State of Alaska Department of Revenue Raises Stake in Carlyle Group Inc. (NASDAQ:CG)

State of Alaska Department of Revenue boosted its holdings in shares of Carlyle Group Inc. (NASDAQ:CG) by 2.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,720 shares of the financial services provider’s stock after acquiring an additional 660 shares during the period. State of Alaska Department of Revenue’s holdings in Carlyle Group were worth $1,077,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Carlyle Group by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 23,161,423 shares of the financial services provider’s stock worth $1,169,420,000 after buying an additional 180,757 shares in the last quarter. Capital World Investors lifted its stake in shares of Carlyle Group by 0.3% in the fourth quarter. Capital World Investors now owns 19,778,358 shares of the financial services provider’s stock worth $998,609,000 after buying an additional 50,784 shares in the last quarter. William Blair Investment Management LLC lifted its stake in shares of Carlyle Group by 15.5% in the fourth quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider’s stock worth $668,990,000 after buying an additional 1,773,465 shares in the last quarter. Boston Partners lifted its stake in shares of Carlyle Group by 7.1% in the fourth quarter. Boston Partners now owns 7,102,085 shares of the financial services provider’s stock worth $358,687,000 after buying an additional 467,767 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Carlyle Group by 201.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,351,432 shares of the financial services provider’s stock worth $320,684,000 after buying an additional 4,244,131 shares in the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Carlyle Group Stock Up 3.1%

Shares of CG stock opened at $50.67 on Friday. Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $57.50. The stock has a market cap of $18.30 billion, a P/E ratio of 17.18, a P/E/G ratio of 1.06 and a beta of 1.85. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 1.56. The company has a 50 day simple moving average of $44.01 and a two-hundred day simple moving average of $46.74.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Friday, May 9th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.17. The firm had revenue of $973.10 million during the quarter, compared to analysts’ expectations of $972.27 million. Carlyle Group had a net margin of 19.00% and a return on equity of 23.78%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.01 earnings per share. On average, research analysts expect that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.76%. Carlyle Group’s dividend payout ratio (DPR) is presently 47.46%.

Wall Street Analysts Forecast Growth

CG has been the topic of several analyst reports. JMP Securities dropped their target price on shares of Carlyle Group from $62.00 to $58.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company boosted their price objective on shares of Carlyle Group from $45.00 to $49.00 and gave the company an “equal weight” rating in a report on Friday, May 23rd. Barclays boosted their price objective on shares of Carlyle Group from $43.00 to $49.00 and gave the company an “overweight” rating in a report on Friday, May 9th. Citigroup decreased their price objective on shares of Carlyle Group from $55.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Finally, Morgan Stanley decreased their price objective on shares of Carlyle Group from $57.00 to $44.00 and set an “equal weight” rating for the company in a report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $53.00.

About 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.