The Carlyle Group Inc. (NASDAQ:CG) Shares Acquired by Invesco Ltd.

Invesco Ltd. boosted its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 650,735 shares of the financial services provider’s stock after purchasing an additional 57,606 shares during the period. Invesco Ltd. owned approximately 0.18% of The Carlyle Group worth $32,856,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CG. Golden State Wealth Management LLC acquired a new position in The Carlyle Group during the fourth quarter valued at approximately $25,000. National Pension Service acquired a new position in shares of The Carlyle Group during the 4th quarter valued at $25,000. Valley National Advisers Inc. boosted 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 increased its holdings in The Carlyle Group by 253.1% in 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 in the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its stake in shares of The Carlyle Group by 8,090.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 890 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Stock Performance

Shares of NASDAQ CG opened at $35.84 on Friday. The stock has a market capitalization of $12.95 billion, a P/E ratio of 12.89, a P/E/G ratio of 0.98 and a beta of 1.72. The firm’s 50-day moving average price is $43.96 and its two-hundred day moving average price is $48.99. The Carlyle Group Inc. has a 52-week low of $33.02 and a 52-week high of $57.50. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data 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 24.02% and a net margin of 18.81%. As a group, sell-side analysts forecast that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.91%. The ex-dividend date was Friday, February 21st. The Carlyle Group’s dividend payout ratio (DPR) is 50.36%.

Wall Street Analyst Weigh In

CG has been the topic of several recent research reports. JMP Securities reduced 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 report on Tuesday, April 8th. Oppenheimer downgraded shares of The Carlyle Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Citigroup dropped their price target on shares of The Carlyle Group from $55.00 to $39.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. TD Cowen decreased their price objective on shares of The Carlyle Group from $54.00 to $37.00 and set a “hold” rating for the company in a research report on Wednesday, April 9th. Finally, Wells Fargo & Company cut their price target on The Carlyle Group from $48.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, The Carlyle Group currently has an average rating of “Hold” and an average target price of $50.71.

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.