Price T Rowe Associates Inc. MD Increases Stake in The Carlyle Group Inc. (NASDAQ:CG)

Price T Rowe Associates Inc. MD boosted its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 9.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,185 shares of the financial services provider's stock after acquiring an additional 12,131 shares during the period. Price T Rowe Associates Inc. MD's holdings in The Carlyle Group were worth $6,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Golden State Wealth Management LLC bought a new position in shares of The Carlyle Group during the 4th quarter worth approximately $25,000. National Pension Service purchased a new position in The Carlyle Group during the 4th quarter worth $25,000. Valley National Advisers Inc. increased its position in The Carlyle Group by 149.3% during the 4th quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider's stock valued at $27,000 after buying an additional 327 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in The Carlyle Group by 253.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider's stock worth $29,000 after acquiring an additional 405 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB grew its stake in shares of The Carlyle Group by 8,090.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider's stock worth $45,000 after acquiring an additional 890 shares during the last quarter. Institutional investors own 55.88% of the company's stock.

The Carlyle Group Stock Up 4.1 %

Shares of NASDAQ:CG opened at $40.76 on Friday. The company has a market capitalization of $14.71 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 0.98 and a beta of 1.72. The Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month high of $57.50. The business has a 50-day moving average price of $41.10 and a 200 day moving average price of $48.33. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.42.

The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. Sell-side analysts expect that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group's payout ratio is 50.36%.

Analysts Set New Price Targets

CG has been the topic of several research analyst reports. StockNews.com downgraded shares of The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Citigroup dropped their price target on The Carlyle Group from $55.00 to $39.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. JMP Securities decreased their target price on The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Morgan Stanley cut their price target on shares of The Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Finally, Bank of America cut their price objective on shares of The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating on the stock in a research note on Friday, April 4th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $50.88.

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.

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