New York State Teachers Retirement System Buys New Position in The Carlyle Group Inc. (NASDAQ:CG)

New York State Teachers Retirement System acquired a new stake in shares of The Carlyle Group Inc. (NASDAQ:CG) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 33,146 shares of the financial services provider’s stock, valued at approximately $1,349,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Morgan Stanley boosted its position in shares of The Carlyle Group by 11.3% during the fourth quarter. Morgan Stanley now owns 24,697,730 shares of the financial services provider’s stock valued at $736,980,000 after purchasing an additional 2,514,895 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of The Carlyle Group by 6.0% in the 3rd quarter. Vanguard Group Inc. now owns 24,132,777 shares of the financial services provider’s stock worth $623,591,000 after acquiring an additional 1,376,229 shares in the last quarter. BlackRock Inc. lifted its position in The Carlyle Group by 39.1% during the 1st quarter. BlackRock Inc. now owns 18,573,738 shares of the financial services provider’s stock valued at $576,900,000 after acquiring an additional 5,223,114 shares during the period. William Blair Investment Management LLC boosted its stake in The Carlyle Group by 65.9% during the third quarter. William Blair Investment Management LLC now owns 8,877,428 shares of the financial services provider’s stock worth $267,743,000 after acquiring an additional 3,524,794 shares in the last quarter. Finally, Ariel Investments LLC increased its stake in shares of The Carlyle Group by 16.9% during the third quarter. Ariel Investments LLC now owns 6,364,528 shares of the financial services provider’s stock valued at $191,954,000 after purchasing an additional 918,114 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors.

The Carlyle Group Price Performance

NASDAQ:CG opened at $44.63 on Thursday. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 1.52. The Carlyle Group Inc. has a 52 week low of $25.20 and a 52 week high of $48.52. The business’s 50-day simple moving average is $45.85 and its two-hundred day simple moving average is $38.88. The stock has a market cap of $16.16 billion, a PE ratio of -26.41, a P/E/G ratio of 0.97 and a beta of 1.79.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.08. The Carlyle Group had a positive return on equity of 19.74% and a negative net margin of 20.53%. The business had revenue of $896.40 million during the quarter, compared to the consensus estimate of $860.68 million. During the same period in the prior year, the company posted $1.01 EPS. The firm’s revenue for the quarter was down 15.4% compared to the same quarter last year. As a group, analysts forecast that The Carlyle Group Inc. will post 3.93 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 23rd were issued a $0.35 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.40 annualized dividend and a dividend yield of 3.14%. The Carlyle Group’s dividend payout ratio (DPR) is -82.84%.

Insider Buying and Selling

In other The Carlyle Group news, major shareholder Carlyle Group Inc. bought 190,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was purchased at an average cost of $12.95 per share, with a total value of $2,460,500.00. Following the completion of the acquisition, the insider now owns 1,066,189 shares in the company, valued at approximately $13,807,147.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 27.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CG. JMP Securities upped their price target on shares of The Carlyle Group from $52.00 to $58.00 and gave the stock a “market outperform” rating in a research note on Thursday, February 8th. Citigroup boosted their price objective on shares of The Carlyle Group from $41.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. TD Cowen assumed coverage on The Carlyle Group in a research note on Thursday, January 4th. They set a “market perform” rating and a $42.00 target price on the stock. Morgan Stanley boosted their price target on The Carlyle Group from $34.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Finally, JPMorgan Chase & Co. lifted their price objective on The Carlyle Group from $39.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $43.07.

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.