The Carlyle Group Inc. (NASDAQ:CG) Holdings Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 40.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 448,938 shares of the financial services provider’s stock after purchasing an additional 129,390 shares during the quarter. Victory Capital Management Inc. owned about 0.12% of The Carlyle Group worth $18,267,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CG. William Blair Investment Management LLC boosted its position in shares of The Carlyle Group by 65.9% during the third quarter. William Blair Investment Management LLC now owns 8,877,428 shares of the financial services provider’s stock worth $267,743,000 after buying an additional 3,524,794 shares during the period. Ariel Investments LLC raised its stake in shares of The Carlyle Group by 16.9% during the third quarter. Ariel Investments LLC now owns 6,364,528 shares of the financial services provider’s stock valued at $191,954,000 after purchasing an additional 918,114 shares in the last quarter. FMR LLC lifted its holdings in The Carlyle Group by 11.0% in the third quarter. FMR LLC now owns 2,134,653 shares of the financial services provider’s stock worth $64,381,000 after purchasing an additional 211,210 shares during the period. Northern Trust Corp grew its position in The Carlyle Group by 1.3% in the 3rd quarter. Northern Trust Corp now owns 1,571,464 shares of the financial services provider’s stock valued at $47,395,000 after buying an additional 20,915 shares in the last quarter. Finally, LGT Capital Partners LTD. raised its position in shares of The Carlyle Group by 1.5% during the 4th quarter. LGT Capital Partners LTD. now owns 1,420,500 shares of the financial services provider’s stock worth $57,800,000 after buying an additional 20,500 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on CG shares. Jefferies Financial Group lowered their price objective on shares of The Carlyle Group from $49.00 to $44.00 and set a “hold” rating on the stock in a research note on Thursday. Morgan Stanley upped their price objective on The Carlyle Group from $34.00 to $40.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Citigroup lifted their target price on The Carlyle Group from $41.00 to $45.00 and gave the stock a “neutral” rating in a report 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 report on Thursday, May 2nd. Finally, JMP Securities boosted their target price on shares of The Carlyle Group from $52.00 to $58.00 and gave the stock a “market outperform” rating in a report on Thursday, February 8th. One equities research 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 stock currently has an average rating of “Hold” and a consensus price target of $45.60.

The Carlyle Group Stock Performance

CG opened at $42.37 on Friday. The stock has a 50-day moving average of $45.52 and a 200-day moving average of $40.39. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.27 and a current ratio of 2.53. The Carlyle Group Inc. has a 52-week low of $25.47 and a 52-week high of $48.52. The company has a market cap of $15.34 billion, a PE ratio of -23.67, a price-to-earnings-growth ratio of 1.01 and a beta of 1.77.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.92 by $0.09. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.63 earnings per share. As a group, equities research analysts forecast that The Carlyle Group Inc. will post 3.94 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Monday, May 13th. The Carlyle Group’s dividend payout ratio is currently -78.21%.

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.