Sterling Capital Management LLC Has $655,000 Stake in The Carlyle Group Inc. (NASDAQ:CG)

Sterling Capital Management LLC boosted its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 54.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,976 shares of the financial services provider’s stock after acquiring an additional 4,586 shares during the quarter. Sterling Capital Management LLC’s holdings in The Carlyle Group were worth $655,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CG. Arizona State Retirement System lifted its stake in shares of The Carlyle Group by 0.3% in the 4th quarter. Arizona State Retirement System now owns 67,239 shares of the financial services provider’s stock valued at $3,395,000 after purchasing an additional 220 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its position in shares of The Carlyle Group by 0.3% in 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 buying an additional 225 shares during the last quarter. Aviva PLC increased its holdings in shares of The Carlyle Group by 1.3% during the 4th quarter. Aviva PLC now owns 17,408 shares of the financial services provider’s stock valued at $879,000 after acquiring an additional 227 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of The Carlyle Group by 0.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 46,607 shares of the financial services provider’s stock worth $2,353,000 after buying an additional 258 shares during the last quarter. Finally, DMC Group LLC increased its stake in shares of The Carlyle Group by 4.3% in 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 during the period. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CG has been the topic of several research analyst reports. Evercore ISI raised their price objective 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. Wolfe Research upgraded shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective on the stock in a report on Friday, January 3rd. Morgan Stanley decreased their target price on The Carlyle Group from $57.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Monday. StockNews.com downgraded The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Finally, Citigroup cut their target price on The Carlyle Group from $55.00 to $39.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $50.71.

The Carlyle Group Stock Down 4.7 %

Shares of NASDAQ:CG opened at $35.25 on Thursday. The Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $57.50. The firm has a market cap of $12.73 billion, a P/E ratio of 12.68, a P/E/G ratio of 0.98 and a beta of 1.72. 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 company’s 50-day moving average price is $44.27 and its two-hundred day moving average price is $49.03.

The Carlyle Group (NASDAQ:CG) last posted 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 return on equity of 24.02% and a net margin of 18.81%. As a group, research analysts forecast that The Carlyle Group Inc. will post 4.48 EPS 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 given a $0.35 dividend. 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 3.97%. The Carlyle Group’s payout ratio is 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.