Stifel Financial Corp Buys 60,173 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Stifel Financial Corp grew its stake in The Carlyle Group Inc. (NASDAQ:CGFree Report) by 41.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 203,840 shares of the financial services provider’s stock after acquiring an additional 60,173 shares during the quarter. Stifel Financial Corp owned 0.06% of The Carlyle Group worth $8,294,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Tokio Marine Asset Management Co. Ltd. increased its stake in The Carlyle Group by 4.4% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,175 shares of the financial services provider’s stock worth $373,000 after purchasing an additional 385 shares in the last quarter. Western Pacific Wealth Management LP increased its stake in The Carlyle Group by 22.4% during the 4th quarter. Western Pacific Wealth Management LP now owns 2,134 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 391 shares in the last quarter. New York Life Investment Management LLC increased its stake in The Carlyle Group by 1.8% during the 4th quarter. New York Life Investment Management LLC now owns 21,848 shares of the financial services provider’s stock worth $889,000 after purchasing an additional 393 shares in the last quarter. Fifth Third Bancorp increased its stake in 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 worth $89,000 after purchasing an additional 446 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich grew its stake 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 worth $458,000 after acquiring an additional 460 shares in the last quarter. 55.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on CG. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $48.00 price target (down from $50.00) on shares of The Carlyle Group in a research note on Thursday, May 2nd. JPMorgan Chase & Co. raised their price target on shares of The Carlyle Group from $39.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Citigroup raised their price target on shares of The Carlyle Group from $41.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. UBS Group raised 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 note on Friday, April 12th. Finally, JMP Securities increased their price objective on The Carlyle Group from $52.00 to $58.00 and gave the company a “market outperform” rating in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $45.60.

Get Our Latest Stock Analysis on CG

The Carlyle Group Stock Down 3.6 %

Shares of NASDAQ CG opened at $41.33 on Friday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.53 and a current ratio of 2.53. The Carlyle Group Inc. has a 52 week low of $27.13 and a 52 week high of $48.52. The stock has a market capitalization of $14.87 billion, a P/E ratio of -23.09, a PEG ratio of 1.19 and a beta of 1.77. The stock’s fifty day moving average is $44.23 and its 200 day moving average is $42.31.

The Carlyle Group (NASDAQ:CGGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.09. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $986.10 million. During the same quarter last year, the business earned $0.63 earnings per share. The Carlyle Group’s revenue was up 35.6% on a year-over-year basis. Sell-side analysts forecast that The Carlyle Group Inc. will post 3.9 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date was Monday, May 13th. The Carlyle Group’s payout ratio is -78.21%.

The Carlyle Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for The Carlyle Group (NASDAQ:CG)

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