Carlyle Group Inc. $CG Shares Sold by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd lowered its holdings in Carlyle Group Inc. (NASDAQ:CG) by 82.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,515 shares of the financial services provider’s stock after selling 99,392 shares during the period. Swiss Life Asset Management Ltd’s holdings in Carlyle Group were worth $1,213,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Carlyle Group by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 26,368,246 shares of the financial services provider’s stock worth $1,558,627,000 after acquiring an additional 934,237 shares in the last quarter. State Street Corp boosted its stake in shares of Carlyle Group by 20.9% during the 3rd quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock worth $623,372,000 after acquiring an additional 1,720,483 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Carlyle Group by 1.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,735,298 shares of the financial services provider’s stock worth $457,233,000 after acquiring an additional 117,223 shares in the last quarter. UBS Group AG boosted its stake in shares of Carlyle Group by 11.2% during the 3rd quarter. UBS Group AG now owns 4,037,257 shares of the financial services provider’s stock worth $253,136,000 after acquiring an additional 407,493 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Carlyle Group by 1.7% during the second quarter. Ameriprise Financial Inc. now owns 2,769,631 shares of the financial services provider’s stock valued at $142,359,000 after buying an additional 46,894 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Insider Buying and Selling at Carlyle Group

In other news, Director David M. Rubenstein sold 500,000 shares of the firm’s stock in a transaction dated 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 directly owned 27,399,644 shares of the company’s stock, valued at $1,279,015,381.92. This trade represents a 1.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 26.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have commented on CG. The Goldman Sachs Group reduced their price objective on shares of Carlyle Group from $81.00 to $69.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. BMO Capital Markets reduced their price objective on shares of Carlyle Group from $65.00 to $58.00 and set an “outperform” rating for the company in a research note on Tuesday, March 24th. Morgan Stanley cut their target price on shares of Carlyle Group from $71.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. Barclays cut their target price on shares of Carlyle Group from $67.00 to $63.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Finally, Weiss Ratings downgraded shares of Carlyle Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday. Seven analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Carlyle Group presently has an average rating of “Hold” and a consensus price target of $62.20.

Carlyle Group Trading Down 4.0%

NASDAQ:CG opened at $48.02 on Friday. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.55 and a quick ratio of 2.33. Carlyle Group Inc. has a fifty-two week low of $43.19 and a fifty-two week high of $69.85. The stock’s 50-day moving average is $48.63 and its two-hundred day moving average is $54.23. The stock has a market cap of $17.29 billion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 1.70 and a beta of 1.89.

Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). The company had revenue of $750.90 million for the quarter, compared to analyst estimates of $1.01 billion. Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. The company’s quarterly revenue was down 28.0% on a year-over-year basis. During the same period last year, the business earned $1.14 EPS. As a group, equities research analysts forecast that Carlyle Group Inc. will post 4.04 earnings per share for the current fiscal year.

Carlyle Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 18th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.9%. Carlyle Group’s dividend payout ratio (DPR) is 95.89%.

Carlyle Group Company 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.