Bank of America Corp DE Acquires 30,386 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Bank of America Corp DE boosted its stake in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 764,394 shares of the financial services provider's stock after buying an additional 30,386 shares during the period. Bank of America Corp DE owned 0.21% of The Carlyle Group worth $38,594,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CG. Bearing Point Capital LLC bought a new position in The Carlyle Group during the fourth quarter valued at about $483,000. Benjamin Edwards Inc. boosted its stake in The Carlyle Group by 28.1% during the fourth quarter. Benjamin Edwards Inc. now owns 23,072 shares of the financial services provider's stock valued at $1,165,000 after buying an additional 5,061 shares in the last quarter. BNP Paribas Financial Markets bought a new position in The Carlyle Group during the fourth quarter valued at about $4,227,000. Ameriprise Financial Inc. boosted its stake in The Carlyle Group by 8.1% during the fourth quarter. Ameriprise Financial Inc. now owns 2,237,249 shares of the financial services provider's stock valued at $112,959,000 after buying an additional 167,331 shares in the last quarter. Finally, AXA S.A. purchased a new position in The Carlyle Group in the 4th quarter worth about $541,000. 55.88% of the stock is owned by institutional investors and hedge funds.

The Carlyle Group Price Performance

NASDAQ CG traded up $0.42 during midday trading on Friday, hitting $47.42. The company had a trading volume of 3,457,425 shares, compared to its average volume of 2,635,935. The company has a market capitalization of $17.13 billion, a PE ratio of 17.06, a P/E/G ratio of 0.98 and a beta of 1.85. 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 firm has a 50-day moving average price of $40.74 and a 200-day moving average price of $47.84. The Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $57.50.

The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly earnings data 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 business 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 Carlyle Group's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 EPS. As a group, analysts anticipate that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.95%. The ex-dividend date is Monday, May 19th. The Carlyle Group's payout ratio is presently 47.46%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wells Fargo & Company lowered their target price on The Carlyle Group from $48.00 to $39.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Evercore ISI raised their target price on 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 lowered their target price on The Carlyle Group from $55.00 to $39.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. 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 report on Friday, May 9th. Finally, StockNews.com lowered The Carlyle Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Two research analysts have 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.com, The Carlyle Group currently has a consensus rating of "Hold" and an average target price of $52.33.

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.