The Carlyle Group Inc. (NASDAQ:CG) Position Increased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. boosted its stake in The Carlyle Group Inc. (NASDAQ:CGGet Rating) by 34.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,354 shares of the financial services provider’s stock after buying an additional 4,470 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in The Carlyle Group were worth $448,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. IFM Investors Pty Ltd grew its holdings in The Carlyle Group by 50.9% in the 2nd quarter. IFM Investors Pty Ltd now owns 33,565 shares of the financial services provider’s stock worth $1,063,000 after buying an additional 11,325 shares in the last quarter. Visionary Wealth Advisors increased its holdings in shares of The Carlyle Group by 7.4% during the second quarter. Visionary Wealth Advisors now owns 9,614 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 661 shares during the period. Bank of Nova Scotia lifted its holdings in The Carlyle Group by 345.4% in the second quarter. Bank of Nova Scotia now owns 2,466,850 shares of the financial services provider’s stock worth $78,100,000 after purchasing an additional 1,912,977 shares during the period. Aviva PLC grew its position in The Carlyle Group by 420.5% in the 2nd quarter. Aviva PLC now owns 254,652 shares of the financial services provider’s stock valued at $8,062,000 after buying an additional 205,729 shares in the last quarter. Finally, Frontier Capital Management Co. LLC raised its position in shares of The Carlyle Group by 6.5% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 225,085 shares of the financial services provider’s stock worth $7,126,000 after buying an additional 13,683 shares in the last quarter. 52.69% of the stock is currently owned by institutional investors.

The Carlyle Group Price Performance

Shares of NASDAQ:CG opened at $32.56 on Wednesday. The company has a market cap of $11.84 billion, a P/E ratio of 6.81 and a beta of 1.68. The company’s fifty day moving average is $29.58 and its two-hundred day moving average is $30.82. The company has a quick ratio of 2.59, a current ratio of 2.60 and a debt-to-equity ratio of 1.16. The Carlyle Group Inc. has a 12-month low of $24.59 and a 12-month high of $54.13.

The Carlyle Group (NASDAQ:CGGet Rating) last posted its quarterly earnings results on Tuesday, November 8th. The financial services provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.38. The Carlyle Group had a return on equity of 36.19% and a net margin of 30.52%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.08 billion. Equities analysts expect that The Carlyle Group Inc. will post 4.26 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 25th. Investors of record on Friday, November 18th were given a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend was Thursday, November 17th. The Carlyle Group’s payout ratio is presently 27.20%.

Wall Street Analysts Forecast Growth

CG has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered their price objective on shares of The Carlyle Group from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, November 9th. Deutsche Bank Aktiengesellschaft upped their price objective on The Carlyle Group from $33.00 to $35.00 and gave the company a “buy” rating in a report on Tuesday, November 15th. StockNews.com lowered The Carlyle Group from a “hold” rating to a “sell” rating in a report on Wednesday, November 23rd. Oppenheimer upped their price target on shares of The Carlyle Group to $60.00 in a report on Wednesday, December 14th. Finally, Keefe, Bruyette & Woods downgraded shares of The Carlyle Group from an “outperform” rating to a “market perform” rating and set a $36.00 target price on the stock. in a report on Monday, January 2nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $38.38.

The Carlyle Group Profile

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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.

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Institutional Ownership by Quarter for The Carlyle Group (NASDAQ:CG)

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