Resona Asset Management Co. Ltd. Buys New Shares in The Carlyle Group Inc. (NASDAQ:CG)

Resona Asset Management Co. Ltd. bought a new stake in shares of The Carlyle Group Inc. (NASDAQ:CG) during the 4th quarter, Holdings Channel reports. The firm bought 64,162 shares of the financial services provider’s stock, valued at approximately $3,242,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Verition Fund Management LLC purchased a new position in shares of The Carlyle Group in the third quarter valued at about $316,000. HighTower Advisors LLC lifted its position in shares of The Carlyle Group by 1.1% in the third quarter. HighTower Advisors LLC now owns 39,421 shares of the financial services provider’s stock valued at $1,701,000 after acquiring an additional 415 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of The Carlyle Group by 116.0% in the third quarter. Janus Henderson Group PLC now owns 18,994 shares of the financial services provider’s stock valued at $818,000 after acquiring an additional 10,200 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of The Carlyle Group by 32.8% in the third quarter. Wellington Management Group LLP now owns 8,320 shares of the financial services provider’s stock valued at $358,000 after acquiring an additional 2,055 shares in the last quarter. Finally, MML Investors Services LLC lifted its position in shares of The Carlyle Group by 11.0% in the third quarter. MML Investors Services LLC now owns 17,085 shares of the financial services provider’s stock valued at $736,000 after acquiring an additional 1,688 shares in the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

The Carlyle Group Trading Up 11.7 %

CG opened at $39.56 on Thursday. The stock has a market cap of $14.29 billion, a price-to-earnings ratio of 14.23, a P/E/G ratio of 0.98 and a beta of 1.72. The stock’s 50 day moving average price is $45.92 and its 200-day moving average price is $49.31. The Carlyle Group Inc. has a one year low of $33.02 and a one year high of $57.50. 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 (NASDAQ:CG) last released 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%. On average, equities analysts forecast that The Carlyle Group Inc. will post 4.48 EPS for the current year.

The Carlyle Group Dividend Announcement

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 $0.35 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.54%. The Carlyle Group’s payout ratio is 50.36%.

Analysts Set New Price Targets

Several equities analysts have recently commented on CG shares. JMP Securities lowered their price objective on The Carlyle Group from $62.00 to $58.00 and set a “market outperform” rating on the stock in a research report on Tuesday. Wolfe Research upgraded 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. Barclays decreased their target price on The Carlyle Group from $55.00 to $43.00 and set an “overweight” rating on the stock in a research report on Monday. TD Cowen decreased their target price on The Carlyle Group from $54.00 to $37.00 and set a “hold” rating on the stock in a research report on Wednesday. Finally, Citigroup decreased their target price on The Carlyle Group from $55.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday. Two investment 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, the company has an average rating of “Hold” and a consensus price target of $51.06.

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.