Deprince Race & Zollo Inc. Purchases 127,681 Shares of Carlyle Group Inc. $CG

Deprince Race & Zollo Inc. lifted its position in Carlyle Group Inc. (NASDAQ:CG) by 38.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 461,245 shares of the financial services provider’s stock after buying an additional 127,681 shares during the quarter. Deprince Race & Zollo Inc. owned about 0.13% of Carlyle Group worth $27,264,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Carlyle Group by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 25,434,009 shares of the financial services provider’s stock valued at $1,594,712,000 after purchasing an additional 714,428 shares during the last quarter. State Street Corp boosted its holdings in Carlyle Group by 20.9% in the third quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock worth $623,372,000 after purchasing an additional 1,720,483 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Carlyle Group by 1.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,735,298 shares of the financial services provider’s stock worth $457,233,000 after purchasing an additional 117,223 shares in the last quarter. UBS Group AG boosted its holdings in Carlyle Group by 11.2% in the third quarter. UBS Group AG now owns 4,037,257 shares of the financial services provider’s stock worth $253,136,000 after purchasing an additional 407,493 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Carlyle Group by 1.7% in the second quarter. Ameriprise Financial Inc. now owns 2,769,631 shares of the financial services provider’s stock worth $142,359,000 after purchasing an additional 46,894 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CG. Barclays decreased their price objective on shares of Carlyle Group from $68.00 to $67.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Royal Bank Of Canada began coverage on shares of Carlyle Group in a report on Monday, February 23rd. They issued an “outperform” rating and a $67.00 price objective for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlyle Group in a report on Wednesday, January 21st. Morgan Stanley set a $71.00 price objective on shares of Carlyle Group in a report on Tuesday, January 27th. Finally, The Goldman Sachs Group decreased their price objective on shares of Carlyle Group from $81.00 to $69.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $66.43.

Carlyle Group Price Performance

Carlyle Group stock opened at $47.29 on Monday. The firm has a market cap of $17.08 billion, a price-to-earnings ratio of 21.69, a P/E/G ratio of 1.00 and a beta of 2.05. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.33 and a quick ratio of 2.33. Carlyle Group Inc. has a fifty-two week low of $34.01 and a fifty-two week high of $69.85. The firm has a fifty day moving average price of $50.71 and a two-hundred day moving average price of $55.82.

Carlyle Group (NASDAQ:CG) last released its earnings results on Thursday, February 5th. The financial services provider reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.03). The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.09 billion. Carlyle Group had a return on equity of 23.62% and a net margin of 16.92%.The firm’s revenue was up 84.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 EPS. As a group, analysts forecast that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Monday, February 16th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.0%. Carlyle Group’s dividend payout ratio is currently 64.22%.

Insider Activity at Carlyle Group

In other news, Director David M. Rubenstein sold 500,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $46.68, for a total transaction of $23,340,000.00. Following the completion of the transaction, the director owned 27,399,644 shares of the company’s stock, valued at approximately $1,279,015,381.92. This represents a 1.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 26.30% of the company’s stock.

About Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.