Frontier Capital Management Co. LLC Purchases 1,220,827 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Frontier Capital Management Co. LLC increased its position in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 98.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,455,963 shares of the financial services provider's stock after acquiring an additional 1,220,827 shares during the period. The Carlyle Group makes up 1.2% of Frontier Capital Management Co. LLC's portfolio, making the stock its 10th biggest position. Frontier Capital Management Co. LLC owned approximately 0.69% of The Carlyle Group worth $124,002,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Arizona State Retirement System lifted its stake in The Carlyle Group by 0.3% during the fourth quarter. Arizona State Retirement System now owns 67,239 shares of the financial services provider's stock worth $3,395,000 after purchasing an additional 220 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in The Carlyle Group by 0.3% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 80,820 shares of the financial services provider's stock valued at $4,081,000 after acquiring an additional 225 shares in the last quarter. Aviva PLC increased its position in shares of The Carlyle Group by 1.3% during the 4th quarter. Aviva PLC now owns 17,408 shares of the financial services provider's stock worth $879,000 after purchasing an additional 227 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of The Carlyle Group by 0.6% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 46,607 shares of the financial services provider's stock worth $2,353,000 after acquiring an additional 258 shares during the last quarter. Finally, O ROURKE & COMPANY Inc lifted its holdings in The Carlyle Group by 1.5% during the 4th quarter. O ROURKE & COMPANY Inc now owns 17,990 shares of the financial services provider's stock worth $908,000 after purchasing an additional 266 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CG shares. Oppenheimer lowered shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Barclays boosted their price objective on The Carlyle Group from $43.00 to $49.00 and gave the company an "overweight" rating in a research note on Friday. Bank of America reduced their price target on shares of 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. Morgan Stanley cut their target price on The Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Finally, JMP Securities decreased their price objective on shares of The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, The Carlyle Group currently has a consensus rating of "Hold" and a consensus target price of $51.73.

The Carlyle Group Stock Performance

Shares of CG traded up $0.78 during midday trading on Friday, hitting $42.04. 2,587,048 shares of the stock traded hands, compared to its average volume of 2,606,143. The business's 50 day moving average price is $40.35 and its two-hundred day moving average price is $47.99. The firm has a market capitalization of $15.17 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 0.98 and a beta of 1.85. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32. The Carlyle Group Inc. has a 1-year low of $33.02 and a 1-year high of $57.50.

The Carlyle Group (NASDAQ:CG - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.17. The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. The business had revenue of $973.10 million during the quarter, compared to analyst estimates of $972.27 million. During the same period in the previous year, the company earned $1.01 EPS. The firm's revenue was up 2.0% on a year-over-year basis. Equities research analysts predict that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

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

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.