The Carlyle Group Inc. (NASDAQ:CG) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 68.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,919,439 shares of the financial services provider's stock after acquiring an additional 777,304 shares during the quarter. JPMorgan Chase & Co. owned about 0.54% of The Carlyle Group worth $82,651,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CG. Ariel Investments LLC increased its stake in The Carlyle Group by 1.1% in the second quarter. Ariel Investments LLC now owns 4,937,725 shares of the financial services provider's stock worth $198,250,000 after purchasing an additional 54,805 shares during the period. FMR LLC increased its stake in The Carlyle Group by 72.8% in the 3rd quarter. FMR LLC now owns 4,051,757 shares of the financial services provider's stock worth $174,469,000 after buying an additional 1,707,520 shares during the period. Dimensional Fund Advisors LP lifted its holdings in The Carlyle Group by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,266,595 shares of the financial services provider's stock valued at $90,999,000 after buying an additional 137,541 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in The Carlyle Group by 22.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,107,301 shares of the financial services provider's stock worth $90,740,000 after acquiring an additional 391,553 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of The Carlyle Group by 2.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,206 shares of the financial services provider's stock valued at $60,508,000 after acquiring an additional 36,549 shares in the last quarter. Institutional investors own 55.88% of the company's stock.

The Carlyle Group Price Performance

CG stock traded up $1.10 during mid-day trading on Friday, reaching $51.83. 1,943,695 shares of the company's stock were exchanged, compared to its average volume of 1,923,248. The company has a market cap of $18.54 billion, a price-to-earnings ratio of 178.72, a price-to-earnings-growth ratio of 1.45 and a beta of 1.69. The Carlyle Group Inc. has a 12-month low of $36.65 and a 12-month high of $55.11. The stock's 50 day moving average is $51.73 and its 200 day moving average is $46.02. 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 (NASDAQ:CG - Get Free Report) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (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 business had revenue of $895.00 million for the quarter, compared to analyst estimates of $908.17 million. During the same quarter last year, the business earned $0.87 earnings per share. The company's revenue for the quarter was up 15.2% compared to the same quarter last year. On average, research analysts expect that The Carlyle Group Inc. will post 3.77 EPS for the current year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend was Monday, November 18th. The Carlyle Group's payout ratio is 482.76%.

Analyst Ratings Changes

Several research analysts have issued reports on CG shares. Oppenheimer increased their target price on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an "outperform" rating in a report on Monday, November 11th. Wells Fargo & Company lifted their price objective on shares of The Carlyle Group from $54.00 to $56.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. TD Cowen upped their target price on The Carlyle Group from $43.00 to $49.00 and gave the stock a "hold" rating in a report on Friday, November 8th. Wolfe Research raised The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 price target for the company in a research report on Friday. Finally, Morgan Stanley raised their price objective on The Carlyle Group from $46.00 to $50.00 and gave the company an "equal weight" rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $54.38.

Insider Transactions at The Carlyle Group

In other The Carlyle Group news, Director Daniel A. D'aniello sold 495,542 shares of the firm's stock in a transaction 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 completion of the sale, the director now directly owns 32,504,102 shares of the company's stock, valued at $1,674,936,376.06. This trade represents a 1.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Carlyle Group Inc. sold 92,905 shares of the company's stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $2.27, for a total transaction of $210,894.35. Following the completion of the sale, the insider now directly owns 3,155,461 shares of the company's stock, valued at $7,162,896.47. This represents a 2.86 % 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. Corporate insiders own 27.20% of the company's stock.

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.