Teachers Retirement System of The State of Kentucky Acquires Shares of 76,000 The Carlyle Group Inc. (NASDAQ:CG)

Teachers Retirement System of The State of Kentucky acquired a new stake in The Carlyle Group Inc. (NASDAQ:CG) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 76,000 shares of the financial services provider’s stock, valued at approximately $3,092,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CVA Family Office LLC purchased a new stake in shares of The Carlyle Group during the 4th quarter worth approximately $35,000. GAMMA Investing LLC purchased a new stake in shares of The Carlyle Group during the 4th quarter worth approximately $38,000. Clear Street Markets LLC purchased a new stake in shares of The Carlyle Group during the 3rd quarter worth approximately $50,000. Gold Investment Management Ltd. purchased a new position in The Carlyle Group in the 4th quarter valued at approximately $56,000. Finally, Ramirez Asset Management Inc. purchased a new position in The Carlyle Group in the 3rd quarter valued at approximately $84,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Analyst Ratings Changes

CG has been the subject of a number of recent research reports. Jefferies Financial Group reduced their price objective on shares of The Carlyle Group from $49.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $48.00 price objective (down from $50.00) on shares of The Carlyle Group in a research note on Thursday, May 2nd. TD Cowen reduced their price objective on shares of The Carlyle Group from $49.00 to $45.00 and set a “hold” rating for the company in a research note on Thursday, May 2nd. UBS Group raised their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Finally, Barclays cut their price target on shares of The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, The Carlyle Group currently has a consensus rating of “Hold” and a consensus price target of $45.60.

Insider Activity at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 64,263 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $40.23, for a total value of $2,585,300.49. Following the transaction, the insider now owns 12,395,920 shares in the company, valued at $498,687,861.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 291,886 shares of company stock worth $10,803,048 over the last 90 days. 27.20% of the stock is owned by company insiders.

The Carlyle Group Stock Performance

NASDAQ CG opened at $39.56 on Thursday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.53 and a current ratio of 2.53. The company has a market capitalization of $14.24 billion, a P/E ratio of -22.10, a P/E/G ratio of 1.11 and a beta of 1.77. The company has a fifty day moving average of $42.94 and a 200-day moving average of $42.79. The Carlyle Group Inc. has a 52-week low of $27.13 and a 52-week high of $48.52.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.09. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $986.10 million. During the same quarter in the previous year, the company earned $0.63 earnings per share. The company’s revenue for the quarter was up 35.6% compared to the same quarter last year. As a group, equities research analysts predict that The Carlyle Group Inc. will post 3.9 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.54%. The ex-dividend date was Monday, May 13th. The Carlyle Group’s dividend payout ratio is currently -78.21%.

The Carlyle Group Company Profile

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.