Dynamic Technology Lab Private Ltd Purchases 23,567 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Dynamic Technology Lab Private Ltd raised its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 301.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,395 shares of the financial services provider’s stock after acquiring an additional 23,567 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in The Carlyle Group were worth $1,585,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Arizona State Retirement System lifted its position in The Carlyle Group by 0.3% in the 4th quarter. Arizona State Retirement System now owns 67,239 shares of the financial services provider’s stock valued at $3,395,000 after acquiring an additional 220 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in shares of The Carlyle Group by 0.3% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 80,820 shares of the financial services provider’s stock valued at $4,081,000 after purchasing an additional 225 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of The Carlyle Group by 0.6% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 46,607 shares of the financial services provider’s stock worth $2,353,000 after buying an additional 258 shares during the period. DMC Group LLC grew its holdings in shares of The Carlyle Group by 4.3% during the fourth quarter. DMC Group LLC now owns 6,932 shares of the financial services provider’s stock worth $350,000 after buying an additional 283 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in The Carlyle Group by 31.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,229 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 296 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors.

The Carlyle Group Price Performance

NASDAQ:CG opened at $35.89 on Friday. The firm’s fifty day moving average price is $47.81 and its two-hundred day moving average price is $49.51. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32. The company has a market cap of $12.96 billion, a P/E ratio of 12.91, a P/E/G ratio of 0.98 and a beta of 1.73. The Carlyle Group Inc. has a one year low of $33.02 and a one year high of $57.50.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. Equities analysts expect that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group’s payout ratio is 50.36%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Evercore ISI lifted their price objective on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a report on Wednesday, February 12th. StockNews.com lowered shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Wells Fargo & Company decreased their price objective on The Carlyle Group from $54.00 to $48.00 and set an “equal weight” rating for the company in a report on Thursday, March 20th. Barclays dropped their target price on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Finally, Bank of America decreased their price target on The Carlyle Group from $47.00 to $46.00 and set an “underperform” rating for the company in a research note on Friday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. According to MarketBeat, The Carlyle Group currently has a consensus rating of “Hold” and a consensus target price of $54.00.

The Carlyle Group 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.