Renaissance Technologies LLC boosted its position in The Carlyle Group Inc. (NASDAQ:CG – Get Rating) by 15.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 856,899 shares of the financial services provider’s stock after acquiring an additional 117,599 shares during the period. Renaissance Technologies LLC owned 0.24% of The Carlyle Group worth $47,044,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in CG. Ellevest Inc. raised its stake in The Carlyle Group by 495.2% in the 4th quarter. Ellevest Inc. now owns 619 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 515 shares during the period. CWM LLC bought a new stake in shares of The Carlyle Group during the fourth quarter valued at about $56,000. Pacer Advisors Inc. bought a new stake in shares of The Carlyle Group during the fourth quarter valued at about $65,000. Edmond DE Rothschild Holding S.A. increased its position in shares of The Carlyle Group by 407.8% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 1,295 shares of the financial services provider’s stock valued at $71,000 after buying an additional 1,040 shares during the period. Finally, GraniteShares Advisors LLC bought a new stake in shares of The Carlyle Group during the fourth quarter valued at about $89,000. Institutional investors and hedge funds own 93.84% of the company’s stock.
Several research analysts have recently commented on CG shares. Morgan Stanley cut their price objective on The Carlyle Group from $59.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, April 20th. Deutsche Bank Aktiengesellschaft cut their price objective on The Carlyle Group from $68.00 to $64.00 in a report on Thursday. StockNews.com lowered The Carlyle Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. BMO Capital Markets cut their price objective on The Carlyle Group from $69.00 to $60.00 in a report on Friday, April 29th. Finally, The Goldman Sachs Group cut their price objective on The Carlyle Group from $66.00 to $56.00 and set a “buy” rating for the company in a report on Tuesday, March 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $58.45.
The Carlyle Group (NASDAQ:CG – Get Rating) last announced its earnings results on Thursday, April 28th. The financial services provider reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.28). The business had revenue of $779.50 million for the quarter, compared to the consensus estimate of $1.06 billion. The Carlyle Group had a net margin of 33.77% and a return on equity of 41.54%. The Carlyle Group’s revenue was up 27.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.58 EPS. On average, research analysts anticipate that The Carlyle Group Inc. will post 4.17 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 17th. Shareholders of record on Tuesday, May 10th were issued a $0.325 dividend. This is an increase from The Carlyle Group’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, May 9th. This represents a $1.30 dividend on an annualized basis and a yield of 3.54%. The Carlyle Group’s dividend payout ratio is 17.69%.
In other news, major shareholder Carlyle Group Inc. sold 85,323 shares of the stock in a transaction on Wednesday, April 13th. The stock was sold at an average price of $57.13, for a total value of $4,874,502.99. Following the sale, the insider now directly owns 41,671,945 shares of the company’s stock, valued at $2,380,718,217.85. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last three months, insiders sold 93,969 shares of company stock worth $5,369,291. Insiders own 29.80% of the company’s stock.
The Carlyle Group Company Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on The Carlyle Group (CG)
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