LGT Capital Partners LTD. Has $39.44 Million Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

LGT Capital Partners LTD. decreased its position in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 5.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 916,000 shares of the financial services provider's stock after selling 54,000 shares during the quarter. The Carlyle Group comprises approximately 1.4% of LGT Capital Partners LTD.'s investment portfolio, making the stock its 27th largest position. LGT Capital Partners LTD. owned approximately 0.26% of The Carlyle Group worth $39,443,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Capital International Investors bought a new position in The Carlyle Group during the first quarter worth $142,511,000. Boston Partners bought a new position in shares of The Carlyle Group in the 1st quarter worth $109,122,000. Massachusetts Financial Services Co. MA increased its stake in The Carlyle Group by 17,468.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,715,748 shares of the financial services provider's stock valued at $68,887,000 after purchasing an additional 1,705,982 shares in the last quarter. Marshall Wace LLP acquired a new position in The Carlyle Group during the second quarter worth $37,009,000. Finally, Canada Pension Plan Investment Board bought a new stake in The Carlyle Group during the first quarter worth $23,455,000. 55.88% of the stock is owned by institutional investors.

The Carlyle Group Stock Up 0.7 %

Shares of NASDAQ CG traded up $0.34 on Tuesday, hitting $51.20. The company had a trading volume of 768,347 shares, compared to its average volume of 2,341,461. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38. The Carlyle Group Inc. has a 12-month low of $31.21 and a 12-month high of $54.52. The business has a 50 day moving average of $47.21 and a two-hundred day moving average of $43.74. The firm has a market capitalization of $18.31 billion, a P/E ratio of 175.38, a PEG ratio of 1.33 and a beta of 1.70.

The Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.08. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. 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 previous year, the business earned $0.87 EPS. The Carlyle Group's revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, equities research analysts forecast that The Carlyle Group Inc. will post 3.77 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.35 per share. The ex-dividend date is Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.73%. The Carlyle Group's dividend payout ratio is currently 482.76%.

Insiders Place Their Bets

In other The Carlyle Group news, Director Daniel A. D'aniello sold 495,542 shares of the business's stock in a transaction dated 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 owns 32,504,102 shares of the company's stock, valued at $1,674,936,376.06. The trade was a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Carlyle Group Inc. sold 924,466 shares of the business's stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the transaction, the insider now directly owns 3,643,231 shares in the company, valued at $7,796,514.34. This trade represents a 20.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,171,556 shares of company stock worth $29,222,475. Corporate insiders own 27.20% of the company's stock.

Wall Street Analysts Forecast Growth

CG has been the topic of several research reports. Oppenheimer boosted their target price on The Carlyle Group from $78.00 to $85.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. Evercore ISI lifted their price objective on shares of The Carlyle Group from $45.00 to $47.00 and gave the company an "in-line" rating in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft reduced their price target on The Carlyle Group from $55.00 to $53.00 and set a "buy" rating for the company in a research report on Thursday, August 15th. Barclays upped their target price on The Carlyle Group from $50.00 to $57.00 and gave the company an "overweight" rating in a report on Friday, November 8th. Finally, Morgan Stanley lifted their price target 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. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $53.33.

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.