New York Life Investment Management LLC Purchases 393 Shares of The Carlyle Group Inc. (NASDAQ:CG)

New York Life Investment Management LLC raised its position in The Carlyle Group Inc. (NASDAQ:CG) by 1.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 21,848 shares of the financial services provider’s stock after buying an additional 393 shares during the quarter. New York Life Investment Management LLC’s holdings in The Carlyle Group were worth $889,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. CVA Family Office LLC bought a new stake in shares of The Carlyle Group during the 4th quarter valued at approximately $35,000. GAMMA Investing LLC bought a new stake in shares of The Carlyle Group during the 4th quarter valued at approximately $38,000. Clear Street Markets LLC bought a new stake in shares of The Carlyle Group during the 3rd quarter valued at approximately $50,000. Ramirez Asset Management Inc. bought a new stake in shares of The Carlyle Group during the 3rd quarter valued at approximately $84,000. Finally, Banque Cantonale Vaudoise grew its holdings in shares of The Carlyle Group by 25.8% during the 3rd quarter. Banque Cantonale Vaudoise now owns 2,893 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 593 shares during the last quarter. 55.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. UBS Group boosted their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Morgan Stanley boosted their price target on shares of The Carlyle Group from $34.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. The Goldman Sachs Group dropped their target price on shares of The Carlyle Group from $54.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. TheStreet downgraded shares of The Carlyle Group from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. Finally, TD Cowen lowered their price objective on shares of The Carlyle Group from $49.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $44.73.

The Carlyle Group Stock Performance

NASDAQ CG opened at $41.48 on Thursday. The firm has a market cap of $15.02 billion, a price-to-earnings ratio of -23.17, a PEG ratio of 1.01 and a beta of 1.77. The company has a fifty day moving average price of $45.59 and a 200-day moving average price of $40.37. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.53 and a quick ratio of 2.27. The Carlyle Group Inc. has a 1 year low of $25.47 and a 1 year high of $48.52.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.09. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $986.10 million. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The firm’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.63 earnings per share. As a group, equities research analysts predict that The Carlyle Group Inc. will post 3.94 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th will be given a dividend of $0.35 per share. The ex-dividend date is Monday, May 13th. This represents a $1.40 annualized dividend and a yield of 3.38%. The Carlyle Group’s payout ratio is currently -78.21%.

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.