The Carlyle Group Inc. (NASDAQ:CG) Shares Acquired by Capital World Investors

Capital World Investors grew its position in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,778,358 shares of the financial services provider's stock after purchasing an additional 50,784 shares during the period. Capital World Investors owned approximately 5.53% of The Carlyle Group worth $998,609,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Management Group LLP boosted its position in The Carlyle Group by 32.8% in the 3rd quarter. Wellington Management Group LLP now owns 8,320 shares of the financial services provider's stock valued at $358,000 after buying an additional 2,055 shares during the period. MML Investors Services LLC raised its stake in shares of The Carlyle Group by 11.0% in the third quarter. MML Investors Services LLC now owns 17,085 shares of the financial services provider's stock valued at $736,000 after acquiring an additional 1,688 shares in the last quarter. Tidal Investments LLC acquired a new position in The Carlyle Group during the 3rd quarter worth $212,000. Franklin Resources Inc. increased its holdings in The Carlyle Group by 145.6% during the 3rd quarter. Franklin Resources Inc. now owns 28,210 shares of the financial services provider's stock worth $1,215,000 after purchasing an additional 16,723 shares during the period. Finally, B. Riley Wealth Advisors Inc. raised its position in The Carlyle Group by 4.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 12,864 shares of the financial services provider's stock valued at $559,000 after purchasing an additional 495 shares in the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

The Carlyle Group Stock Performance

Shares of The Carlyle Group stock traded up $0.56 on Friday, reaching $39.35. 629,073 shares of the stock were exchanged, compared to its average volume of 2,587,978. 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 market capitalization of $14.21 billion, a PE ratio of 14.12, a PEG ratio of 0.98 and a beta of 1.72. The Carlyle Group Inc. has a 1-year low of $33.02 and a 1-year high of $57.50. The business has a fifty day moving average price of $42.51 and a two-hundred day moving average price of $48.69.

The Carlyle Group (NASDAQ:CG - Get Free Report) last released its earnings results on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing analysts' consensus estimates of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. As a group, research analysts anticipate that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a dividend of $0.35 per share. The ex-dividend date was Friday, February 21st. This represents a $1.40 annualized dividend and a yield of 3.56%. The Carlyle Group's dividend payout ratio is presently 50.36%.

Analysts Set New Price Targets

A number of research firms recently weighed in on CG. TD Cowen cut their target price on shares of The Carlyle Group from $54.00 to $37.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Oppenheimer cut The Carlyle Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. StockNews.com cut The Carlyle Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. JMP Securities lowered their target price 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. Finally, Wolfe Research upgraded shares of The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 price target on the stock in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $50.71.

The Carlyle Group 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.