Axa S.A. Invests $541,000 in The Carlyle Group Inc. (NASDAQ:CG)

Axa S.A. purchased a new stake in shares of The Carlyle Group Inc. (NASDAQ:CG) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,718 shares of the financial services provider’s stock, valued at approximately $541,000.

Several other hedge funds have also recently made changes to their positions in the business. National Pension Service acquired a new position in shares of The Carlyle Group during the fourth quarter valued at about $25,000. Golden State Wealth Management LLC bought a new stake in shares of The Carlyle Group during the fourth quarter valued at approximately $25,000. Valley National Advisers Inc. lifted its holdings in shares of The Carlyle Group by 149.3% in the 4th quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 327 shares in the last quarter. Nisa Investment Advisors LLC grew its position in The Carlyle Group by 253.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 405 shares during the period. Finally, Wilmington Savings Fund Society FSB lifted its stake in shares of The Carlyle Group by 8,090.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider’s stock valued at $45,000 after buying an additional 890 shares in the last quarter. 55.88% of the stock is owned by institutional investors.

The Carlyle Group Stock Performance

Shares of CG stock opened at $42.04 on Friday. The firm’s 50 day moving average is $40.35 and its 200 day moving average is $47.99. The stock has a market capitalization of $15.17 billion, a P/E ratio of 15.12, a PEG ratio of 0.98 and a beta of 1.85. The Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $57.50. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.42.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Friday, May 9th. The financial services provider reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.17. The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. The firm had revenue of $973.10 million during the quarter, compared to analyst estimates of $972.27 million. During the same period last year, the company earned $1.01 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, sell-side analysts anticipate that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.

The Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th will be given a $0.35 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.33%. The Carlyle Group’s dividend payout ratio (DPR) is currently 50.36%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. JMP Securities dropped their price target on shares of The Carlyle Group from $62.00 to $58.00 and set a “market outperform” rating on the stock in a research report on Tuesday, April 8th. Barclays lifted their target price on The Carlyle Group from $43.00 to $49.00 and gave the company an “overweight” rating in a research report on Friday. TD Cowen dropped their price objective on The Carlyle Group from $54.00 to $37.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. StockNews.com lowered shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Finally, Morgan Stanley cut their price target on shares of The Carlyle Group from $57.00 to $44.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $51.73.

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.