Louisiana State Employees Retirement System Invests $2.47 Million in The Carlyle Group Inc. (NASDAQ:CG)

Louisiana State Employees Retirement System purchased a new position in shares of The Carlyle Group Inc. (NASDAQ:CG) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 60,800 shares of the financial services provider’s stock, valued at approximately $2,474,000.

Several other large investors also recently made changes to their positions in the stock. YHB Investment Advisors Inc. bought a new stake in shares of The Carlyle Group during the 4th quarter worth about $202,000. Friedenthal Financial acquired a new stake in The Carlyle Group in the 4th quarter valued at approximately $755,000. Cerity Partners LLC acquired a new stake in The Carlyle Group in the 4th quarter valued at approximately $2,209,000. Mutual of America Capital Management LLC acquired a new stake in The Carlyle Group in the 4th quarter valued at approximately $5,410,000. Finally, Stiles Financial Services Inc grew its holdings in The Carlyle Group by 4.7% in the 4th quarter. Stiles Financial Services Inc now owns 12,473 shares of the financial services provider’s stock valued at $507,000 after buying an additional 560 shares during the last quarter. Institutional investors own 55.88% of the company’s stock.

Insider Buying and Selling at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. purchased 190,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were bought at an average cost of $12.95 per share, for a total transaction of $2,460,500.00. Following the completion of the acquisition, the insider now directly owns 1,066,189 shares in the company, valued at approximately $13,807,147.55. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 27.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CG. TD Cowen began coverage on The Carlyle Group in a research report on Thursday, January 4th. They issued a “market perform” rating and a $42.00 price objective for the company. UBS Group raised their price objective on The Carlyle Group from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. JPMorgan Chase & Co. raised their price objective on The Carlyle Group from $39.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Citigroup raised their price objective on The Carlyle Group from $41.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Finally, JMP Securities raised their price objective on The Carlyle Group from $52.00 to $58.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, The Carlyle Group currently has a consensus rating of “Hold” and an average price target of $43.07.

The Carlyle Group Stock Down 0.5 %

Shares of The Carlyle Group stock opened at $45.06 on Wednesday. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 1.52. The Carlyle Group Inc. has a 12 month low of $25.20 and a 12 month high of $48.52. The business has a fifty day simple moving average of $45.84 and a 200 day simple moving average of $38.84. The stock has a market cap of $16.32 billion, a PE ratio of -26.66, a price-to-earnings-growth ratio of 0.98 and a beta of 1.79.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.08. The Carlyle Group had a positive return on equity of 19.74% and a negative net margin of 20.53%. The business had revenue of $896.40 million during the quarter, compared to analysts’ expectations of $860.68 million. During the same period in the previous year, the firm earned $1.01 earnings per share. The firm’s quarterly revenue was down 15.4% compared to the same quarter last year. Research analysts predict that The Carlyle Group Inc. will post 3.93 EPS for the current year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 23rd were paid a $0.35 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.40 dividend on an annualized basis and a yield of 3.11%. The Carlyle Group’s payout ratio is -82.84%.

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.