Thrivent Financial for Lutherans Has $22.26 Million Stake in The Carlyle Group Inc. (NASDAQ:CG)

Thrivent Financial for Lutherans reduced its stake in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 67.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 516,987 shares of the financial services provider's stock after selling 1,077,424 shares during the quarter. Thrivent Financial for Lutherans owned about 0.15% of The Carlyle Group worth $22,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the company. Capital World Investors raised its stake in shares of The Carlyle Group by 0.4% during the first quarter. Capital World Investors now owns 20,053,012 shares of the financial services provider's stock valued at $940,687,000 after acquiring an additional 79,681 shares in the last quarter. Ariel Investments LLC boosted its stake in shares of The Carlyle Group by 1.1% during the second quarter. Ariel Investments LLC now owns 4,937,725 shares of the financial services provider's stock valued at $198,250,000 after purchasing an additional 54,805 shares in the last quarter. Capital International Investors purchased a new stake in The Carlyle Group during the first quarter worth $142,511,000. Bank of New York Mellon Corp lifted its stake in shares of The Carlyle Group by 2.1% during the 2nd 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 purchasing an additional 55,662 shares during the last quarter. Finally, Boston Partners bought a new position in The Carlyle Group in the first quarter worth about $109,122,000. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

The Carlyle Group Trading Up 0.1 %

NASDAQ:CG traded up $0.07 during mid-day trading on Wednesday, reaching $51.21. The company's stock had a trading volume of 946,756 shares, compared to its average volume of 2,341,769. The stock has a market cap of $18.32 billion, a P/E ratio of 176.34, a P/E/G ratio of 1.33 and a beta of 1.70. The Carlyle Group Inc. has a twelve month low of $31.79 and a twelve month high of $54.52. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32. The company's fifty day simple moving average is $47.48 and its two-hundred day simple moving average is $43.81.

The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $895.00 million during the quarter, compared to analysts' expectations of $908.17 million. During the same quarter in the previous year, the business earned $0.87 EPS. The company's revenue for the quarter was up 15.2% on a year-over-year basis. On average, equities analysts predict that The Carlyle Group Inc. will post 3.77 EPS for the current year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders 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 yield of 2.73%. The Carlyle Group's dividend payout ratio is currently 482.76%.

Analysts Set New Price Targets

Several analysts have weighed in on CG shares. JMP Securities reissued a "market outperform" rating and set a $60.00 target price on shares of The Carlyle Group in a research report on Wednesday, October 9th. UBS Group lifted their target price on The Carlyle Group from $43.00 to $54.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Morgan Stanley upped their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an "equal weight" rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of The Carlyle Group from $55.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, August 15th. Finally, JPMorgan Chase & Co. upped their target price on The Carlyle Group from $44.00 to $50.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, The Carlyle Group currently has a consensus rating of "Hold" and an average price target of $53.33.

Insider Buying and Selling

In other The Carlyle Group news, Director Daniel A. D'aniello sold 495,542 shares of the business's stock in a transaction dated 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 sale, the director now directly owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. The trade was a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Carlyle Group Inc. sold 924,466 shares of the business'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 directly owns 3,643,231 shares in the company, valued at $7,796,514.34. This trade represents a 20.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,171,556 shares of company stock valued at $29,222,475. Insiders own 27.20% of the company's stock.

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.