The Carlyle Group Inc. (NASDAQ:CG) Stake Lowered by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its stake in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 32.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 487,506 shares of the financial services provider's stock after selling 231,771 shares during the period. Principal Financial Group Inc. owned about 0.14% of The Carlyle Group worth $20,992,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Envestnet Portfolio Solutions Inc. bought a new stake in The Carlyle Group during the first quarter valued at $212,000. Empowered Funds LLC lifted its holdings in The Carlyle Group by 12.6% in the first quarter. Empowered Funds LLC now owns 26,977 shares of the financial services provider's stock worth $1,265,000 after acquiring an additional 3,015 shares during the last quarter. US Bancorp DE grew its holdings in shares of The Carlyle Group by 1.8% during the first quarter. US Bancorp DE now owns 77,533 shares of the financial services provider's stock valued at $3,637,000 after purchasing an additional 1,343 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of The Carlyle Group by 23.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 130,339 shares of the financial services provider's stock worth $6,114,000 after purchasing an additional 24,901 shares during the period. Finally, Blair William & Co. IL boosted its position in The Carlyle Group by 6.3% during the 1st quarter. Blair William & Co. IL now owns 45,823 shares of the financial services provider's stock valued at $2,150,000 after purchasing an additional 2,715 shares during the period. 55.88% of the stock is currently owned by institutional investors and hedge funds.

The Carlyle Group Price Performance

Shares of NASDAQ CG traded down $0.10 during midday trading on Thursday, reaching $51.24. The company's stock had a trading volume of 769,080 shares, compared to its average volume of 2,348,042. The Carlyle Group Inc. has a one year low of $31.21 and a one year high of $54.52. The company has a market cap of $18.33 billion, a price-to-earnings ratio of 177.03, a price-to-earnings-growth ratio of 1.38 and a beta of 1.70. The company has a 50 day moving average price of $46.42 and a 200 day moving average price of $43.57. 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 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 analysts' consensus estimates of $0.87 by $0.08. The company had revenue of $895.00 million during the quarter, compared to the consensus estimate of $908.17 million. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The company's quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.87 EPS. On average, equities research analysts expect 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 will be paid on Monday, November 25th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Monday, November 18th. The Carlyle Group's dividend payout ratio is presently 482.76%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CG. Oppenheimer raised 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. Redburn Atlantic started coverage on shares of The Carlyle Group in a research report on Tuesday, August 27th. They issued a "buy" rating and a $55.00 price objective on the stock. Keefe, Bruyette & Woods raised their price target on shares of The Carlyle Group from $51.00 to $55.00 and gave the company a "market perform" rating in a research note on Friday, November 8th. JPMorgan Chase & Co. boosted their price objective 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. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on The Carlyle Group from $55.00 to $53.00 and set a "buy" rating on the stock in a research report on Thursday, August 15th. Ten equities research analysts have rated the stock with a hold rating and six have assigned 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.

Insider Transactions at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 133,643 shares of The Carlyle Group stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $2.51, for a total transaction of $335,443.93. Following the transaction, the insider now directly owns 4,767,697 shares in the company, valued at approximately $11,966,919.47. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 1,676,014 shares of company stock valued at $3,687,196 over the last ninety days. Corporate insiders own 27.20% of the company's stock.

The Carlyle Group Company 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.