The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its holdings in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 8.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 113,638 shares of the financial services provider's stock after selling 9,991 shares during the quarter. Mutual of America Capital Management LLC's holdings in The Carlyle Group were worth $4,893,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Tobam bought a new stake in shares of The Carlyle Group in the 2nd quarter valued at about $27,000. Blue Trust Inc. grew its holdings in shares of The Carlyle Group by 506.3% in the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider's stock worth $31,000 after purchasing an additional 643 shares during the last quarter. 1832 Asset Management L.P. bought a new stake in The Carlyle Group during the 1st quarter valued at $55,000. Rothschild Investment LLC bought a new stake in The Carlyle Group in the 2nd quarter worth $50,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of The Carlyle Group by 1,600.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider's stock worth $73,000 after purchasing an additional 1,600 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company's stock.

The Carlyle Group Stock Performance

CG stock traded up $0.37 on Thursday, hitting $51.60. The company had a trading volume of 568,560 shares, compared to its average volume of 2,338,843. The Carlyle Group Inc. has a 12-month low of $32.09 and a 12-month high of $54.52. The stock's 50-day simple moving average is $47.75 and its 200 day simple moving average is $43.86. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38. The stock has a market cap of $18.46 billion, a price-to-earnings ratio of 176.66, a P/E/G ratio of 1.35 and a beta of 1.70.

The Carlyle Group (NASDAQ:CG - Get Free Report) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.08. The company 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 Carlyle Group's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period last year, the firm earned $0.87 EPS. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Monday, November 18th. The Carlyle Group's dividend payout ratio is presently 482.76%.

Analysts Set New Price Targets

Several brokerages have commented on CG. TD Cowen upped their price objective on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a "hold" rating in a report on Friday, November 8th. Oppenheimer lifted their price objective on The Carlyle Group from $78.00 to $85.00 and gave the company an "outperform" rating in a research report on Monday, November 11th. StockNews.com upgraded The Carlyle Group from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th. Morgan Stanley increased their price objective on The Carlyle Group from $46.00 to $50.00 and gave the stock an "equal weight" rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. upped their target price on shares of The Carlyle Group from $44.00 to $50.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $53.33.

Insiders Place Their Bets

In related news, Director Daniel A. D'aniello sold 495,542 shares of the business's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the transaction, the director now directly owns 32,504,102 shares in the company, valued at $1,674,936,376.06. The trade was a 1.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Carlyle Group Inc. sold 924,466 shares of the company's stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the transaction, the insider now owns 3,643,231 shares in the company, valued at approximately $7,796,514.34. This trade represents a 20.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,171,556 shares of company stock worth $29,222,475 in the last ninety days. 27.20% of the stock is owned by company 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.