The Carlyle Group Inc. (NASDAQ:CG) Holdings Lifted by Comerica Bank

Comerica Bank increased its stake in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 101.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 199,879 shares of the financial services provider's stock after purchasing an additional 100,680 shares during the quarter. Comerica Bank owned approximately 0.06% of The Carlyle Group worth $10,092,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CG. Massachusetts Financial Services Co. MA lifted its stake in The Carlyle Group by 201.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,351,432 shares of the financial services provider's stock valued at $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 worth $668,990,000 after acquiring an additional 1,773,465 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of The Carlyle Group during the 4th quarter worth about $83,784,000. Norges Bank purchased a new position in shares of The Carlyle Group in the 4th quarter valued at about $44,532,000. Finally, JPMorgan Chase & Co. raised its holdings in The Carlyle Group by 68.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider's stock worth $82,651,000 after purchasing an additional 777,304 shares during the period. Hedge funds and other institutional investors own 55.88% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CG shares. StockNews.com cut shares of The Carlyle Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Wells Fargo & Company decreased their price target on shares of 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. Oppenheimer cut The Carlyle Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Citigroup lowered 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. Finally, Bank of America decreased their target price 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 analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $50.88.

The Carlyle Group Trading Down 0.6 %

NASDAQ CG traded down $0.26 during mid-day trading on Monday, hitting $40.50. The company's stock had a trading volume of 2,109,131 shares, compared to its average volume of 2,580,518. The stock's fifty day simple moving average is $40.92 and its two-hundred day simple moving average is $48.23. The firm has a market capitalization of $14.62 billion, a P/E ratio of 14.57, a price-to-earnings-growth ratio of 0.98 and a beta of 1.72. The Carlyle Group Inc. has a 52-week low of $33.02 and a 52-week high of $57.50. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32.

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 earnings per share 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%. Research analysts expect that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group's dividend payout ratio (DPR) is presently 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.