Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 20,950 Shares of Carlyle Group Inc. $CG

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Carlyle Group Inc. (NASDAQ:CG) by 40.1% during the first quarter, Holdings Channel reports. The firm owned 73,236 shares of the financial services provider’s stock after purchasing an additional 20,950 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Carlyle Group were worth $3,544,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CG. AQR Capital Management LLC grew its stake in shares of Carlyle Group by 937.5% in the 1st quarter. AQR Capital Management LLC now owns 57,335 shares of the financial services provider’s stock worth $2,499,000 after acquiring an additional 51,809 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Carlyle Group by 40.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,144,974 shares of the financial services provider’s stock valued at $49,909,000 after buying an additional 332,533 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Carlyle Group by 3.4% during the 1st quarter. Empowered Funds LLC now owns 48,237 shares of the financial services provider’s stock worth $2,103,000 after buying an additional 1,579 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of Carlyle Group by 27.4% in the 1st quarter. Focus Partners Wealth now owns 5,434 shares of the financial services provider’s stock worth $237,000 after buying an additional 1,169 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Carlyle Group by 755.3% in the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 574 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

Carlyle Group Price Performance

Shares of NASDAQ:CG opened at $44.21 on Tuesday. The company has a 50-day moving average price of $45.65 and a two-hundred day moving average price of $51.60. Carlyle Group Inc. has a twelve month low of $39.60 and a twelve month high of $69.85. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.92. The firm has a market capitalization of $15.91 billion, a PE ratio of 30.41, a P/E/G ratio of 1.49 and a beta of 1.84.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. The business had revenue of $750.90 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. The business’s quarterly revenue was down 28.0% compared to the same quarter last year. Equities analysts forecast that Carlyle Group Inc. will post 3.98 EPS for the current year.

Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, May 18th. Carlyle Group’s dividend payout ratio (DPR) is presently 95.89%.

Analyst Ratings Changes

CG has been the topic of a number of recent analyst reports. BMO Capital Markets dropped their price target on Carlyle Group from $65.00 to $58.00 and set an “outperform” rating on the stock in a report on Tuesday, March 24th. Royal Bank Of Canada cut Carlyle Group from an “outperform” rating to a “sector perform” rating and set a $58.00 target price on the stock. in a research note on Monday, May 11th. JPMorgan Chase & Co. reduced their price target on shares of Carlyle Group from $66.00 to $63.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Weiss Ratings lowered shares of Carlyle Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, June 17th. Finally, Cfra downgraded shares of Carlyle Group to a “sell” rating and set a $45.00 target price for the company. in a research report on Friday, May 8th. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $62.00.

About Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.