Channing Capital Management LLC Purchases 31,454 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Channing Capital Management LLC raised its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 12.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 275,066 shares of the financial services provider’s stock after acquiring an additional 31,454 shares during the period. Channing Capital Management LLC’s holdings in The Carlyle Group were worth $11,192,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. raised its holdings in shares of The Carlyle Group by 2,258.9% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 11,205 shares of the financial services provider’s stock worth $456,000 after acquiring an additional 10,730 shares during the period. Amalgamated Bank raised its stake in shares of The Carlyle Group by 319.0% in the 4th quarter. Amalgamated Bank now owns 143,982 shares of the financial services provider’s stock valued at $5,859,000 after purchasing an additional 109,621 shares during the period. Levin Capital Strategies L.P. acquired a new position in shares of The Carlyle Group during the fourth quarter worth about $407,000. Natixis Advisors L.P. bought a new position in shares of The Carlyle Group during the fourth quarter worth about $6,480,000. Finally, FFT Wealth Management LLC lifted its stake in The Carlyle Group by 10.1% in the 4th quarter. FFT Wealth Management LLC now owns 10,075 shares of the financial services provider’s stock valued at $410,000 after acquiring an additional 922 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors.

The Carlyle Group Stock Performance

Shares of CG traded up $0.48 during trading hours on Friday, hitting $41.06. The company had a trading volume of 2,767,766 shares, compared to its average volume of 2,097,171. The business has a fifty day moving average of $45.75 and a 200-day moving average of $40.09. The company has a quick ratio of 2.27, a current ratio of 2.53 and a debt-to-equity ratio of 1.53. The firm has a market cap of $14.87 billion, a price-to-earnings ratio of -22.94, a PEG ratio of 0.87 and a beta of 1.77. The Carlyle Group Inc. has a 12 month low of $25.20 and a 12 month high of $48.52.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.09. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $986.10 million. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The business’s revenue was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.63 earnings per share. Equities analysts anticipate that The Carlyle Group Inc. will post 3.94 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Monday, May 13th. The Carlyle Group’s dividend payout ratio is currently -78.21%.

Insider Activity

In other The Carlyle Group news, major shareholder Carlyle Group Inc. bought 190,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were bought at an average cost of $12.95 per share, with a total value of $2,460,500.00. Following the completion of the acquisition, the insider now owns 1,066,189 shares of the company’s stock, valued at $13,807,147.55. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 27.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CG has been the subject of several research reports. Oppenheimer decreased their price target on shares of The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday. JMP Securities lifted their price target on shares of The Carlyle Group from $52.00 to $58.00 and gave the company a “market outperform” rating in a research note on Thursday, February 8th. Barclays reduced their price objective on shares of The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating for the company in a research note on Thursday. JPMorgan Chase & Co. lifted their target price on The Carlyle Group from $39.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $48.00 price target (down from $50.00) on shares of The Carlyle Group in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $44.25.

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.