CastleKnight Management LP Boosts Stake in The Carlyle Group Inc. (NASDAQ:CG)

CastleKnight Management LP lifted its stake in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 364.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 77,500 shares of the financial services provider's stock after purchasing an additional 60,800 shares during the quarter. CastleKnight Management LP's holdings in The Carlyle Group were worth $3,913,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its holdings in shares of The Carlyle Group by 201.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,351,432 shares of the financial services provider's stock worth $320,684,000 after acquiring an additional 4,244,131 shares during the period. William Blair Investment Management LLC raised its position in shares of The Carlyle Group by 15.5% in the fourth quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider's stock valued at $668,990,000 after buying an additional 1,773,465 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of The Carlyle Group during the fourth quarter worth $83,784,000. Norges Bank acquired a new position in shares of The Carlyle Group during the 4th quarter valued at about $44,532,000. Finally, Amundi grew its stake in shares of The Carlyle Group by 33.6% during the 4th quarter. Amundi now owns 2,364,231 shares of the financial services provider's stock valued at $123,673,000 after buying an additional 594,661 shares during the period. 55.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CG shares. JMP Securities lowered their price target on shares of 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 decreased their price objective on shares of The Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Evercore ISI lifted their price target on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an "in-line" rating in a report on Wednesday, February 12th. Citigroup decreased their target price on The Carlyle Group from $55.00 to $39.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Bank of America reduced their price objective on The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating for the company in a research report on Friday, April 4th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, The Carlyle Group presently has a consensus rating of "Hold" and a consensus price target of $51.73.

The Carlyle Group Stock Performance

NASDAQ:CG traded up $0.78 on Friday, hitting $42.04. The company's stock had a trading volume of 2,587,048 shares, compared to its average volume of 2,606,143. The Carlyle Group Inc. has a one year low of $33.02 and a one year high of $57.50. The firm has a market capitalization of $15.17 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 0.98 and a beta of 1.85. The stock has a fifty day moving average of $40.35 and a two-hundred day moving average of $47.99. 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 announced its earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.17. The company had revenue of $973.10 million for the quarter, compared to analyst estimates of $972.27 million. The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.01 earnings per share. Research analysts predict that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.

The Carlyle Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 19th will be paid a $0.35 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.40 annualized dividend and a dividend yield of 3.33%. The Carlyle Group's dividend payout ratio is 50.36%.

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.