Teacher Retirement System of Texas purchased a new position in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 33,981 shares of the financial services provider's stock, valued at approximately $1,481,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA lifted its position in Carlyle Group by 201.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,351,432 shares of the financial services provider's stock worth $320,684,000 after purchasing an additional 4,244,131 shares during the period. William Blair Investment Management LLC boosted its holdings in shares of Carlyle Group by 15.5% during the 4th quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider's stock worth $668,990,000 after buying an additional 1,773,465 shares in the last quarter. Frontier Capital Management Co. LLC boosted its holdings in shares of Carlyle Group by 98.8% during the 4th quarter. Frontier Capital Management Co. LLC now owns 2,455,963 shares of the financial services provider's stock worth $124,002,000 after buying an additional 1,220,827 shares in the last quarter. Norges Bank bought a new position in shares of Carlyle Group in the 4th quarter worth $44,532,000. Finally, Deutsche Bank AG raised its position in Carlyle Group by 250.1% in the 4th quarter. Deutsche Bank AG now owns 1,041,816 shares of the financial services provider's stock valued at $52,601,000 after buying an additional 744,238 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors.

Several equities research analysts have recently issued reports on CG shares. Citigroup raised Carlyle Group from a "neutral" rating to a "buy" rating and raised their target price for the company from $44.00 to $65.00 in a research report on Thursday. Cowen raised Carlyle Group from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Evercore ISI increased their price objective on Carlyle Group from $45.00 to $58.00 and gave the company an "in-line" rating in a research note on Thursday. JMP Securities decreased their target price on Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Finally, Wells Fargo & Company upped their price target on Carlyle Group from $49.00 to $61.00 and gave the stock an "equal weight" rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $56.93.

View Our Latest Stock Report on CG

Carlyle Group stock opened at $58.35 on Friday. Carlyle Group Inc. has a one year low of $33.02 and a one year high of $58.84. The business's fifty day moving average is $47.77 and its 200 day moving average is $47.01. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.36 and a quick ratio of 2.36. The stock has a market capitalization of $21.07 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 1.22 and a beta of 1.86.

Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The financial services provider reported $1.14 EPS for the quarter, topping the consensus estimate of $0.97 by $0.17. Carlyle Group had a return on equity of 23.78% and a net margin of 19.00%. The firm had revenue of $973.10 million for the quarter, compared to the consensus estimate of $972.27 million. During the same quarter last year, the company earned $1.01 earnings per share. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. On average, sell-side analysts predict that Carlyle Group Inc. will post 4.48 EPS for the current year.

The firm also recently announced 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. This represents a $1.40 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Monday, May 19th. Carlyle Group's dividend payout ratio (DPR) is presently 47.46%.

(Free Report)

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.

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