Cetera Investment Advisers Raises Position in The Carlyle Group Inc. (NASDAQ:CG)

Cetera Investment Advisers boosted its stake in The Carlyle Group Inc. (NASDAQ:CG) by 12.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,085 shares of the financial services provider’s stock after buying an additional 5,049 shares during the quarter. Cetera Investment Advisers’ holdings in The Carlyle Group were worth $2,276,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CG. Massachusetts Financial Services Co. MA lifted its stake in The Carlyle Group by 201.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,351,432 shares of the financial services provider’s stock worth $320,684,000 after purchasing an additional 4,244,131 shares in the last quarter. William Blair Investment Management LLC lifted its stake in The Carlyle Group by 15.5% in the 4th quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider’s stock worth $668,990,000 after purchasing an additional 1,773,465 shares in the last quarter. Raymond James Financial Inc. purchased a new position in The Carlyle Group in the 4th quarter worth approximately $83,784,000. Norges Bank purchased a new position in The Carlyle Group in the 4th quarter worth approximately $44,532,000. Finally, Amundi lifted its stake in The Carlyle Group by 33.6% in the 4th quarter. Amundi now owns 2,364,231 shares of the financial services provider’s stock worth $123,673,000 after purchasing an additional 594,661 shares in the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CG has been the topic of a number of research reports. Oppenheimer lowered shares of The Carlyle Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Evercore ISI raised their price target on shares of The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a report on Wednesday, February 12th. JMP Securities cut their price target on shares of The Carlyle Group from $62.00 to $58.00 and set a “market outperform” rating for the company in a report on Tuesday, April 8th. Keefe, Bruyette & Woods raised their price target on shares of The Carlyle Group from $43.00 to $45.00 and gave the stock a “market perform” rating in a report on Monday, May 12th. Finally, Barclays raised their price target on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, The Carlyle Group currently has a consensus rating of “Hold” and an average target price of $52.33.

The Carlyle Group Stock Performance

Shares of CG stock opened at $47.42 on Monday. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42. The Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $57.50. The stock has a market capitalization of $17.13 billion, a PE ratio of 17.06, a P/E/G ratio of 0.98 and a beta of 1.85. The firm has a 50 day moving average of $40.74 and a two-hundred day moving average of $47.83.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Friday, May 9th. The financial services provider reported $1.14 EPS for the quarter, beating the consensus estimate of $0.97 by $0.17. The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. The company had revenue of $973.10 million during the quarter, compared to analysts’ expectations of $972.27 million. During the same quarter last year, the company posted $1.01 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. On average, research analysts predict that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th will be given a dividend of $0.35 per share. The ex-dividend date is Monday, May 19th. This represents a $1.40 annualized dividend and a dividend yield of 2.95%. The Carlyle Group’s dividend payout ratio (DPR) is currently 47.46%.

The Carlyle Group Company Profile

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.