Royal London Asset Management Ltd. Increases Position in The Carlyle Group Inc. (NASDAQ:CG)

Royal London Asset Management Ltd. increased its stake in shares of The Carlyle Group Inc. (NASDAQ:CGFree Report) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,513 shares of the financial services provider’s stock after buying an additional 2,089 shares during the quarter. Royal London Asset Management Ltd.’s holdings in The Carlyle Group were worth $2,625,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CG. New York State Teachers Retirement System purchased a new stake in The Carlyle Group in the fourth quarter valued at $1,349,000. Principal Financial Group Inc. boosted its holdings in The Carlyle Group by 4,693.0% in the fourth quarter. Principal Financial Group Inc. now owns 794,438 shares of the financial services provider’s stock valued at $32,326,000 after purchasing an additional 777,863 shares during the last quarter. Mutual of America Capital Management LLC purchased a new stake in The Carlyle Group in the fourth quarter valued at $5,410,000. SG Americas Securities LLC boosted its holdings in The Carlyle Group by 347.1% in the fourth quarter. SG Americas Securities LLC now owns 111,957 shares of the financial services provider’s stock valued at $4,556,000 after purchasing an additional 86,914 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in The Carlyle Group by 40.5% in the fourth quarter. Victory Capital Management Inc. now owns 448,938 shares of the financial services provider’s stock valued at $18,267,000 after purchasing an additional 129,390 shares during the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

The Carlyle Group Stock Down 1.6 %

CG stock opened at $40.68 on Monday. The company has a market cap of $14.64 billion, a price-to-earnings ratio of -22.73, a PEG ratio of 1.14 and a beta of 1.77. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 1.53. The Carlyle Group Inc. has a 12 month low of $27.13 and a 12 month high of $48.52. The firm has a 50-day moving average of $44.10 and a two-hundred day moving average of $42.44.

The Carlyle Group (NASDAQ:CGGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $986.10 million. During the same quarter in the prior year, the firm earned $0.63 EPS. The Carlyle Group’s quarterly revenue was up 35.6% on a year-over-year basis. As a group, analysts forecast that The Carlyle Group Inc. will post 3.9 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

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 $0.35 dividend. The ex-dividend date of this dividend was Monday, May 13th. This represents a $1.40 annualized dividend and a dividend yield of 3.44%. The Carlyle Group’s dividend payout ratio (DPR) is -78.21%.

Wall Street Analyst Weigh In

Several research firms have commented on CG. The Goldman Sachs Group lowered their price target on shares of The Carlyle Group from $54.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Jefferies Financial Group decreased their price objective on shares of The Carlyle Group from $49.00 to $44.00 and set a “hold” rating for the company in a research report on Thursday, May 9th. UBS Group upped their price objective 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. Barclays decreased their price objective on shares of The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $48.00 price objective (down previously from $50.00) on shares of The Carlyle Group in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $45.60.

Read Our Latest Stock Analysis on The Carlyle Group

The Carlyle Group 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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