The Manufacturers Life Insurance Company Has $23.02 Million Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

The Manufacturers Life Insurance Company raised its stake in The Carlyle Group Inc. (NASDAQ:CGFree Report) by 66.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 565,814 shares of the financial services provider’s stock after acquiring an additional 225,985 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.16% of The Carlyle Group worth $23,023,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Gold Investment Management Ltd. bought a new stake in The Carlyle Group in the 4th quarter valued at about $56,000. Treasurer of the State of North Carolina boosted its stake in shares of The Carlyle Group by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 93,564 shares of the financial services provider’s stock valued at $3,807,000 after buying an additional 910 shares during the period. Stifel Financial Corp increased its stake in The Carlyle Group by 41.9% during the 4th quarter. Stifel Financial Corp now owns 203,840 shares of the financial services provider’s stock worth $8,294,000 after acquiring an additional 60,173 shares during the period. TD Asset Management Inc grew its holdings in shares of The Carlyle Group by 2.4% during the 4th quarter. TD Asset Management Inc now owns 154,555 shares of the financial services provider’s stock worth $6,289,000 after purchasing an additional 3,630 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in The Carlyle Group by 11.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 55,777 shares of the financial services provider’s stock worth $2,270,000 after buying an additional 5,563 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

The Carlyle Group Stock Performance

NASDAQ CG opened at $40.68 on Friday. The company has a market capitalization of $14.64 billion, a price-to-earnings ratio of -22.73, a PEG ratio of 1.16 and a beta of 1.77. The Carlyle Group Inc. has a twelve month low of $27.13 and a twelve month high of $48.52. The stock has a fifty day simple moving average of $44.10 and a 200 day simple moving average of $42.37. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 1.53.

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

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 14th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend was Monday, May 13th. The Carlyle Group’s dividend payout ratio (DPR) is presently -78.21%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CG shares. UBS Group lifted their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Oppenheimer lowered their price target on The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, May 2nd. TD Cowen reduced their price objective on The Carlyle Group from $49.00 to $45.00 and set a “hold” rating on the stock in a research note on Thursday, May 2nd. The Goldman Sachs Group lowered their target price on The Carlyle Group from $54.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Finally, Barclays decreased their price target on shares of The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $45.60.

Read Our Latest Report on The Carlyle Group

About The Carlyle Group

(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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