Dynamic Technology Lab Private Ltd Purchases 23,567 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Dynamic Technology Lab Private Ltd grew its position in The Carlyle Group Inc. (NASDAQ:CG) by 301.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,395 shares of the financial services provider’s stock after buying an additional 23,567 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in The Carlyle Group were worth $1,585,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Arizona State Retirement System lifted its stake in The Carlyle Group by 0.3% during the fourth quarter. Arizona State Retirement System now owns 67,239 shares of the financial services provider’s stock worth $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% during the 4th 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. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in 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 valued at $2,353,000 after buying an additional 258 shares in the last quarter. DMC Group LLC raised its stake in 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 acquiring an additional 283 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of The Carlyle Group by 31.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,229 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 296 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

The Carlyle Group Price Performance

The Carlyle Group stock opened at $35.89 on Friday. The stock’s 50 day moving average price is $47.81 and its two-hundred day moving average price is $49.51. The stock has a market capitalization of $12.96 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 0.98 and a beta of 1.73. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32. The Carlyle Group Inc. has a 52-week low of $33.02 and a 52-week high of $57.50.

The Carlyle Group (NASDAQ:CG) last posted its quarterly 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 return on equity of 24.02% and a net margin of 18.81%. On average, equities analysts predict that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.

The Carlyle Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CG shares. 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 The Carlyle Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Wells Fargo & Company reduced their price objective on The Carlyle Group from $54.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 20th. Wolfe Research upgraded 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. Finally, Evercore ISI upped their price objective on The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $54.00.

About The Carlyle Group

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.