Rockefeller Capital Management L.P. Cuts Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

Rockefeller Capital Management L.P. cut its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 17.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 693,545 shares of the financial services provider's stock after selling 149,246 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.19% of The Carlyle Group worth $29,864,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CG. Ariel Investments LLC raised its holdings in shares of The Carlyle Group by 1.1% in the 2nd quarter. Ariel Investments LLC now owns 4,937,725 shares of the financial services provider's stock valued at $198,250,000 after buying an additional 54,805 shares during the period. FMR LLC boosted its position 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 valued at $174,469,000 after buying an additional 1,707,520 shares during the period. Bank of New York Mellon Corp grew its stake in shares of The Carlyle Group by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 2,727,870 shares of the financial services provider's stock worth $109,524,000 after acquiring an additional 55,662 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of The Carlyle Group by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,266,595 shares of the financial services provider's stock worth $90,999,000 after acquiring an additional 137,541 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in The Carlyle Group by 22.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,107,301 shares of the financial services provider's stock valued at $90,740,000 after purchasing an additional 391,553 shares during the period. 55.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Barclays boosted their price target on shares of The Carlyle Group from $50.00 to $57.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Evercore ISI increased their target price on The Carlyle Group from $45.00 to $47.00 and gave the company an "in-line" rating in a report on Monday, October 14th. Keefe, Bruyette & Woods lifted their price target on The Carlyle Group from $51.00 to $55.00 and gave the stock a "market perform" rating in a report on Friday, November 8th. Redburn Atlantic started coverage on The Carlyle Group in a research report on Tuesday, August 27th. They set a "buy" rating and a $55.00 target price on the stock. Finally, Wells Fargo & Company upped their price target on The Carlyle Group from $42.00 to $48.00 and gave the company an "equal weight" rating in a report on Wednesday, October 9th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, The Carlyle Group has a consensus rating of "Hold" and an average target price of $53.33.

The Carlyle Group Price Performance

The Carlyle Group stock traded up $0.53 during midday trading on Friday, reaching $53.23. The company's stock had a trading volume of 2,114,837 shares, compared to its average volume of 2,697,332. 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 $34.13 and a fifty-two week high of $55.11. The firm has a market capitalization of $19.04 billion, a PE ratio of 183.55, a P/E/G ratio of 1.41 and a beta of 1.70. The stock's 50 day simple moving average is $49.36 and its 200 day simple moving average is $44.41.

The Carlyle Group (NASDAQ:CG - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.08. The business 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 company's revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.87 EPS. On average, equities research analysts forecast that The Carlyle Group Inc. will post 3.77 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders 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 yield of 2.63%. The ex-dividend date of this dividend was Monday, November 18th. The Carlyle Group's dividend payout ratio (DPR) is presently 482.76%.

Insider Transactions at The Carlyle Group

In other The Carlyle Group news, Director Daniel A. D'aniello sold 495,542 shares of The Carlyle Group stock in a transaction that occurred on Tuesday, November 12th. The shares were 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 approximately $1,674,936,376.06. The trade was a 1.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Carlyle Group Inc. sold 924,466 shares of the firm's stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total value of $1,978,357.24. Following the sale, the insider now 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. Insiders sold a total of 2,171,556 shares of company stock valued at $29,222,475 over the last three months. 27.20% of the stock is currently owned by insiders.

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.