Meiji Yasuda Asset Management Co Ltd. Raises Stake in The Carlyle Group Inc. (NASDAQ:CG)

Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,104 shares of the financial services provider’s stock after buying an additional 450 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in The Carlyle Group were worth $460,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. National Pension Service acquired a new stake in shares of The Carlyle Group in the 4th quarter worth $25,000. Golden State Wealth Management LLC purchased a new position in The Carlyle Group during the fourth quarter worth about $25,000. Valley National Advisers Inc. lifted its position in The Carlyle Group by 149.3% in the fourth 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 during the period. Nisa Investment Advisors LLC boosted its holdings in The Carlyle Group by 253.1% in 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 in the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of The Carlyle Group during the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Trading Down 2.2 %

Shares of CG stock opened at $45.09 on Friday. The company has a market capitalization of $16.29 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 0.98 and a beta of 1.73. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.42. The firm has a 50-day moving average price of $49.52 and a 200 day moving average price of $49.38. The Carlyle Group Inc. has a twelve month low of $36.65 and a twelve month high of $57.50.

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 analysts’ consensus estimates of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. Research analysts forecast that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a dividend of $0.35 per share. The ex-dividend date was Friday, February 21st. This represents a $1.40 annualized dividend and a yield of 3.10%. The Carlyle Group’s dividend payout ratio (DPR) is presently 50.36%.

Analyst Ratings Changes

A number of research analysts recently weighed in on CG shares. StockNews.com lowered The Carlyle Group from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Evercore ISI increased their price target on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a report on Wednesday, February 12th. 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 report on Wednesday, February 12th. Oppenheimer cut shares of The Carlyle Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. Finally, Wells Fargo & Company decreased their price target on The Carlyle Group from $54.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 20th. 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 stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $54.53.

About The 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.