stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average price of $12.95 per share, for a total transaction of $2,460,500.00. Following the transaction, the insider now directly owns 1,066,189 shares of the company's stock, valued at approximately $13,807,147.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 27.20% of the company's stock.

About The Carlyle Group

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.