CIBC Asset Management Inc Increases Holdings in The Carlyle Group Inc. (NASDAQ:CG)

CIBC Asset Management Inc increased its stake in The Carlyle Group Inc. (NASDAQ:CG) by 10.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 13,474 shares of the financial services provider’s stock after buying an additional 1,291 shares during the quarter. CIBC Asset Management Inc’s holdings in The Carlyle Group were worth $680,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in CG. FMR LLC grew its position in shares of The Carlyle Group by 72.8% in the third quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock valued at $174,469,000 after purchasing an additional 1,707,520 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of The Carlyle Group by 68.1% in the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock valued at $82,651,000 after purchasing an additional 777,304 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of The Carlyle Group by 22.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,107,301 shares of the financial services provider’s stock valued at $90,740,000 after purchasing an additional 391,553 shares in the last quarter. Franklin Street Advisors Inc. NC purchased a new position in shares of The Carlyle Group in the fourth quarter valued at $17,671,000. Finally, Phase 2 Partners LLC purchased a new position in shares of The Carlyle Group in the third quarter valued at $7,402,000. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Wells Fargo & Company reduced their target price on The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. TD Cowen boosted their target price on The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Evercore ISI boosted their target price on The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 12th. StockNews.com cut The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods boosted their target price on The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, November 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 stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $54.93.

The Carlyle Group Trading Down 4.1 %

CG opened at $49.86 on Friday. The Carlyle Group Inc. has a one year low of $36.65 and a one year high of $57.50. The firm has a market capitalization of $17.83 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 0.98 and a beta of 1.70. The business has a 50 day simple moving average of $52.56 and a two-hundred day simple moving average of $48.57. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32.

The Carlyle Group (NASDAQ:CG) last announced its earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. Analysts predict that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Friday, February 21st. The Carlyle Group’s dividend payout ratio is currently 50.36%.

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.