The Carlyle Group Inc. (NASDAQ:CG) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 0.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,888,522 shares of the financial services provider’s stock after buying an additional 4,920 shares during the quarter. Geode Capital Management LLC owned about 1.09% of The Carlyle Group worth $195,966,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. National Pension Service acquired a new position in shares of The Carlyle Group in the 4th quarter valued at $25,000. Golden State Wealth Management LLC acquired a new position in shares of The Carlyle Group in the fourth quarter valued at about $25,000. Valley National Advisers Inc. lifted its holdings in shares of The Carlyle Group by 149.3% during the fourth quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 327 shares during the period. Nisa Investment Advisors LLC boosted its position in The Carlyle Group by 253.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock valued at $29,000 after buying an additional 405 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its holdings in The Carlyle Group by 8,090.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider’s stock worth $45,000 after buying an additional 890 shares during the period. Institutional investors and hedge funds own 55.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CG. Barclays dropped their price objective on shares of The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Bank of America reduced their price objective on The Carlyle Group from $47.00 to $46.00 and set an “underperform” rating for the company in a research note on Friday. Oppenheimer downgraded The Carlyle Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Wells Fargo & Company decreased their price target on The Carlyle Group from $54.00 to $48.00 and set an “equal weight” rating for the company in a report on Thursday, March 20th. Finally, Wolfe Research raised shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective on the stock in a research note on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $54.00.

The Carlyle Group Stock Down 7.3 %

Shares of CG opened at $35.89 on Monday. The Carlyle Group Inc. has a one year low of $30.67 and a one year high of $57.50. The stock has a market capitalization of $12.96 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 0.98 and a beta of 1.72. The stock has a 50 day moving average price of $47.81 and a 200 day moving average price of $49.61. 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 announced its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. Equities research analysts forecast that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.40 annualized dividend and a dividend yield of 3.90%. The Carlyle Group’s dividend payout ratio (DPR) is currently 50.36%.

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.