BI Asset Management Fondsmaeglerselskab A S Purchases 1,991 Shares of The Carlyle Group Inc. (NASDAQ:CG)

BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 10.7% during the fourth quarter, HoldingsChannel reports. The firm owned 20,555 shares of the financial services provider’s stock after buying an additional 1,991 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in The Carlyle Group were worth $836,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. William Blair Investment Management LLC boosted its holdings in shares of The Carlyle Group by 65.9% in the third quarter. William Blair Investment Management LLC now owns 8,877,428 shares of the financial services provider’s stock valued at $267,743,000 after buying an additional 3,524,794 shares during the period. Norges Bank bought a new position in The Carlyle Group during the 4th quarter worth about $130,771,000. Ariel Investments LLC raised its stake in shares of The Carlyle Group by 16.9% in the 3rd quarter. Ariel Investments LLC now owns 6,364,528 shares of the financial services provider’s stock valued at $191,954,000 after purchasing an additional 918,114 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of The Carlyle Group by 4,693.0% in the fourth quarter. Principal Financial Group Inc. now owns 794,438 shares of the financial services provider’s stock valued at $32,326,000 after purchasing an additional 777,863 shares in the last quarter. Finally, Wafra Inc. grew its holdings in shares of The Carlyle Group by 295.8% during the third quarter. Wafra Inc. now owns 942,083 shares of the financial services provider’s stock worth $28,413,000 after buying an additional 704,036 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CG shares. Barclays cut their target price on The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $48.00 target price (down previously from $50.00) on shares of The Carlyle Group in a research report on Thursday, May 2nd. TheStreet lowered The Carlyle Group from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. Oppenheimer decreased their target price on shares of The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd. Finally, Citigroup increased their price target on shares of The Carlyle Group from $41.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $45.60.

The Carlyle Group Stock Down 1.5 %

Shares of NASDAQ CG opened at $43.71 on Thursday. The firm has a 50 day moving average price of $44.90 and a two-hundred day moving average price of $41.43. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.53 and a current ratio of 2.53. The Carlyle Group Inc. has a 52-week low of $27.13 and a 52-week high of $48.52.

The Carlyle Group (NASDAQ:CG) last announced its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.92 by $0.09. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $986.10 million. During the same period in the previous year, the business earned $0.63 EPS. The business’s quarterly revenue was up 35.6% compared to the same quarter last year. Analysts forecast that The Carlyle Group Inc. will post 3.92 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th were given a $0.35 dividend. The ex-dividend date was Monday, May 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.20%. The Carlyle Group’s dividend payout ratio (DPR) is currently -78.21%.

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.