Norges Bank Makes New $130.77 Million Investment in The Carlyle Group Inc. (NASDAQ:CG)

Norges Bank bought a new stake in shares of The Carlyle Group Inc. (NASDAQ:CG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,213,827 shares of the financial services provider’s stock, valued at approximately $130,771,000. Norges Bank owned about 0.89% of The Carlyle Group as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of CG. William Blair Investment Management LLC boosted its holdings in The Carlyle Group by 65.9% during the 3rd 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 acquiring an additional 3,524,794 shares during the period. Ariel Investments LLC lifted its holdings 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 worth $191,954,000 after buying an additional 918,114 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of The Carlyle Group by 3.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,368,100 shares of the financial services provider’s stock worth $96,375,000 after buying an additional 84,080 shares during the period. FMR LLC lifted its holdings in shares of The Carlyle Group by 11.0% in the 3rd quarter. FMR LLC now owns 2,134,653 shares of the financial services provider’s stock worth $64,381,000 after buying an additional 211,210 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of The Carlyle Group by 1.3% in the 3rd quarter. Northern Trust Corp now owns 1,571,464 shares of the financial services provider’s stock worth $47,395,000 after buying an additional 20,915 shares during the period. Institutional investors own 55.88% of the company’s stock.

The Carlyle Group Trading Up 0.6 %

NASDAQ CG opened at $43.96 on Friday. The stock’s 50 day simple moving average is $44.87 and its 200-day simple moving average is $41.45. The Carlyle Group Inc. has a 1-year low of $27.13 and a 1-year high of $48.52. 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 (NASDAQ:CG) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.09. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $986.10 million. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The firm’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 earnings per share. Research analysts anticipate that The Carlyle Group Inc. will post 3.92 earnings per share for the current year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 14th were given a $0.35 dividend. The ex-dividend date of this dividend was Monday, May 13th. This represents a $1.40 dividend on an annualized basis and a yield of 3.18%. The Carlyle Group’s dividend payout ratio is currently -78.21%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods restated a “market perform” rating and set a $48.00 price objective (down from $50.00) on shares of The Carlyle Group in a research note on Thursday, May 2nd. The Goldman Sachs Group decreased their price objective on The Carlyle Group from $54.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. TD Cowen decreased their price objective on The Carlyle Group from $49.00 to $45.00 and set a “hold” rating for the company in a research note on Thursday, May 2nd. Jefferies Financial Group decreased their price objective on The Carlyle Group from $49.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. Finally, JPMorgan Chase & Co. upped their target price on The Carlyle Group from $39.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. One investment analyst has 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $45.60.

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.