American Century Companies Inc. Raises Stake in The Carlyle Group Inc. (NASDAQ:CG)

American Century Companies Inc. lifted its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 66,678 shares of the financial services provider’s stock after buying an additional 1,495 shares during the period. American Century Companies Inc.’s holdings in The Carlyle Group were worth $3,367,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CG. Golden State Wealth Management LLC purchased a new stake in shares of The Carlyle Group in the fourth quarter valued at about $25,000. National Pension Service purchased a new stake in The Carlyle Group in the 4th quarter valued at approximately $25,000. Valley National Advisers Inc. increased its position in The Carlyle Group by 149.3% during the 4th 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 raised its stake in shares of The Carlyle Group by 253.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock worth $29,000 after buying an additional 405 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its holdings in shares of 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 valued at $45,000 after buying an additional 890 shares during the period. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on CG. StockNews.com cut The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Bank of America reduced their price objective on shares of The Carlyle Group from $47.00 to $46.00 and set an “underperform” rating for the company in a research note on Friday. Oppenheimer lowered shares of The Carlyle Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. Wolfe Research upgraded shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target for the company in a research report on Friday, January 3rd. Finally, Wells Fargo & Company dropped 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. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, The Carlyle Group currently has an average rating of “Hold” and an average price target of $54.00.

The Carlyle Group Stock Performance

CG stock opened at $35.89 on Monday. The Carlyle Group Inc. has a 1 year low of $33.02 and a 1 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 company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32. The stock’s fifty day moving average is $47.81 and its two-hundred day moving average is $49.61.

The Carlyle Group (NASDAQ:CG) last announced its earnings results on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. On average, 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 declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a $0.35 dividend. The ex-dividend date 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 is currently 50.36%.

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.