Carlyle Group Inc. $CG Stake Raised by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in Carlyle Group Inc. (NASDAQ:CG) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,368,246 shares of the financial services provider’s stock after acquiring an additional 934,237 shares during the quarter. Vanguard Group Inc. owned about 0.07% of Carlyle Group worth $1,558,627,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CG. AQR Capital Management LLC raised its holdings in Carlyle Group by 937.5% during the 1st quarter. AQR Capital Management LLC now owns 57,335 shares of the financial services provider’s stock worth $2,499,000 after buying an additional 51,809 shares during the period. Goldman Sachs Group Inc. raised its holdings in Carlyle Group by 40.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,144,974 shares of the financial services provider’s stock worth $49,909,000 after buying an additional 332,533 shares during the period. Empowered Funds LLC raised its holdings in Carlyle Group by 3.4% during the 1st quarter. Empowered Funds LLC now owns 48,237 shares of the financial services provider’s stock worth $2,103,000 after buying an additional 1,579 shares during the period. Focus Partners Wealth raised its holdings in Carlyle Group by 27.4% during the 1st quarter. Focus Partners Wealth now owns 5,434 shares of the financial services provider’s stock worth $237,000 after buying an additional 1,169 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Carlyle Group by 755.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 574 shares during the period. Institutional investors and hedge funds own 55.88% of the company’s stock.

Insider Transactions at Carlyle Group

In other Carlyle Group news, Director David M. Rubenstein sold 500,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $46.68, for a total transaction of $23,340,000.00. Following the completion of the sale, the director owned 27,399,644 shares of the company’s stock, valued at $1,279,015,381.92. This represents a 1.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 26.30% of the stock is owned by insiders.

Carlyle Group Trading Up 4.7%

Shares of NASDAQ CG opened at $50.07 on Friday. The stock has a market cap of $18.08 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 1.03 and a beta of 2.05. The business has a 50 day simple moving average of $49.02 and a 200 day simple moving average of $54.78. Carlyle Group Inc. has a 52 week low of $38.36 and a 52 week high of $69.85. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.33 and a current ratio of 2.33.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.01 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.03). The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.09 billion. Carlyle Group had a net margin of 16.92% and a return on equity of 23.62%. The company’s quarterly revenue was up 84.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 EPS. On average, research analysts predict that Carlyle Group Inc. will post 4.41 earnings per share for the current fiscal year.

Carlyle Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Monday, February 16th were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.40 annualized dividend and a dividend yield of 2.8%. Carlyle Group’s payout ratio is presently 64.22%.

Analysts Set New Price Targets

CG has been the subject of several research reports. Wall Street Zen upgraded shares of Carlyle Group from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Royal Bank Of Canada started coverage on shares of Carlyle Group in a research report on Monday, February 23rd. They set an “outperform” rating and a $67.00 price objective on the stock. BMO Capital Markets lowered their price objective on shares of Carlyle Group from $65.00 to $58.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 24th. Evercore set a $56.00 price objective on shares of Carlyle Group in a research report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Carlyle Group from $67.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $65.57.

Carlyle Group Profile

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.