Nomura Asset Management Co. Ltd. Acquires 16,439 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Nomura Asset Management Co. Ltd. increased its stake in The Carlyle Group Inc. (NASDAQ:CG) by 24.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,251 shares of the financial services provider’s stock after acquiring an additional 16,439 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in The Carlyle Group were worth $4,254,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. National Pension Service purchased a new position in shares of The Carlyle Group in the fourth quarter valued at about $25,000. Golden State Wealth Management LLC purchased a new position in The Carlyle Group during the 4th quarter valued at about $25,000. Valley National Advisers Inc. raised its position in The Carlyle Group by 149.3% during 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 during the last quarter. Nisa Investment Advisors LLC grew its position in shares of 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 worth $29,000 after buying an additional 405 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB raised its holdings in shares of The Carlyle Group by 8,090.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 890 shares in the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CG shares. Wells Fargo & Company reduced their price objective on shares of The Carlyle Group from $54.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 20th. Evercore ISI increased their price target on shares of The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 12th. Oppenheimer downgraded The Carlyle Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. Wolfe Research upgraded 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. Finally, Barclays decreased their price objective on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $54.53.

The Carlyle Group Price Performance

Shares of CG opened at $44.27 on Wednesday. The company has a market capitalization of $15.99 billion, a P/E ratio of 15.92, a price-to-earnings-growth ratio of 0.98 and a beta of 1.73. The Carlyle Group Inc. has a twelve month low of $36.65 and a twelve month high of $57.50. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42. The firm has a 50 day moving average of $48.80 and a 200 day moving average of $49.64.

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

The Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.16%. The ex-dividend date was Friday, February 21st. The Carlyle Group’s dividend payout ratio is currently 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.