Channing Capital Management LLC Grows Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

Channing Capital Management LLC lifted its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 12.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 275,066 shares of the financial services provider’s stock after purchasing an additional 31,454 shares during the period. Channing Capital Management LLC owned about 0.08% of The Carlyle Group worth $11,192,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. William Blair Investment Management LLC raised its holdings in The Carlyle Group by 65.9% in the third quarter. William Blair Investment Management LLC now owns 8,877,428 shares of the financial services provider’s stock valued at $267,743,000 after acquiring an additional 3,524,794 shares in the last quarter. SeaTown Holdings Pte. Ltd. acquired a new stake in shares of The Carlyle Group in the 3rd quarter valued at about $29,949,000. Ariel Investments LLC grew its stake in The Carlyle Group by 16.9% in the third quarter. Ariel Investments LLC now owns 6,364,528 shares of the financial services provider’s stock worth $191,954,000 after purchasing an additional 918,114 shares in the last quarter. Wafra Inc. increased its holdings in The Carlyle Group by 295.8% in the third quarter. Wafra Inc. now owns 942,083 shares of the financial services provider’s stock valued at $28,413,000 after buying an additional 704,036 shares during the last quarter. Finally, Mizuho Markets Americas LLC bought a new position in The Carlyle Group during the 3rd quarter worth approximately $16,678,000. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder Carlyle Group Inc. acquired 190,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were acquired at an average price of $12.95 per share, with a total value of $2,460,500.00. Following the acquisition, the insider now owns 1,066,189 shares in the company, valued at approximately $13,807,147.55. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 27.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CG. Morgan Stanley boosted their price objective on shares of The Carlyle Group from $34.00 to $40.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Barclays cut their price target on The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating on the stock in a report on Thursday. Citigroup raised their target price on The Carlyle Group from $41.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. UBS Group increased their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. boosted their target price on shares of The Carlyle Group from $39.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $44.25.

The Carlyle Group Stock Up 1.2 %

NASDAQ:CG traded up $0.48 during trading hours on Friday, hitting $41.06. 2,767,766 shares of the company’s stock traded hands, compared to its average volume of 2,097,171. The Carlyle Group Inc. has a twelve month low of $25.20 and a twelve month high of $48.52. The firm has a market cap of $14.87 billion, a P/E ratio of -22.94, a P/E/G ratio of 0.87 and a beta of 1.77. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.27 and a current ratio of 2.53. The stock’s fifty day moving average price is $45.75 and its two-hundred day moving average price is $40.09.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.09. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $986.10 million. During the same quarter last year, the business posted $0.63 EPS. The company’s revenue for the quarter was up 35.6% on a year-over-year basis. On average, research analysts expect that The Carlyle Group Inc. will post 3.94 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th will be issued a dividend of $0.35 per share. The ex-dividend date is Monday, May 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.41%. The Carlyle Group’s dividend payout ratio is currently -78.21%.

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.