Harvest Fund Management Co. Ltd Buys New Stake in The Carlyle Group Inc. (NASDAQ:CG)

Harvest Fund Management Co. Ltd purchased a new position in The Carlyle Group Inc. (NASDAQ:CG) in the 4th quarter, HoldingsChannel reports. The fund purchased 3,984 shares of the financial services provider’s stock, valued at approximately $201,000.

Several other institutional investors have also modified their holdings of the business. Arizona State Retirement System grew its stake in shares of The Carlyle Group by 0.3% in the fourth quarter. Arizona State Retirement System now owns 67,239 shares of the financial services provider’s stock worth $3,395,000 after acquiring an additional 220 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its stake in shares of The Carlyle Group by 0.3% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 80,820 shares of the financial services provider’s stock worth $4,081,000 after purchasing an additional 225 shares in the last quarter. DMC Group LLC grew its stake in shares of The Carlyle Group by 4.3% during the fourth quarter. DMC Group LLC now owns 6,932 shares of the financial services provider’s stock worth $350,000 after purchasing an additional 283 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of The Carlyle Group by 31.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,229 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 296 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in shares of The Carlyle Group by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 58,600 shares of the financial services provider’s stock worth $2,959,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Trading Up 0.7 %

NASDAQ CG opened at $44.13 on Friday. The stock has a market capitalization of $15.94 billion, a P/E ratio of 15.87, a P/E/G ratio of 0.98 and a beta of 1.73. The Carlyle Group Inc. has a 52-week low of $36.65 and a 52-week high of $57.50. The firm has a 50-day moving average price of $50.05 and a 200 day moving average price of $49.23. 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 Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share (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%. Equities research analysts expect that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Evercore ISI boosted their target price 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. Barclays lowered their target price on shares of 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. StockNews.com cut shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Oppenheimer cut shares of The Carlyle Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Finally, 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 report on Thursday. 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $54.53.

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.