Jones Financial Companies Lllp Raises Position in The Carlyle Group Inc. (NASDAQ:CG)

Jones Financial Companies Lllp boosted its stake in The Carlyle Group Inc. (NASDAQ:CG) by 2,469.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,569 shares of the financial services provider’s stock after buying an additional 2,469 shares during the quarter. Jones Financial Companies Lllp’s holdings in The Carlyle Group were worth $130,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC lifted its stake in The Carlyle Group by 72.8% in the 3rd quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock valued at $174,469,000 after buying an additional 1,707,520 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in The Carlyle Group by 22.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,107,301 shares of the financial services provider’s stock worth $90,740,000 after purchasing an additional 391,553 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in The Carlyle Group by 68.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock worth $82,651,000 after purchasing an additional 777,304 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in The Carlyle Group by 2.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,206 shares of the financial services provider’s stock worth $60,508,000 after purchasing an additional 36,549 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in The Carlyle Group by 1.2% in the 4th quarter. Rhumbline Advisers now owns 605,842 shares of the financial services provider’s stock worth $30,589,000 after purchasing an additional 7,218 shares in the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Evercore ISI raised their target price 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. Wells Fargo & Company decreased their target price on shares of The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Wolfe Research upgraded shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target for the company in a report on Friday, January 3rd. StockNews.com downgraded shares of The Carlyle Group from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Finally, Barclays cut their price target on shares of The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, The Carlyle Group presently has an average rating of “Hold” and an average price target of $54.93.

The Carlyle Group Stock Up 4.6 %

The Carlyle Group stock opened at $42.36 on Friday. The firm has a 50 day moving average price of $50.89 and a 200 day moving average price of $49.10. The company has a market capitalization of $15.30 billion, a PE ratio of 15.24, a price-to-earnings-growth 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 fifty-two week low of $36.65 and a fifty-two 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 the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. Research analysts expect that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.35 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.40 annualized dividend and a dividend yield of 3.31%. The Carlyle Group’s dividend payout ratio (DPR) is 50.36%.

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.