State Board of Administration of Florida Retirement System Raises Holdings in The Carlyle Group Inc. (NASDAQ:CG)

State Board of Administration of Florida Retirement System raised its holdings in The Carlyle Group Inc. (NASDAQ:CG – Get Rating) by 13.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 105,212 shares of the financial services provider’s stock after purchasing an additional 12,160 shares during the period. State Board of Administration of Florida Retirement System’s holdings in The Carlyle Group were worth $3,140,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in The Carlyle Group by 6.0% in the third quarter. Vanguard Group Inc. now owns 24,132,777 shares of the financial services provider’s stock valued at $623,591,000 after purchasing an additional 1,376,229 shares during the period. BlackRock Inc. boosted its stake in shares of The Carlyle Group by 7.2% in the first quarter. BlackRock Inc. now owns 15,257,115 shares of the financial services provider’s stock worth $746,227,000 after acquiring an additional 1,020,504 shares during the last quarter. State Street Corp boosted its stake in shares of The Carlyle Group by 13.2% in the third quarter. State Street Corp now owns 5,193,757 shares of the financial services provider’s stock worth $134,207,000 after acquiring an additional 605,112 shares during the last quarter. Beutel Goodman & Co Ltd. acquired a new stake in shares of The Carlyle Group in the third quarter worth approximately $106,404,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of The Carlyle Group by 22.9% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,541,955 shares of the financial services provider’s stock worth $65,684,000 after acquiring an additional 473,609 shares during the last quarter. 52.69% of the stock is owned by institutional investors and hedge funds.

The Carlyle Group Trading Up 2.3 %

CG opened at $27.03 on Friday. The Carlyle Group Inc. has a 12 month low of $24.59 and a 12 month high of $40.73. The stock has a market capitalization of $9.79 billion, a price-to-earnings ratio of 13.06 and a beta of 1.67. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.82 and a quick ratio of 2.80. The business has a fifty day moving average price of $30.00 and a 200 day moving average price of $31.06.

The Carlyle Group (NASDAQ:CG – Get Rating) last released its quarterly earnings data on Thursday, May 4th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.02). The Carlyle Group had a return on equity of 25.89% and a net margin of 20.29%. The business had revenue of $754.20 million for the quarter, compared to analyst estimates of $805.50 million. During the same period in the prior year, the company posted $0.74 earnings per share. The company’s revenue was down 3.2% compared to the same quarter last year. Sell-side analysts expect that The Carlyle Group Inc. will post 3.15 earnings per share for the current fiscal year.

The Carlyle Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 23rd. Stockholders of record on Tuesday, May 16th will be issued a $0.35 dividend. This is an increase from The Carlyle Group’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a dividend yield of 5.18%. The ex-dividend date of this dividend is Monday, May 15th. The Carlyle Group’s payout ratio is presently 67.63%.

Wall Street Analyst Weigh In

CG has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on The Carlyle Group from $41.00 to $39.00 in a research note on Friday, May 5th. JMP Securities reduced their price objective on The Carlyle Group from $54.00 to $52.00 in a research report on Friday, May 5th. Oppenheimer lifted their price objective on The Carlyle Group from $64.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, April 13th. 500.com reiterated a “maintains” rating on shares of The Carlyle Group in a research report on Friday, May 5th. Finally, Bank of America reduced their target price on The Carlyle Group from $34.00 to $33.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 5th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, The Carlyle Group presently has an average rating of “Hold” and an average target price of $38.31.

Insider Activity

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 2,000,000 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $86.12, for a total transaction of $172,240,000.00. Following the completion of the sale, the insider now directly owns 6,482,732 shares of the company’s stock, valued at approximately $558,292,879.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 27.00% of the company’s stock.

About The Carlyle Group

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The Carlyle Group, Inc engages in multi-product global alternative asset management. It operates through the following segments: Corporate Private Equity, Real Assets, Global Credit, and Investment Solutions. The Corporate Private Equity segment focuses on buyout, and growth capital funds, which pursue a variety of corporate investments of different sizes and growth potentials.