Soros Fund Management LLC Buys Shares of 459,585 The Carlyle Group Inc. (NASDAQ:CG)

Soros Fund Management LLC bought a new stake in The Carlyle Group Inc. (NASDAQ:CG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 459,585 shares of the financial services provider’s stock, valued at approximately $23,204,000. Soros Fund Management LLC owned 0.13% of The Carlyle Group at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Tidal Investments LLC acquired a new stake in shares of The Carlyle Group during the third quarter worth about $212,000. Franklin Resources Inc. raised its position in shares of The Carlyle Group by 145.6% during the third quarter. Franklin Resources Inc. now owns 28,210 shares of the financial services provider’s stock worth $1,215,000 after purchasing an additional 16,723 shares during the period. B. Riley Wealth Advisors Inc. raised its position in shares of The Carlyle Group by 4.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 12,864 shares of the financial services provider’s stock worth $559,000 after purchasing an additional 495 shares during the period. JPMorgan Chase & Co. raised its position in shares of The Carlyle Group by 68.1% during the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock worth $82,651,000 after purchasing an additional 777,304 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of The Carlyle Group by 10.3% during the fourth quarter. GAMMA Investing LLC now owns 5,463 shares of the financial services provider’s stock worth $276,000 after purchasing an additional 509 shares during the period. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Price Performance

The Carlyle Group stock opened at $39.10 on Tuesday. The Carlyle Group Inc. has a one year low of $33.02 and a one year high of $57.50. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32. The stock’s 50 day moving average is $41.95 and its 200 day moving average is $48.60. The firm has a market cap of $14.11 billion, a P/E ratio of 14.06, a P/E/G ratio of 0.98 and a beta of 1.72.

The Carlyle Group (NASDAQ:CG) last issued 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, research analysts expect that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 dividend yield of 3.58%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group’s dividend payout ratio is currently 50.36%.

Analyst Ratings Changes

A number of research firms recently issued reports on CG. Barclays decreased their price objective on The Carlyle Group from $55.00 to $43.00 and set an “overweight” rating for the company in a report on Monday, April 7th. Bank of America decreased their price objective on The Carlyle Group from $47.00 to $46.00 and set an “underperform” rating on the stock in a report on Friday, April 4th. Wells Fargo & Company dropped their price target on shares of The Carlyle Group from $48.00 to $39.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Evercore ISI upped their price objective on shares of 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. Finally, Morgan Stanley reduced their target price on The Carlyle Group from $57.00 to $44.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $50.71.

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.