The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its holdings in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 4.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 255,417 shares of the financial services provider's stock after selling 11,092 shares during the period. Retirement Systems of Alabama owned about 0.07% of The Carlyle Group worth $10,998,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its holdings in The Carlyle Group by 145.6% during the third quarter. Franklin Resources Inc. now owns 28,210 shares of the financial services provider's stock valued at $1,215,000 after purchasing an additional 16,723 shares during the period. Tidal Investments LLC bought a new position in shares of The Carlyle Group during the 3rd quarter worth $212,000. Toronto Dominion Bank raised its position in shares of The Carlyle Group by 15.0% in the third quarter. Toronto Dominion Bank now owns 57,801 shares of the financial services provider's stock valued at $2,489,000 after purchasing an additional 7,533 shares during the period. Empire Financial Management Company LLC bought a new position in The Carlyle Group in the 3rd quarter worth approximately $818,000. Finally, MML Investors Services LLC grew its stake in The Carlyle Group by 11.0% in the 3rd quarter. MML Investors Services LLC now owns 17,085 shares of the financial services provider's stock valued at $736,000 after buying an additional 1,688 shares in the last quarter. 55.88% of the stock is owned by institutional investors.

The Carlyle Group Price Performance

The Carlyle Group stock traded down $0.98 during mid-day trading on Tuesday, reaching $51.78. 2,685,217 shares of the company's stock traded hands, compared to its average volume of 2,351,422. The Carlyle Group Inc. has a 12-month low of $36.65 and a 12-month high of $55.11. The company has a market cap of $18.52 billion, a price-to-earnings ratio of 178.55, a PEG ratio of 1.45 and a beta of 1.69. The stock has a 50 day moving average of $51.43 and a two-hundred day moving average of $45.20. 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 (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 for the quarter, beating analysts' consensus estimates of $0.87 by $0.08. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The business had revenue of $895.00 million for the quarter, compared to analysts' expectations of $908.17 million. The business's revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.87 earnings per share. Equities 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 paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a yield of 2.70%. The Carlyle Group's dividend payout ratio is currently 482.76%.

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 924,466 shares of the stock in a transaction that occurred on 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 directly owns 3,643,231 shares in the company, valued at approximately $7,796,514.34. This trade represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel A. D'aniello sold 495,542 shares of the company's stock in a transaction on 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 sale, the director now owns 32,504,102 shares of the company's stock, valued at approximately $1,674,936,376.06. This represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,171,556 shares of company stock valued at $29,222,475. 27.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CG. TD Cowen boosted their price objective on The Carlyle Group from $43.00 to $49.00 and gave the stock a "hold" rating in a report on Friday, November 8th. JMP Securities reiterated a "market outperform" rating and issued a $60.00 target price on shares of The Carlyle Group in a research report on Wednesday, October 9th. Morgan Stanley raised their price objective on The Carlyle Group from $46.00 to $50.00 and gave the company an "equal weight" rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods increased their target price on The Carlyle Group from $51.00 to $55.00 and gave the company a "market perform" rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. boosted their price objective on The Carlyle Group from $44.00 to $50.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $54.00.

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.