Carlyle Group Inc. (NASDAQ:CG) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Carlyle Group Inc. (NASDAQ:CG) by 1.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,601 shares of the financial services provider’s stock after buying an additional 344 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Carlyle Group were worth $1,234,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CG. Bank Pictet & Cie Europe AG acquired a new position in shares of Carlyle Group during the fourth quarter worth about $215,000. Smartleaf Asset Management LLC boosted its holdings in Carlyle Group by 31.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,229 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 296 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Carlyle Group by 2,469.0% in the fourth quarter. Jones Financial Companies Lllp now owns 2,569 shares of the financial services provider’s stock valued at $130,000 after purchasing an additional 2,469 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Carlyle Group by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,406,201 shares of the financial services provider’s stock valued at $70,999,000 after purchasing an additional 14,024 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Carlyle Group by 88.6% in the fourth quarter. Victory Capital Management Inc. now owns 75,420 shares of the financial services provider’s stock valued at $3,808,000 after purchasing an additional 35,437 shares in the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on CG. Wells Fargo & Company upped their price target on Carlyle Group from $45.00 to $49.00 and gave the company an “equal weight” rating in a report on Friday, May 23rd. Keefe, Bruyette & Woods boosted their price objective on Carlyle Group from $43.00 to $45.00 and gave the company a “market perform” rating in a research note on Monday, May 12th. Barclays boosted their price objective on Carlyle Group from $43.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. Cowen upgraded Carlyle Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th. Finally, Bank of America reduced their price objective on Carlyle Group from $47.00 to $46.00 and set an “underperform” rating for the company in a research note on Friday, April 4th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $53.00.

Carlyle Group Price Performance

Carlyle Group stock opened at $55.59 on Friday. Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $57.50. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.36 and a quick ratio of 2.36. The business has a 50 day simple moving average of $46.01 and a 200-day simple moving average of $46.76. The stock has a market capitalization of $20.08 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 1.20 and a beta of 1.86.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Friday, May 9th. The financial services provider reported $1.14 EPS for the quarter, topping the consensus estimate of $0.97 by $0.17. The business had revenue of $973.10 million during the quarter, compared to analysts’ expectations of $972.27 million. Carlyle Group had a return on equity of 23.78% and a net margin of 19.00%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 earnings per share. Equities analysts predict that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend was Monday, May 19th. Carlyle Group’s payout ratio is 47.46%.

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.