Cinctive Capital Management LP Grows Stake in The Carlyle Group Inc. (NASDAQ:CG)

Cinctive Capital Management LP increased its position in The Carlyle Group Inc. (NASDAQ:CG) by 180.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,405 shares of the financial services provider’s stock after purchasing an additional 123,184 shares during the period. Cinctive Capital Management LP owned approximately 0.05% of The Carlyle Group worth $9,664,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CG. Massachusetts Financial Services Co. MA lifted its holdings in shares of The Carlyle Group by 201.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,351,432 shares of the financial services provider’s stock valued at $320,684,000 after purchasing an additional 4,244,131 shares in the last quarter. William Blair Investment Management LLC lifted its position in The Carlyle Group by 15.5% during the fourth quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider’s stock valued at $668,990,000 after purchasing an additional 1,773,465 shares during the period. FMR LLC grew its position in The Carlyle Group by 72.8% in the 3rd quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock worth $174,469,000 after purchasing an additional 1,707,520 shares during the period. Raymond James Financial Inc. purchased a new stake in The Carlyle Group during the 4th quarter valued at $83,784,000. Finally, Norges Bank bought a new stake in shares of The Carlyle Group in the fourth quarter worth $44,532,000. 55.88% of the stock is owned by hedge funds and other institutional investors.

The Carlyle Group Stock Up 1.6 %

NASDAQ CG opened at $44.27 on Wednesday. The stock has a 50 day moving average price of $48.80 and a 200-day moving average price of $49.64. The Carlyle Group Inc. has a one year low of $36.65 and a one year high of $57.50. The company has a market capitalization of $15.99 billion, a P/E ratio of 15.92, a P/E/G ratio of 0.98 and a beta of 1.73. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32.

The Carlyle Group (NASDAQ:CG) last posted its earnings results 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%. As a group, equities analysts predict that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date was Friday, February 21st. The Carlyle Group’s dividend payout ratio (DPR) is presently 50.36%.

Analyst Ratings Changes

CG has been the subject of several recent research reports. StockNews.com lowered shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Wells Fargo & Company reduced their price objective on The Carlyle Group from $54.00 to $48.00 and set an “equal weight” rating for the company in a research note on Thursday, March 20th. Wolfe Research upgraded The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a research report on Friday, January 3rd. Oppenheimer cut The Carlyle Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. Finally, Barclays cut their price objective on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $54.53.

The Carlyle Group 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.