Vanguard Group Inc. Raises Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Vanguard Group Inc. lifted its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,161,423 shares of the financial services provider’s stock after buying an additional 180,757 shares during the quarter. Vanguard Group Inc. owned approximately 6.48% of The Carlyle Group worth $1,169,420,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in The Carlyle Group during the 4th quarter worth about $25,000. National Pension Service purchased a new stake in The Carlyle Group during the fourth quarter worth approximately $25,000. Valley National Advisers Inc. increased its stake in The Carlyle Group by 149.3% in the fourth quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 327 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in The Carlyle Group by 253.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 405 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of The Carlyle Group in the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Price Performance

Shares of NASDAQ:CG opened at $45.09 on Friday. 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 company has a 50-day moving average price of $49.52 and a 200 day moving average price of $49.38. The Carlyle Group Inc. has a 52 week low of $36.65 and a 52 week high of $57.50. The company has a market cap of $16.29 billion, a P/E ratio of 16.22, a PEG ratio of 0.98 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. Research analysts predict that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group’s dividend payout ratio is currently 50.36%.

Analyst Upgrades and Downgrades

CG has been the subject of a number of research reports. Wells Fargo & Company reduced their price target on shares of The Carlyle Group from $54.00 to $48.00 and set an “equal weight” rating for the company in a research report on Thursday, March 20th. StockNews.com cut The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Evercore ISI lifted their price target on The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 12th. Oppenheimer downgraded The Carlyle Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. Finally, Barclays reduced their price target on shares of The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, The Carlyle Group currently has an average rating of “Hold” and an average price target of $54.53.

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.