IFM Investors Pty Ltd Buys 293 Shares of The Carlyle Group Inc. (NASDAQ:CG)

IFM Investors Pty Ltd increased its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 0.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,829 shares of the financial services provider’s stock after purchasing an additional 293 shares during the quarter. IFM Investors Pty Ltd’s holdings in The Carlyle Group were worth $2,197,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Norden Group LLC bought a new position in The Carlyle Group in the first quarter valued at about $724,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in The Carlyle Group by 1.0% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 503,525 shares of the financial services provider’s stock valued at $23,620,000 after buying an additional 4,766 shares during the last quarter. State of Michigan Retirement System boosted its position in The Carlyle Group by 2.5% during the 1st quarter. State of Michigan Retirement System now owns 53,200 shares of the financial services provider’s stock worth $2,496,000 after buying an additional 1,300 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in The Carlyle Group by 4.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,207 shares of the financial services provider’s stock worth $526,000 after acquiring an additional 507 shares during the last quarter. Finally, O ROURKE & COMPANY Inc raised its stake in shares of The Carlyle Group by 10.9% during the first quarter. O ROURKE & COMPANY Inc now owns 16,241 shares of the financial services provider’s stock valued at $762,000 after acquiring an additional 1,599 shares during the last quarter. Institutional investors own 55.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. JMP Securities raised their price objective on The Carlyle Group from $52.00 to $58.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 8th. Barclays lifted their target price on shares of The Carlyle Group from $55.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Morgan Stanley upped their price target on shares of The Carlyle Group from $34.00 to $40.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. TheStreet lowered The Carlyle Group from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. Finally, TD Cowen began coverage on The Carlyle Group in a research report on Thursday, January 4th. They set a “market perform” rating and a $42.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, The Carlyle Group currently has a consensus rating of “Hold” and an average target price of $43.07.

Insider Activity

In other The Carlyle Group news, major shareholder Carlyle Group Inc. bought 190,000 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was purchased at an average price of $12.95 per share, for a total transaction of $2,460,500.00. Following the completion of the transaction, the insider now directly owns 1,066,189 shares of the company’s stock, valued at $13,807,147.55. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 27.00% of the company’s stock.

The Carlyle Group Stock Up 1.1 %

CG stock traded up $0.49 during trading on Friday, reaching $46.11. The stock had a trading volume of 788,959 shares, compared to its average volume of 1,841,456. The Carlyle Group Inc. has a one year low of $25.20 and a one year high of $48.52. The company’s 50 day moving average is $45.94 and its two-hundred day moving average is $39.57. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.52.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.08. The firm had revenue of $896.40 million during the quarter, compared to the consensus estimate of $860.68 million. The Carlyle Group had a positive return on equity of 19.74% and a negative net margin of 20.53%. The business’s revenue for the quarter was down 15.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 EPS. On average, analysts predict that The Carlyle Group Inc. will post 3.97 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 23rd were paid a $0.35 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.40 annualized dividend and a dividend yield of 3.04%. The Carlyle Group’s payout ratio is presently -82.84%.

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.