Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Stake in The Carlyle Group Inc. (NASDAQ:CG)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 0.6% during the 4th quarter, HoldingsChannel reports. The fund owned 46,607 shares of the financial services provider’s stock after acquiring an additional 258 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in The Carlyle Group were worth $2,353,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. National Pension Service purchased a new stake in The Carlyle Group in the fourth quarter valued at $25,000. Golden State Wealth Management LLC purchased a new stake in The Carlyle Group in the 4th quarter valued at about $25,000. Valley National Advisers Inc. boosted its stake 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 worth $27,000 after buying an additional 327 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of The Carlyle Group by 253.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 405 shares during the period. Finally, Brooklyn Investment Group acquired a new position in shares of The Carlyle Group in the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Price Performance

CG stock opened at $46.24 on Tuesday. The stock has a market cap of $16.70 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 0.98 and a beta of 1.73. The Carlyle Group Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $57.50. 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 business has a 50 day moving average price of $49.96 and a 200 day moving average price of $49.37.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. Equities research 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 company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid 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 3.03%. The Carlyle Group’s dividend payout ratio is presently 50.36%.

Analysts Set New Price Targets

A number of analysts have issued reports on CG shares. Wolfe Research raised The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a research report on Friday, January 3rd. Oppenheimer lowered The Carlyle Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Evercore ISI boosted their price target 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. StockNews.com lowered shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Finally, Wells Fargo & Company reduced their target price on shares of The Carlyle Group from $54.00 to $48.00 and set an “equal weight” rating on the stock in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $54.53.

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.