Russell Investments Group Ltd. Has $55.13 Million Position in The Carlyle Group Inc. (NASDAQ:CG)

Russell Investments Group Ltd. lifted its stake in The Carlyle Group Inc. (NASDAQ:CG) by 65.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,091,923 shares of the financial services provider’s stock after acquiring an additional 433,879 shares during the quarter. Russell Investments Group Ltd.’s holdings in The Carlyle Group were worth $55,132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in The Carlyle Group in the fourth quarter worth approximately $25,000. National Pension Service bought a new stake in The Carlyle Group in the fourth quarter worth $25,000. Valley National Advisers Inc. raised its holdings in The Carlyle Group by 149.3% during the fourth quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock valued at $27,000 after buying an additional 327 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of The Carlyle Group by 253.1% in the fourth 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 increased its holdings in shares of The Carlyle Group by 8,090.9% during the 4th 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 during the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Trading Down 7.3 %

CG stock opened at $35.89 on Monday. 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 market cap of $12.96 billion, a P/E ratio of 12.91, a P/E/G ratio of 0.98 and a beta of 1.72. The Carlyle Group Inc. has a 1-year low of $30.67 and a 1-year high of $57.50. The business’s 50 day moving average is $47.81 and its 200-day moving average is $49.61.

The Carlyle Group (NASDAQ:CG) last posted its earnings results 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 return on equity of 24.02% and a net margin of 18.81%. Equities analysts anticipate that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group’s payout ratio is currently 50.36%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wolfe Research raised 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. Oppenheimer lowered shares of The Carlyle Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. StockNews.com cut shares of The Carlyle Group from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Bank of America dropped their price objective on The Carlyle Group from $47.00 to $46.00 and set an “underperform” rating on the stock in a research note on Friday. Finally, Barclays decreased their target price 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. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $54.00.

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.