The Carlyle Group Inc. (NASDAQ:CG) Shares Purchased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,175 shares of the financial services provider’s stock after acquiring an additional 385 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in The Carlyle Group were worth $373,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CVA Family Office LLC acquired a new stake in The Carlyle Group during the fourth quarter valued at $35,000. GAMMA Investing LLC acquired a new stake in The Carlyle Group during the fourth quarter valued at $38,000. Clear Street Markets LLC acquired a new stake in The Carlyle Group during the third quarter valued at $50,000. Ramirez Asset Management Inc. acquired a new stake in The Carlyle Group during the third quarter valued at $84,000. Finally, Banque Cantonale Vaudoise grew its position in The Carlyle Group by 25.8% during the third quarter. Banque Cantonale Vaudoise now owns 2,893 shares of the financial services provider’s stock valued at $87,000 after buying an additional 593 shares during the period. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Price Performance

Shares of CG stock opened at $46.11 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’s 50-day moving average is $45.94 and its two-hundred day moving average is $39.70. The Carlyle Group Inc. has a 12 month low of $25.20 and a 12 month high of $48.52. The company has a market capitalization of $16.70 billion, a PE ratio of -27.28, a price-to-earnings-growth ratio of 0.98 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 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $860.68 million. During the same period in the previous year, the firm earned $1.01 earnings per share. The Carlyle Group’s quarterly revenue was down 15.4% compared to the same quarter last year. Analysts predict that The Carlyle Group Inc. will post 3.97 earnings per share for the current year.

The Carlyle Group Announces Dividend

The company 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. This represents a $1.40 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend was Thursday, February 22nd. The Carlyle Group’s dividend payout ratio (DPR) is presently -82.84%.

Analyst Upgrades and Downgrades

Several research firms recently commented on CG. UBS Group raised their price target 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, April 12th. JPMorgan Chase & Co. lifted their target price 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. JMP Securities lifted 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 research report on Thursday, February 8th. Morgan Stanley lifted their target price on shares of The Carlyle Group from $34.00 to $40.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Finally, TD Cowen assumed coverage on shares of The Carlyle Group in a research report on Thursday, January 4th. They issued a “market perform” rating and a $42.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, The Carlyle Group currently has an average rating of “Hold” and an average target price of $43.07.

Insider Buying and Selling at The Carlyle Group

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

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.