Robeco Institutional Asset Management B.V. Sells 15,124 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Robeco Institutional Asset Management B.V. decreased its holdings in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 12.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,606 shares of the financial services provider's stock after selling 15,124 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in The Carlyle Group were worth $4,763,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CG. Tobam acquired a new position in The Carlyle Group during the second quarter worth $27,000. Blue Trust Inc. increased its holdings in shares of The Carlyle Group by 506.3% during the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 643 shares in the last quarter. Rothschild Investment LLC purchased a new position in The Carlyle Group in the 2nd quarter worth approximately $50,000. 1832 Asset Management L.P. acquired a new position in The Carlyle Group during the first quarter worth $55,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings 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 valued at $73,000 after purchasing an additional 1,600 shares during the period. Institutional investors and hedge funds own 55.88% of the company's stock.

Insider Buying and Selling at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 133,643 shares of The Carlyle Group stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $2.51, for a total transaction of $335,443.93. Following the completion of the transaction, the insider now directly owns 4,767,697 shares of the company's stock, valued at $11,966,919.47. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 1,676,014 shares of company stock worth $3,687,196 over the last quarter. Corporate insiders own 27.20% of the company's stock.

The Carlyle Group Stock Down 0.0 %

CG stock traded down $0.02 during trading on Friday, reaching $52.33. The stock had a trading volume of 3,324,443 shares, compared to its average volume of 2,513,819. The Carlyle Group Inc. has a one year low of $29.29 and a one year high of $54.52. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.75. The company's 50 day moving average is $45.62 and its two-hundred day moving average is $43.46.

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 (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.08. The company had revenue of $895.00 million for the quarter, compared to the consensus estimate of $908.17 million. The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The Carlyle Group's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.87 EPS. On average, analysts predict that The Carlyle Group Inc. will post 3.71 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Monday, November 18th will be issued a $0.35 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.68%. The Carlyle Group's dividend payout ratio (DPR) is currently -125.00%.

Analysts Set New Price Targets

Several research firms have recently issued reports on CG. UBS Group upped their price objective on The Carlyle Group from $43.00 to $54.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Evercore ISI boosted their price objective on The Carlyle Group from $45.00 to $47.00 and gave the stock an "in-line" rating in a research note on Monday, October 14th. JPMorgan Chase & Co. increased their target price on The Carlyle Group from $44.00 to $50.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Morgan Stanley lifted their price objective on The Carlyle Group from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 10th. Finally, TD Cowen lifted their price target on The Carlyle Group from $43.00 to $49.00 and gave the stock a "hold" rating in a report on Friday. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $52.87.

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.