Deprince Race & Zollo Inc. Has $20.32 Million Stake in The Carlyle Group Inc. (NASDAQ:CG)

Deprince Race & Zollo Inc. decreased its stake in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 50.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 402,382 shares of the financial services provider's stock after selling 415,278 shares during the period. Deprince Race & Zollo Inc. owned 0.11% of The Carlyle Group worth $20,316,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in shares of The Carlyle Group in the fourth quarter worth approximately $25,000. National Pension Service purchased a new stake in The Carlyle Group during the fourth quarter valued at about $25,000. Valley National Advisers Inc. increased its stake in The Carlyle Group by 149.3% during the fourth quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider's stock worth $27,000 after acquiring an additional 327 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of The Carlyle Group by 253.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider's stock worth $29,000 after purchasing an additional 405 shares during the period. Finally, Wilmington Savings Fund Society FSB grew its holdings in shares of The Carlyle Group by 8,090.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider's stock worth $45,000 after purchasing an additional 890 shares during the period. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

The Carlyle Group Price Performance

Shares of CG stock traded up $0.69 during midday trading on Tuesday, reaching $46.31. 940,707 shares of the company were exchanged, compared to its average volume of 2,603,258. The company's 50 day moving average price is $40.34 and its two-hundred day moving average price is $47.94. 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 company has a market cap of $16.71 billion, a P/E ratio of 16.66, a PEG ratio of 0.98 and a beta of 1.85. The Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $57.50.

The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.17. The firm had revenue of $973.10 million during 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% on a year-over-year basis. During the same period last year, the company posted $1.01 EPS. On average, sell-side analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 19th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Monday, May 19th. The Carlyle Group's payout ratio is 47.46%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CG shares. Barclays upped their price objective on shares of The Carlyle Group from $43.00 to $49.00 and gave the company an "overweight" rating in a research report on Friday. Wells Fargo & Company lowered their price objective on The Carlyle Group from $48.00 to $39.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Evercore ISI increased their target price on The Carlyle Group from $51.00 to $52.00 and gave the company an "in-line" rating in a research note on Wednesday, February 12th. TD Cowen cut their price target on shares of The Carlyle Group from $54.00 to $37.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Finally, Citigroup decreased their price objective on shares of The Carlyle Group from $55.00 to $39.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $51.07.

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.