633 Shares in The Carlyle Group Inc. (NASDAQ:CG) Acquired by LRI Investments LLC

LRI Investments LLC purchased a new position in shares of The Carlyle Group Inc. (NASDAQ:CG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 633 shares of the financial services provider’s stock, valued at approximately $32,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of The Carlyle Group by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 23,161,423 shares of the financial services provider’s stock valued at $1,169,420,000 after purchasing an additional 180,757 shares during the last quarter. Capital World Investors grew its stake in shares of The Carlyle Group by 0.3% in the 4th quarter. Capital World Investors now owns 19,778,358 shares of the financial services provider’s stock valued at $998,609,000 after purchasing an additional 50,784 shares during the last quarter. William Blair Investment Management LLC grew its stake in shares of The Carlyle Group by 15.5% in the 4th 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 last quarter. Boston Partners grew its stake in shares of The Carlyle Group by 7.1% in the 4th quarter. Boston Partners now owns 7,102,085 shares of the financial services provider’s stock valued at $358,687,000 after purchasing an additional 467,767 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of The Carlyle Group by 201.4% in the 4th 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 during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Price Performance

CG stock opened at $45.97 on Wednesday. The stock has a 50-day moving average price of $40.39 and a two-hundred day moving average price of $47.93. The Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month high of $57.50. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.42. The company has a market cap of $16.59 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 0.98 and a beta of 1.85.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.17. The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. The firm had revenue of $973.10 million during the quarter, compared to the consensus estimate of $972.27 million. During the same quarter in the previous year, the business earned $1.01 earnings per share. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, research analysts predict that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend is Monday, May 19th. The Carlyle Group’s payout ratio is 47.46%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CG shares. Oppenheimer downgraded The Carlyle Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Evercore ISI lifted their price target on The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a research note on Wednesday, February 12th. JMP Securities decreased their price target on The Carlyle Group from $62.00 to $58.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods lifted their price target on The Carlyle Group from $43.00 to $45.00 and gave the company a “market perform” rating in a research note on Monday. Finally, StockNews.com downgraded The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $51.07.

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.