Royal Bank of Canada Bolsters Stake in Carlyle Group Amidst Disappointing Earnings

Royal Bank of Canada has significantly increased its holdings in Carlyle Group Inc., purchasing an additional 474,667 shares during the first quarter. The institutional investor now owns approximately 0.25% of Carlyle Group's stock, worth $42,761,000.

This acquisition is part of a broader trend where institutional investors are increasing their stakes in Carlyle Group. Other large investors such as DMC Group LLC and Kestra Advisory Services LLC have also grown their positions in the company during the fourth quarter.

The financial services provider reported earnings per share (EPS) of $0.89 for the quarter, missing analysts' consensus estimates of $0.91 by ($0.02). Carlyle Group's revenue for the quarter was down 28.0% on a year-over-year basis.