Mutual of America Capital Management LLC Takes Position in The Carlyle Group Inc. (NASDAQ:CG)

Mutual of America Capital Management LLC bought a new stake in shares of The Carlyle Group Inc. (NASDAQ:CG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 132,953 shares of the financial services provider’s stock, valued at approximately $5,410,000.

A number of other large investors have also recently modified their holdings of the stock. AdvisorNet Financial Inc boosted its stake in The Carlyle Group by 125.5% during the third quarter. AdvisorNet Financial Inc now owns 814 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 453 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in The Carlyle Group during the first quarter worth about $31,000. CVA Family Office LLC bought a new stake in The Carlyle Group during the fourth quarter worth about $35,000. UniSuper Management Pty Ltd bought a new stake in The Carlyle Group during the second quarter worth about $45,000. Finally, Clear Street Markets LLC bought a new stake in The Carlyle Group during the third quarter worth about $50,000. Institutional investors own 55.88% of the company’s stock.

The Carlyle Group Stock Performance

CG opened at $45.79 on Monday. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.27 and a quick ratio of 2.27. The firm has a fifty day moving average price of $45.65 and a 200 day moving average price of $38.63. The Carlyle Group Inc. has a 1 year low of $25.20 and a 1 year high of $48.52. The stock has a market cap of $16.58 billion, a P/E ratio of -27.09, a P/E/G ratio of 0.98 and a beta of 1.79.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.78 by $0.08. The Carlyle Group had a negative net margin of 20.53% and a positive return on equity of 19.74%. The company had revenue of $896.40 million during the quarter, compared to analyst estimates of $860.68 million. During the same quarter in the previous year, the firm earned $1.01 EPS. The firm’s revenue was down 15.4% compared to the same quarter last year. Equities research analysts anticipate that The Carlyle Group Inc. will post 3.93 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 23rd were given a dividend of $0.35 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.40 annualized dividend and a dividend yield of 3.06%. The Carlyle Group’s payout ratio is -82.84%.

Insider Activity

In other news, major shareholder Carlyle Group Inc. purchased 190,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were purchased at an average price of $12.95 per share, with a total value of $2,460,500.00. Following the transaction, the insider now owns 1,066,189 shares in the company, valued at approximately $13,807,147.55. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 27.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CG. Barclays upped their target price on shares of The Carlyle Group from $55.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Citigroup increased their price objective on shares of The Carlyle Group from $41.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. JPMorgan Chase & Co. increased their price objective on shares of The Carlyle Group from $39.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. UBS Group increased their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday. Finally, JMP Securities increased their price objective on shares of The Carlyle Group from $52.00 to $58.00 and gave the company a “market outperform” rating in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, The Carlyle Group has an average rating of “Hold” and an average target price of $43.07.

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.