Diversified Trust Co Reduces Position in The Carlyle Group Inc. (NASDAQ:CG)

Diversified Trust Co cut its position in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 31.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,564 shares of the financial services provider's stock after selling 19,014 shares during the period. Diversified Trust Co's holdings in The Carlyle Group were worth $2,048,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of The Carlyle Group by 72.8% in the third quarter. FMR LLC now owns 4,051,757 shares of the financial services provider's stock valued at $174,469,000 after purchasing an additional 1,707,520 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of The Carlyle Group by 17,468.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,715,748 shares of the financial services provider's stock worth $68,887,000 after purchasing an additional 1,705,982 shares during the period. Marshall Wace LLP bought a new position in shares of The Carlyle Group during the second quarter valued at approximately $37,009,000. JPMorgan Chase & Co. raised its stake in The Carlyle Group by 68.1% in the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider's stock worth $82,651,000 after buying an additional 777,304 shares in the last quarter. Finally, Phase 2 Partners LLC purchased a new stake in The Carlyle Group during the third quarter worth $7,402,000. Hedge funds and other institutional investors own 55.88% of the company's stock.

The Carlyle Group Stock Performance

NASDAQ CG traded up $0.76 on Wednesday, reaching $52.31. 1,603,969 shares of the company's stock traded hands, compared to its average volume of 1,996,274. The stock has a 50 day moving average price of $51.80 and a 200-day moving average price of $46.32. The firm has a market cap of $18.71 billion, a price-to-earnings ratio of 180.38, a P/E/G ratio of 1.45 and a beta of 1.69. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The Carlyle Group Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $55.11.

The Carlyle Group (NASDAQ:CG - Get Free Report) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 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 firm had revenue of $895.00 million for the quarter, compared to analyst estimates of $908.17 million. During the same period last year, the company earned $0.87 earnings per share. The Carlyle Group's revenue for the quarter was up 15.2% compared to the same quarter last year. Equities research analysts predict that The Carlyle Group Inc. will post 3.77 EPS 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. Stockholders of record on Monday, November 18th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date was Monday, November 18th. The Carlyle Group's dividend payout ratio (DPR) is presently 482.76%.

Wall Street Analysts Forecast Growth

CG has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on The Carlyle Group from $54.00 to $56.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. JMP Securities reiterated a "market outperform" rating and set a $60.00 price objective on shares of The Carlyle Group in a research note on Wednesday, October 9th. Evercore ISI lifted their price target on shares of The Carlyle Group from $45.00 to $47.00 and gave the stock an "in-line" rating in a report on Monday, October 14th. JPMorgan Chase & Co. increased their price objective on The Carlyle Group from $44.00 to $50.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. Finally, Oppenheimer boosted their target price on The Carlyle Group from $78.00 to $85.00 and gave the stock an "outperform" rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $54.38.

Insider Activity at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 92,905 shares of The Carlyle Group stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $2.27, for a total value of $210,894.35. Following the sale, the insider now owns 3,155,461 shares in the company, valued at $7,162,896.47. This trade represents a 2.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel A. D'aniello sold 495,542 shares of the firm's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the completion of the transaction, the director now directly owns 32,504,102 shares in the company, valued at $1,674,936,376.06. This represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,113,447 shares of company stock worth $26,908,674 in the last 90 days. 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.