Bfsg LLC Increases Stock Holdings in Carlyle Group Inc. (NASDAQ:CG)

Bfsg LLC increased its holdings in Carlyle Group Inc. (NASDAQ:CG) by 13.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,130 shares of the financial services provider’s stock after buying an additional 818 shares during the period. Bfsg LLC’s holdings in Carlyle Group were worth $311,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CG. Korea Investment CORP boosted its stake in shares of Carlyle Group by 28.6% during the fourth quarter. Korea Investment CORP now owns 165,660 shares of the financial services provider’s stock valued at $8,364,000 after acquiring an additional 36,873 shares during the last quarter. Invesco Ltd. lifted its holdings in Carlyle Group by 9.7% in the 4th quarter. Invesco Ltd. now owns 650,735 shares of the financial services provider’s stock valued at $32,856,000 after purchasing an additional 57,606 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Carlyle Group by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,406,201 shares of the financial services provider’s stock worth $70,999,000 after purchasing an additional 14,024 shares during the last quarter. Orion Portfolio Solutions LLC purchased a new stake in shares of Carlyle Group during the fourth quarter worth about $425,000. Finally, Allstate Corp purchased a new position in shares of Carlyle Group during the fourth quarter valued at approximately $338,000. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on CG shares. Bank of America lowered their target price on shares of Carlyle Group from $47.00 to $46.00 and set an “underperform” rating for the company in a research note on Friday, April 4th. Cowen upgraded Carlyle Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. Citigroup lowered their price target on Carlyle Group from $55.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. TD Cowen raised shares of Carlyle Group from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Wednesday, May 14th. Finally, Barclays raised their target price on shares of Carlyle Group from $43.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Carlyle Group has a consensus rating of “Hold” and a consensus target price of $53.00.

Carlyle Group Price Performance

Shares of NASDAQ CG opened at $46.10 on Wednesday. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $16.65 billion, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 1.01 and a beta of 1.85. Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $57.50. The business has a 50 day simple moving average of $42.41 and a 200-day simple moving average of $46.92.

Carlyle Group (NASDAQ:CG) last released its earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.17. Carlyle Group had a net margin of 19.00% and a return on equity of 23.78%. The firm had revenue of $973.10 million during the quarter, compared to analyst estimates of $972.27 million. During the same quarter in the previous year, the firm earned $1.01 earnings per share. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, equities research analysts expect that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.40 dividend on an annualized basis and a yield of 3.04%. Carlyle Group’s payout ratio is currently 47.46%.

About 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.