Geode Capital Management LLC lessened its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,883,602 shares of the financial services provider's stock after selling 37,299 shares during the quarter. Geode Capital Management LLC owned approximately 1.09% of The Carlyle Group worth $166,843,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Tobam bought a new position in The Carlyle Group in the 2nd quarter worth approximately $27,000. Blue Trust Inc. raised its stake in The Carlyle Group by 506.3% during the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 643 shares during the last quarter. Brooklyn Investment Group bought a new stake in The Carlyle Group in the 3rd quarter valued at $33,000. Rothschild Investment LLC bought a new position in shares of The Carlyle Group during the 2nd quarter worth about $50,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of The Carlyle Group by 1,600.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider's stock valued at $73,000 after buying an additional 1,600 shares during the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms have weighed in on CG. UBS Group lifted their price target on shares of The Carlyle Group from $43.00 to $54.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. TD Cowen boosted their target price on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a "hold" rating in a research note on Friday, November 8th. Wells Fargo & Company lifted their price target on shares of The Carlyle Group from $54.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Thursday. StockNews.com downgraded shares of The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Sunday, December 8th. Finally, Barclays increased their target price on The Carlyle Group from $57.00 to $59.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $54.00.
Check Out Our Latest Stock Analysis on The Carlyle Group
Insider Buying and Selling at The Carlyle Group
In other news, Director Daniel A. D'aniello sold 495,542 shares of the firm's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total value of $25,535,279.26. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Carlyle Group Inc. sold 133,643 shares of the company's stock in a transaction on Monday, October 7th. The stock was sold at an average price of $2.51, for a total value of $335,443.93. Following the sale, the insider now owns 4,767,697 shares of the company's stock, valued at $11,966,919.47. This trade represents a 2.73 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,171,556 shares of company stock valued at $29,222,475. 27.20% of the stock is currently owned by company insiders.
The Carlyle Group Price Performance
The Carlyle Group stock traded up $0.12 during mid-day trading on Monday, reaching $52.76. 1,886,269 shares of the company were exchanged, compared to its average volume of 2,350,043. The company has a fifty day simple moving average of $51.21 and a 200-day simple moving average of $45.07. The firm has a market cap of $18.87 billion, a PE ratio of 181.52, a PEG ratio of 1.45 and a beta of 1.69. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32. 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 released its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.08. The firm had revenue of $895.00 million for the quarter, compared to analysts' expectations of $908.17 million. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The business's revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.87 earnings per share. As a group, equities research analysts expect that The Carlyle Group Inc. will post 3.77 earnings per share for the current fiscal year.
The Carlyle Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were paid a dividend of $0.35 per share. The ex-dividend date was Monday, November 18th. This represents a $1.40 annualized dividend and a yield of 2.65%. The Carlyle Group's dividend payout ratio is currently 482.76%.
About The Carlyle Group
(
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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