Sumitomo Mitsui Trust Group Inc. Reduces Holdings in Carlyle Group Inc. $CG

Sumitomo Mitsui Trust Group Inc. lowered its position in Carlyle Group Inc. (NASDAQ:CG) by 4.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 483,692 shares of the financial services provider’s stock after selling 23,848 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Carlyle Group were worth $23,406,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CG. Swiss Life Asset Management Ltd lifted its stake in Carlyle Group by 162.3% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 119,907 shares of the financial services provider’s stock worth $7,518,000 after purchasing an additional 74,190 shares in the last quarter. Moore Capital Management LP acquired a new stake in shares of Carlyle Group in the third quarter valued at approximately $42,014,000. Franklin Street Advisors Inc. NC lifted its position in Carlyle Group by 7.6% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 724,039 shares of the financial services provider’s stock worth $42,798,000 after buying an additional 51,224 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Carlyle Group by 1.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,735,298 shares of the financial services provider’s stock valued at $457,233,000 after buying an additional 117,223 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Carlyle Group in the 4th quarter worth $1,935,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Carlyle Group Price Performance

Carlyle Group stock opened at $44.14 on Tuesday. The company’s 50 day simple moving average is $45.21 and its 200-day simple moving average is $51.04. The company has a debt-to-equity ratio of 1.92, a quick ratio of 2.55 and a current ratio of 2.55. Carlyle Group Inc. has a 1 year low of $39.60 and a 1 year high of $69.85. The company has a market capitalization of $15.89 billion, a price-to-earnings ratio of 30.23, a price-to-earnings-growth ratio of 1.48 and a beta of 1.84.

Carlyle Group (NASDAQ:CG) last posted its earnings results on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.02). The company had revenue of $750.90 million during 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 firm’s revenue for the quarter was down 28.0% on a year-over-year basis. During the same quarter last year, the business posted $1.14 EPS. As a group, equities research analysts expect that Carlyle Group Inc. will post 3.89 earnings per share for the current year.

Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Monday, May 18th. Carlyle Group’s payout ratio is currently 95.89%.

Wall Street Analyst Weigh In

CG has been the topic of several recent research reports. Citizens Jmp lowered their price target on shares of Carlyle Group from $75.00 to $70.00 and set a “market outperform” rating on the stock in a research report on Thursday, July 9th. Evercore set a $56.00 target price on shares of Carlyle Group in a report on Tuesday, April 21st. The Goldman Sachs Group dropped their price target 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. Weiss Ratings raised shares of Carlyle Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 6th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $52.00 price objective on shares of Carlyle Group in a report on Monday. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Carlyle Group has a consensus rating of “Hold” and a consensus price target of $60.71.

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.