Intech Investment Management LLC Boosts Position in The Carlyle Group Inc. (NASDAQ:CG)

Intech Investment Management LLC boosted its stake in The Carlyle Group Inc. (NASDAQ:CG) by 123.0% during the fourth quarter, HoldingsChannel reports. The firm owned 12,818 shares of the financial services provider’s stock after buying an additional 7,070 shares during the period. Intech Investment Management LLC’s holdings in The Carlyle Group were worth $647,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Golden State Wealth Management LLC bought a new position in shares of The Carlyle Group during the 4th quarter valued at about $25,000. National Pension Service purchased a new position in shares of The Carlyle Group during the fourth quarter worth approximately $25,000. Valley National Advisers Inc. boosted its stake in shares of The Carlyle Group by 149.3% in the 4th quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 327 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of The Carlyle Group by 253.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 405 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in The Carlyle Group in the third quarter worth $33,000. Institutional investors own 55.88% of the company’s stock.

Analyst Ratings Changes

CG has been the subject of a number of recent research reports. Wolfe Research raised The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 target price for the company in a research note on Friday, January 3rd. StockNews.com cut shares of The Carlyle Group from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Wells Fargo & Company dropped their price target on shares of The Carlyle Group from $54.00 to $48.00 and set an “equal weight” rating for the company in a research report on Thursday. Barclays decreased their price objective on shares of The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Finally, Oppenheimer cut The Carlyle Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, The Carlyle Group presently has a consensus rating of “Hold” and an average price target of $54.53.

The Carlyle Group Stock Up 0.7 %

NASDAQ:CG opened at $44.13 on Monday. The Carlyle Group Inc. has a 1-year low of $36.65 and a 1-year high of $57.50. The company has a market capitalization of $15.94 billion, a PE ratio of 15.87, a P/E/G ratio of 0.98 and a beta of 1.73. The firm’s 50-day moving average price is $50.05 and its 200-day moving average price is $49.31. 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 for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. On average, equities analysts predict that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a dividend of $0.35 per share. The ex-dividend date was Friday, February 21st. This represents a $1.40 annualized dividend and a dividend yield of 3.17%. The Carlyle Group’s payout ratio is presently 50.36%.

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.