Norges Bank Invests $130.77 Million in The Carlyle Group Inc. (NASDAQ:CG)

Norges Bank acquired a new stake in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,213,827 shares of the financial services provider's stock, valued at approximately $130,771,000. Norges Bank owned about 0.89% of The Carlyle Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Securian Asset Management Inc. bought a new position in shares of The Carlyle Group during the 4th quarter valued at about $742,000. Vanguard Personalized Indexing Management LLC raised its position in shares of The Carlyle Group by 37.6% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 10,897 shares of the financial services provider's stock valued at $443,000 after buying an additional 2,980 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of The Carlyle Group by 24.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105,438 shares of the financial services provider's stock valued at $4,119,000 after buying an additional 20,846 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of The Carlyle Group by 4,693.0% during the 4th quarter. Principal Financial Group Inc. now owns 794,438 shares of the financial services provider's stock valued at $32,326,000 after buying an additional 777,863 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of The Carlyle Group by 3.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,368,100 shares of the financial services provider's stock valued at $96,375,000 after buying an additional 84,080 shares in the last quarter. Institutional investors own 55.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. TheStreet lowered shares of The Carlyle Group from a "b-" rating to a "c" rating in a research report on Wednesday, February 7th. 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 report on Thursday, February 8th. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $48.00 target price (down from $50.00) on shares of The Carlyle Group in a research note on Thursday, May 2nd. The Goldman Sachs Group dropped their target price on shares of The Carlyle Group from $54.00 to $48.00 and set a "buy" rating on the stock in a research note on Thursday, May 2nd. Finally, Barclays dropped their target price on shares of The Carlyle Group from $56.00 to $47.00 and set an "overweight" rating on the stock in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, The Carlyle Group presently has an average rating of "Hold" and a consensus target price of $45.60.

The Carlyle Group Stock Performance

Shares of The Carlyle Group stock traded up $0.59 during trading on Friday, hitting $44.55. 1,066,636 shares of the company's stock were exchanged, compared to its average volume of 2,231,436. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.53 and a current ratio of 2.53. The business has a 50-day simple moving average of $44.87 and a 200-day simple moving average of $41.55. The Carlyle Group Inc. has a 52-week low of $27.13 and a 52-week high of $48.52. The stock has a market capitalization of $16.03 billion, a price-to-earnings ratio of -24.89, a PEG ratio of 1.22 and a beta of 1.77.

The Carlyle Group (NASDAQ:CG - Get Free Report) last issued 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 Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The firm had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $986.10 million. During the same quarter last year, the company posted $0.63 earnings per share. The firm's revenue was up 35.6% compared to the same quarter last year. On average, research analysts forecast that The Carlyle Group Inc. will post 3.92 EPS for the current year.

The Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 14th were issued a $0.35 dividend. The ex-dividend date of this dividend was Monday, May 13th. This represents a $1.40 dividend on an annualized basis and a yield of 3.14%. The Carlyle Group's payout ratio is -78.21%.

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.