Franklin Street Advisors Inc. NC Invests $17.67 Million in The Carlyle Group Inc. (NASDAQ:CG)

Franklin Street Advisors Inc. NC bought a new stake in The Carlyle Group Inc. (NASDAQ:CG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 349,984 shares of the financial services provider's stock, valued at approximately $17,671,000. Franklin Street Advisors Inc. NC owned about 0.10% of The Carlyle Group as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CG. Victory Capital Management Inc. lifted its stake in shares of The Carlyle Group by 8.7% in the second quarter. Victory Capital Management Inc. now owns 48,374 shares of the financial services provider's stock worth $1,942,000 after acquiring an additional 3,883 shares during the period. Quest Partners LLC lifted its stake in The Carlyle Group by 186.2% in the second quarter. Quest Partners LLC now owns 13,551 shares of the financial services provider's stock valued at $544,000 after buying an additional 8,817 shares during the period. Choreo LLC acquired a new position in The Carlyle Group in the second quarter valued at approximately $291,000. Royal London Asset Management Ltd. lifted its stake in The Carlyle Group by 0.7% in the second quarter. Royal London Asset Management Ltd. now owns 63,506 shares of the financial services provider's stock valued at $2,550,000 after buying an additional 442 shares during the period. Finally, Daiwa Securities Group Inc. lifted its stake in The Carlyle Group by 10.4% in the second quarter. Daiwa Securities Group Inc. now owns 15,973 shares of the financial services provider's stock valued at $641,000 after buying an additional 1,500 shares during the period. Institutional investors own 55.88% of the company's stock.

The Carlyle Group Stock Down 3.8 %

Shares of CG traded down $1.99 on Friday, reaching $50.32. The stock had a trading volume of 2,232,341 shares, compared to its average volume of 2,035,607. The firm has a market capitalization of $18.00 billion, a price-to-earnings ratio of 173.52, a price-to-earnings-growth ratio of 1.45 and a beta of 1.69. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The company has a 50-day simple moving average of $51.84 and a 200-day simple moving average of $46.36. The Carlyle Group Inc. has a 12-month low of $36.65 and a 12-month high of $55.11.

The Carlyle Group (NASDAQ:CG - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.87 by $0.08. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The company had revenue of $895.00 million for the quarter, compared to the consensus estimate of $908.17 million. During the same period in the prior year, the firm posted $0.87 EPS. The Carlyle Group's revenue for the quarter was up 15.2% on a year-over-year basis. Sell-side analysts predict that The Carlyle Group Inc. will post 3.77 EPS for the current year.

The Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.78%. The ex-dividend date was Monday, November 18th. The Carlyle Group's dividend payout ratio (DPR) is 482.76%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CG. UBS Group upped their target price on The Carlyle Group from $43.00 to $54.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. upped their target price on The Carlyle Group from $44.00 to $50.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods upped their price target on The Carlyle Group from $51.00 to $55.00 and gave the stock a "market perform" rating in a report on Friday, November 8th. JMP Securities reiterated a "market outperform" rating and set a $60.00 price target on shares of The Carlyle Group in a report on Wednesday, October 9th. Finally, Evercore ISI upped their price target on The Carlyle Group from $45.00 to $47.00 and gave the stock an "in-line" rating in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $54.38.

Insider Activity

In other news, Director Daniel A. D'aniello sold 495,542 shares of The Carlyle Group stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the sale, the director now owns 32,504,102 shares in the company, valued at $1,674,936,376.06. This trade represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Carlyle Group Inc. sold 275,000 shares of The Carlyle Group stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $2.20, for a total transaction of $605,000.00. Following the transaction, the insider now directly owns 2,405,461 shares of the company's stock, valued at $5,292,014.20. The trade was a 10.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,020,542 shares of company stock valued at $26,697,779 in the last 90 days. 27.20% of the stock is currently owned by insiders.

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.