The Carlyle Group Inc. (NASDAQ:CG) Shares Purchased by Korea Investment CORP

Korea Investment CORP grew its position in The Carlyle Group Inc. (NASDAQ:CG) by 28.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 165,660 shares of the financial services provider’s stock after acquiring an additional 36,873 shares during the quarter. Korea Investment CORP’s holdings in The Carlyle Group were worth $8,364,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in 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 acquiring an additional 777,304 shares during the period. Sargent Investment Group LLC grew its stake in The Carlyle Group by 6.5% during the 4th quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider’s stock worth $15,283,000 after buying an additional 18,537 shares during the last quarter. Franklin Street Advisors Inc. NC bought a new stake in The Carlyle Group in the fourth quarter valued at $17,671,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of The Carlyle Group by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,406,201 shares of the financial services provider’s stock valued at $70,999,000 after acquiring an additional 14,024 shares during the period. Finally, Blue Trust Inc. grew its holdings in The Carlyle Group by 26.9% in the 4th quarter. Blue Trust Inc. now owns 2,423 shares of the financial services provider’s stock worth $122,000 after buying an additional 514 shares in the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CG shares. Oppenheimer lowered The Carlyle Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. Wolfe Research upgraded shares of 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 report on Friday, January 3rd. Wells Fargo & Company reduced 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 note on Thursday, March 20th. Evercore ISI raised their price objective on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a research note on Wednesday, February 12th. Finally, Barclays decreased their price target on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a research note 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 MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $54.53.

The Carlyle Group Stock Up 1.0 %

Shares of NASDAQ:CG opened at $43.59 on Tuesday. The company has a market cap of $15.74 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 0.98 and a beta of 1.73. The firm has a 50 day simple moving average of $49.04 and a 200 day simple moving average of $49.61. 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 52 week low of $36.65 and a 52 week high of $57.50.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 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%. As a group, research analysts expect that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.

The Carlyle Group Announces Dividend

The company also recently disclosed 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 of this dividend was Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a yield of 3.21%. The Carlyle Group’s payout ratio is 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.