New York State Teachers Retirement System Purchases New Shares in The Carlyle Group Inc. (NASDAQ:CG)

New York State Teachers Retirement System acquired a new stake in The Carlyle Group Inc. (NASDAQ:CG) during the fourth quarter, HoldingsChannel reports. The firm acquired 33,146 shares of the financial services provider’s stock, valued at approximately $1,349,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CG. AdvisorNet Financial Inc lifted its stake in shares of The Carlyle Group by 125.5% in the 3rd quarter. AdvisorNet Financial Inc now owns 814 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 453 shares during the period. Sunbelt Securities Inc. purchased a new stake in The Carlyle Group in the 1st quarter valued at approximately $31,000. CVA Family Office LLC acquired a new position in The Carlyle Group during the 4th quarter worth approximately $35,000. UniSuper Management Pty Ltd purchased a new position in shares of The Carlyle Group during the 2nd quarter worth approximately $45,000. Finally, Clear Street Markets LLC purchased a new stake in shares of The Carlyle Group in the third quarter valued at approximately $50,000. 55.88% of the stock is owned by hedge funds and other institutional investors.

The Carlyle Group Price Performance

NASDAQ:CG opened at $44.63 on Thursday. The Carlyle Group Inc. has a 12-month low of $25.20 and a 12-month high of $48.52. The company’s 50-day moving average is $45.85 and its two-hundred day moving average is $38.88. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.52. The firm has a market cap of $16.16 billion, a price-to-earnings ratio of -26.41, a price-to-earnings-growth ratio of 0.97 and a beta of 1.79.

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

The Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 23rd were issued a $0.35 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.40 annualized dividend and a yield of 3.14%. The Carlyle Group’s payout ratio is -82.84%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CG shares. Barclays boosted 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 report on Monday, April 8th. JMP Securities increased their target price on shares of The Carlyle Group from $52.00 to $58.00 and gave the company a “market outperform” rating in a report on Thursday, February 8th. TheStreet lowered The Carlyle Group from a “b-” rating to a “c” rating in a research note on Wednesday, February 7th. Citigroup raised their price objective on The Carlyle Group from $41.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Finally, TD Cowen initiated coverage on The Carlyle Group in a research report on Thursday, January 4th. They set a “market perform” rating and a $42.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $43.07.

Insider Transactions at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. bought 190,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was bought at an average price of $12.95 per share, with a total value of $2,460,500.00. Following the completion of the transaction, the insider now directly owns 1,066,189 shares of the company’s stock, valued at $13,807,147.55. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 27.00% of the company’s stock.

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.