Carlyle Group Inc. (NASDAQ:CG) Stake Raised by Bfsg LLC

Bfsg LLC increased its holdings in Carlyle Group Inc. (NASDAQ:CG) by 13.0% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 7,130 shares of the financial services provider’s stock after purchasing an additional 818 shares during the quarter. Bfsg LLC’s holdings in Carlyle Group were worth $311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in CG. Asset Management One Co. Ltd. lifted its stake in shares of Carlyle Group by 6.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 86,696 shares of the financial services provider’s stock worth $4,410,000 after acquiring an additional 4,936 shares during the period. Bank Pictet & Cie Europe AG acquired a new stake in Carlyle Group in the fourth quarter worth approximately $215,000. Rhumbline Advisers boosted its stake in Carlyle Group by 1.2% during the 4th quarter. Rhumbline Advisers now owns 605,842 shares of the financial services provider’s stock valued at $30,589,000 after purchasing an additional 7,218 shares in the last quarter. Principal Securities Inc. increased its position in shares of Carlyle Group by 54.5% during the 4th quarter. Principal Securities Inc. now owns 1,403 shares of the financial services provider’s stock valued at $71,000 after purchasing an additional 495 shares during the period. Finally, J.W. Cole Advisors Inc. bought a new stake in shares of Carlyle Group in the 4th quarter worth $275,000. Institutional investors own 55.88% of the company’s stock.

Carlyle Group Trading Down 2.0%

Carlyle Group stock opened at $46.10 on Wednesday. The company has a 50 day moving average price of $42.41 and a 200 day moving average price of $46.92. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.36 and a current ratio of 2.36. Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $57.50. The firm has a market capitalization of $16.65 billion, a price-to-earnings ratio of 15.63, a P/E/G ratio of 1.01 and a beta of 1.85.

Carlyle Group (NASDAQ:CG) last issued its 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%. Carlyle Group’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.01 earnings per share. Research analysts forecast that Carlyle Group Inc. will post 4.48 EPS for the current year.

Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Monday, May 19th. Carlyle Group’s dividend payout ratio (DPR) is 47.46%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. JMP Securities decreased their target price on Carlyle Group from $62.00 to $58.00 and set a “market outperform” rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company upped their price target on shares of Carlyle Group from $45.00 to $49.00 and gave the company an “equal weight” rating in a report on Friday, May 23rd. TD Cowen raised shares of Carlyle Group from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Wednesday, May 14th. Morgan Stanley cut their target price on shares of Carlyle Group from $57.00 to $44.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. Finally, Citigroup decreased their price target on shares of Carlyle Group from $55.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $53.00.

About Carlyle Group

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.