The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by DNB Asset Management AS

DNB Asset Management AS lessened its stake in shares of The Carlyle Group Inc. (NASDAQ:CGFree Report) by 8.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 199,118 shares of the financial services provider’s stock after selling 19,555 shares during the period. DNB Asset Management AS owned 0.06% of The Carlyle Group worth $8,102,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Symmetry Partners LLC purchased a new stake in The Carlyle Group during the 4th quarter valued at about $207,000. Ramirez Asset Management Inc. purchased a new stake in shares of The Carlyle Group in the 3rd quarter valued at approximately $84,000. Mercer Global Advisors Inc. ADV grew its stake in shares of The Carlyle Group by 18.4% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 59,183 shares of the financial services provider’s stock valued at $1,785,000 after buying an additional 9,187 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of The Carlyle Group by 2,877.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 339,829 shares of the financial services provider’s stock valued at $10,249,000 after buying an additional 328,417 shares during the period. Finally, Royal London Asset Management Ltd. lifted its holdings in shares of The Carlyle Group by 1.6% in the 3rd quarter. Royal London Asset Management Ltd. now owns 62,424 shares of the financial services provider’s stock worth $1,883,000 after acquiring an additional 973 shares during the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Trading Down 1.3 %

NASDAQ CG opened at $44.58 on Friday. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.27 and a quick ratio of 2.27. The firm’s fifty day moving average price is $42.92 and its 200 day moving average price is $36.49. The company has a market capitalization of $16.14 billion, a price-to-earnings ratio of -26.38, a price-to-earnings-growth ratio of 1.02 and a beta of 1.80. The Carlyle Group Inc. has a 12 month low of $25.20 and a 12 month high of $48.52.

The Carlyle Group (NASDAQ:CGGet Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.08. The Carlyle Group had a negative net margin of 20.53% and a positive return on equity of 19.74%. The company had revenue of $896.40 million for the quarter, compared to the consensus estimate of $860.68 million. During the same period last year, the firm posted $1.01 EPS. The Carlyle Group’s revenue for the quarter was down 15.4% on a year-over-year basis. On average, sell-side analysts expect that The Carlyle Group Inc. will post 3.88 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 23rd were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend was Thursday, February 22nd. The Carlyle Group’s payout ratio is -82.84%.

Insider Activity

In other news, major shareholder Carlyle Group Inc. bought 190,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were acquired at an average price of $12.95 per share, with a total value of $2,460,500.00. Following the completion of the acquisition, the insider now directly owns 1,066,189 shares in the company, valued at $13,807,147.55. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 27.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CG. Evercore ISI lowered shares of The Carlyle Group from an “outperform” rating to an “in-line” rating and set a $32.00 price objective on the stock. in a report on Wednesday, November 29th. Citigroup increased their target price on shares of The Carlyle Group from $41.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. JPMorgan Chase & Co. increased their target price on shares of The Carlyle Group from $39.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Barclays increased their target price on shares of The Carlyle Group from $53.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Finally, Morgan Stanley increased their target price on shares of The Carlyle Group from $34.00 to $40.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.93.

Get Our Latest Stock Analysis on CG

About The Carlyle Group

(Free Report)

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.

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Institutional Ownership by Quarter for The Carlyle Group (NASDAQ:CG)

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