Amundi Increases Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Amundi increased its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 33.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,364,231 shares of the financial services provider’s stock after purchasing an additional 594,661 shares during the period. Amundi’s holdings in The Carlyle Group were worth $123,673,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also 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 during the period. Raymond James Financial Inc. purchased a new stake in The Carlyle Group during the fourth quarter valued at about $83,784,000. JPMorgan Chase & Co. grew its position in The Carlyle Group by 68.1% during 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 acquiring an additional 777,304 shares during the period. Massachusetts Financial Services Co. MA grew its position in The Carlyle Group by 22.8% during 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 acquiring an additional 391,553 shares during the period. Finally, Franklin Street Advisors Inc. NC purchased a new stake in The Carlyle Group during the fourth quarter valued at about $17,671,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CG shares. Barclays lowered their price target on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Wolfe Research raised The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target for the company in a research report on Friday, January 3rd. Oppenheimer upped their target price on The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. StockNews.com downgraded The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Finally, Wells Fargo & Company decreased 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, The Carlyle Group presently has a consensus rating of “Hold” and an average target price of $54.93.

The Carlyle Group Trading Down 6.9 %

NASDAQ:CG opened at $40.03 on Tuesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32. The Carlyle Group Inc. has a one year low of $36.65 and a one year high of $57.50. The business’s 50-day simple moving average is $51.64 and its 200 day simple moving average is $49.13. The stock has a market cap of $14.46 billion, a price-to-earnings ratio of 14.40, a price-to-earnings-growth ratio of 0.98 and a beta of 1.73.

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

The Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group’s 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.