The Carlyle Group Inc. (NASDAQ:CG) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its position in The Carlyle Group Inc. (NASDAQ:CG) by 7.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 95,047 shares of the financial services provider’s stock after purchasing an additional 6,276 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in The Carlyle Group were worth $3,867,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Teacher Retirement System of Texas grew its holdings in The Carlyle Group by 2.3% during the third quarter. Teacher Retirement System of Texas now owns 16,797 shares of the financial services provider’s stock worth $507,000 after acquiring an additional 372 shares during the period. Fifth Third Bancorp grew its holdings in The Carlyle Group by 25.6% during the fourth quarter. Fifth Third Bancorp now owns 2,191 shares of the financial services provider’s stock worth $89,000 after acquiring an additional 446 shares during the period. AdvisorNet Financial Inc grew its holdings 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 during the period. Bank Julius Baer & Co. Ltd Zurich grew its holdings in The Carlyle Group by 3.1% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 15,184 shares of the financial services provider’s stock worth $458,000 after acquiring an additional 460 shares during the period. Finally, Treasurer of the State of North Carolina grew its holdings in The Carlyle Group by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 92,654 shares of the financial services provider’s stock worth $2,794,000 after acquiring an additional 470 shares during the period. 55.88% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other The Carlyle Group news, major shareholder Carlyle Group Inc. bought 190,000 shares of the business’s stock in a transaction on 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 purchase, the insider now directly owns 1,066,189 shares in the company, valued at $13,807,147.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 27.00% of the stock is owned by insiders.

The Carlyle Group Stock Performance

Shares of The Carlyle Group stock opened at $45.20 on Tuesday. The Carlyle Group Inc. has a one year low of $25.20 and a one year high of $48.52. The company has a market cap of $16.37 billion, a price-to-earnings ratio of -26.75, a PEG ratio of 0.94 and a beta of 1.79. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.27 and a current ratio of 2.27. The business’s 50 day moving average price is $45.79 and its 200 day moving average price is $39.25.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $896.40 million for the quarter, compared to the consensus estimate of $860.68 million. During the same quarter last year, the business posted $1.01 earnings per share. The firm’s revenue was down 15.4% compared to the same quarter last year. On average, research analysts predict that The Carlyle Group Inc. will post 3.93 EPS for the current year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 23rd were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.40 annualized dividend and a yield of 3.10%. The Carlyle Group’s dividend payout ratio (DPR) is -82.84%.

Analysts Set New Price Targets

A number of brokerages have issued reports on CG. UBS Group increased their price target on The Carlyle Group from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. JPMorgan Chase & Co. increased their price target on The Carlyle Group from $39.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. TheStreet downgraded The Carlyle Group from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. TD Cowen began coverage on The Carlyle Group in a research report on Thursday, January 4th. They set a “market perform” rating and a $42.00 price target on the stock. Finally, JMP Securities increased their price target on The Carlyle Group from $52.00 to $58.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $43.07.

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.