Capstone Capital Management Ltd Buys Shares of 16,554 Carlyle Group Inc. $CG

Capstone Capital Management Ltd purchased a new position in shares of Carlyle Group Inc. (NASDAQ:CG) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,554 shares of the financial services provider’s stock, valued at approximately $979,000. Carlyle Group accounts for approximately 0.9% of Capstone Capital Management Ltd’s investment portfolio, making the stock its 27th biggest holding.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Carlyle Group by 3.7% in the fourth 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 during the last quarter. State Street Corp grew its stake in Carlyle Group by 20.9% in the third quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock valued at $623,372,000 after purchasing an additional 1,720,483 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position 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 worth $457,233,000 after purchasing an additional 117,223 shares during the last quarter. UBS Group AG lifted its holdings 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 valued at $253,136,000 after buying an additional 407,493 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Carlyle Group by 1.7% in the 2nd 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 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 on Thursday, March 19th. The shares were sold at an average price of $46.68, for a total value of $23,340,000.00. Following the transaction, the director directly owned 27,399,644 shares in the company, valued at $1,279,015,381.92. The trade was a 1.79% decrease in their ownership of the stock. 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 corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Cfra downgraded shares of Carlyle Group to a “sell” rating and set a $45.00 price target on the stock. in a report on Friday, May 8th. Royal Bank Of Canada downgraded Carlyle Group from an “outperform” rating to a “sector perform” rating and set a $58.00 price target for the company. in a research note on Monday, May 11th. BMO Capital Markets cut their price objective on Carlyle Group from $65.00 to $58.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 24th. JPMorgan Chase & Co. decreased their target price on Carlyle Group from $66.00 to $63.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Finally, Weiss Ratings lowered shares of Carlyle Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Seven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $62.00.

Carlyle Group Price Performance

Shares of CG stock opened at $46.60 on Tuesday. The company has a market capitalization of $16.77 billion, a P/E ratio of 31.92, a P/E/G ratio of 1.63 and a beta of 1.89. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.92. Carlyle Group Inc. has a 12 month low of $43.19 and a 12 month high of $69.85. The stock has a 50 day moving average of $48.53 and a two-hundred day moving average of $54.12.

Carlyle Group (NASDAQ:CG) last issued 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). Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. The business had revenue of $750.90 million for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm posted $1.14 earnings per share. Carlyle Group’s revenue was down 28.0% on a year-over-year basis. As a group, equities analysts expect that Carlyle Group Inc. will post 4.04 EPS for the current year.

Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Monday, May 18th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Monday, May 18th. Carlyle Group’s dividend payout ratio 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.