14,680 Shares in The Carlyle Group Inc. (NASDAQ:CG) Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new position in The Carlyle Group Inc. (NASDAQ:CG) during the 4th quarter, HoldingsChannel reports. The fund acquired 14,680 shares of the financial services provider’s stock, valued at approximately $597,000.

Several other institutional investors also recently bought and sold shares of the company. Teacher Retirement System of Texas boosted its holdings in shares of The Carlyle Group by 2.3% during the 3rd quarter. Teacher Retirement System of Texas now owns 16,797 shares of the financial services provider’s stock worth $507,000 after purchasing an additional 372 shares during the last quarter. Fifth Third Bancorp raised its position in shares of The Carlyle Group by 25.6% during the 4th quarter. Fifth Third Bancorp now owns 2,191 shares of the financial services provider’s stock valued at $89,000 after buying an additional 446 shares during the period. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of The Carlyle Group by 3.1% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 15,184 shares of the financial services provider’s stock valued at $458,000 after buying an additional 460 shares during the period. Treasurer of the State of North Carolina raised its position in shares of The Carlyle Group by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 92,654 shares of the financial services provider’s stock valued at $2,794,000 after buying an additional 470 shares during the period. Finally, Herbst Group LLC raised its position in shares of The Carlyle Group by 1.5% during the 4th quarter. Herbst Group LLC now owns 32,900 shares of the financial services provider’s stock valued at $1,339,000 after buying an additional 500 shares during the period. 55.88% of the stock is currently owned by institutional investors and hedge funds.

The Carlyle Group Stock Down 1.1 %

The Carlyle Group stock opened at $45.62 on Friday. The Carlyle Group Inc. has a twelve month low of $25.20 and a twelve month high of $48.52. The stock’s fifty day simple moving average is $45.91 and its 200-day simple moving average is $39.46. 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 capitalization of $16.52 billion, a P/E ratio of -26.99, a P/E/G ratio of 0.99 and a beta of 1.79.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share 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 business had revenue of $896.40 million for the quarter, compared to analyst estimates of $860.68 million. During the same quarter in the prior year, the company earned $1.01 earnings per share. The company’s revenue was down 15.4% on a year-over-year basis. As a group, equities analysts expect that The Carlyle Group Inc. will post 3.95 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 23rd were paid a dividend of $0.35 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.07%. The Carlyle Group’s payout ratio is currently -82.84%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

CG has been the topic of several analyst reports. Barclays lifted their price target on shares of The Carlyle Group from $55.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Citigroup lifted their price target 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. TD Cowen assumed coverage on shares of 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. JPMorgan Chase & Co. boosted their target price on The Carlyle Group from $39.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Finally, UBS Group boosted their target price on The Carlyle Group from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently 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.