Boston Partners Grows Stake in The Carlyle Group Inc. (NASDAQ:CG)

Boston Partners grew its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 7.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,102,085 shares of the financial services provider’s stock after acquiring an additional 467,767 shares during the quarter. Boston Partners owned about 1.99% of The Carlyle Group worth $358,687,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CG. Atria Investments Inc increased its holdings in shares of The Carlyle Group by 283.9% in the 3rd quarter. Atria Investments Inc now owns 19,861 shares of the financial services provider’s stock valued at $855,000 after acquiring an additional 14,687 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of The Carlyle Group by 2.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 501,647 shares of the financial services provider’s stock valued at $21,601,000 after purchasing an additional 10,448 shares during the period. KBC Group NV boosted its position in shares of The Carlyle Group by 1.9% in the 3rd quarter. KBC Group NV now owns 54,539 shares of the financial services provider’s stock valued at $2,349,000 after purchasing an additional 1,024 shares during the period. CIBC Asset Management Inc boosted its position in shares of The Carlyle Group by 4.9% in the 3rd quarter. CIBC Asset Management Inc now owns 12,183 shares of the financial services provider’s stock valued at $525,000 after purchasing an additional 569 shares during the period. Finally, Quest Partners LLC boosted its position in shares of The Carlyle Group by 41.3% in the 3rd quarter. Quest Partners LLC now owns 19,142 shares of the financial services provider’s stock valued at $824,000 after purchasing an additional 5,591 shares during the period. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Stock Up 3.0 %

CG opened at $43.64 on Tuesday. The Carlyle Group Inc. has a 12 month low of $36.65 and a 12 month high of $57.50. The stock has a market capitalization of $15.76 billion, a P/E ratio of 15.70, a P/E/G ratio of 0.98 and a beta of 1.73. The business has a 50 day simple moving average of $50.70 and a 200-day simple moving average of $49.19. 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 released its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share 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%. On average, equities 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 company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.21%. The ex-dividend date was Friday, February 21st. The Carlyle Group’s payout ratio is currently 50.36%.

Wall Street Analysts Forecast Growth

CG has been the subject of a number of research analyst reports. StockNews.com cut The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. 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 research report on Wednesday, February 12th. Evercore ISI increased their price objective on The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating 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 objective for the company in a research report on Friday, January 3rd. Finally, Wells Fargo & Company decreased their price objective 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 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’s stock. According to data from MarketBeat.com, The Carlyle Group presently has a consensus rating of “Hold” and an average target price of $54.93.

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.