Rhumbline Advisers Raises Position in The Carlyle Group Inc. (NASDAQ:CG)

Rhumbline Advisers raised its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 605,842 shares of the financial services provider’s stock after acquiring an additional 7,218 shares during the period. Rhumbline Advisers’ holdings in The Carlyle Group were worth $30,589,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in shares of The Carlyle Group in the fourth quarter valued at about $25,000. Valley National Advisers Inc. boosted 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 increased its holdings in 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 valued at $29,000 after purchasing an additional 405 shares during the period. Brooklyn Investment Group purchased a new stake in The Carlyle Group in the 3rd quarter worth approximately $33,000. Finally, Wilmington Savings Fund Society FSB grew its position 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 worth $45,000 after buying an additional 890 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Trading Up 3.2 %

NASDAQ:CG opened at $53.45 on Wednesday. The Carlyle Group Inc. has a 52 week low of $36.65 and a 52 week high of $57.50. The stock has a market cap of $19.12 billion, a price-to-earnings ratio of 184.31, a PEG ratio of 0.92 and a beta of 1.70. The company’s 50 day moving average price is $52.69 and its 200-day moving average price is $48.39. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. On average, equities research analysts forecast that The Carlyle Group Inc. will post 3.73 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.62%. The ex-dividend date is Friday, February 21st. The Carlyle Group’s dividend payout ratio is currently 482.76%.

Analysts Set New Price Targets

A number of brokerages recently commented on CG. StockNews.com raised The Carlyle Group from a “sell” rating to a “hold” rating in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods lifted their target price on shares of The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday, November 8th. Wells Fargo & Company lowered their price objective on shares of The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Barclays reduced their target price on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Finally, Wolfe Research upgraded The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a research report on Friday, January 3rd. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, The Carlyle Group has an average rating of “Hold” and an average price target of $54.93.

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.