The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its position in The Carlyle Group Inc. (NASDAQ:CG) by 32.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 487,506 shares of the financial services provider’s stock after selling 231,771 shares during the period. Principal Financial Group Inc. owned 0.14% of The Carlyle Group worth $20,992,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tobam purchased a new position in The Carlyle Group during the second quarter worth approximately $27,000. Brooklyn Investment Group purchased a new position in shares of The Carlyle Group during the 3rd quarter worth $33,000. Rothschild Investment LLC purchased a new stake in shares of The Carlyle Group in the second quarter valued at about $50,000. Livforsakringsbolaget Skandia Omsesidigt increased its position in The Carlyle Group by 1,600.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in The Carlyle Group by 147.9% in the 3rd quarter. Blue Trust Inc. now owns 1,909 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 1,139 shares during the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Insider Buying and Selling

In other The Carlyle Group news, Director Daniel A. D’aniello sold 495,542 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the completion of the transaction, the director now owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. This represents a 1.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Carlyle Group Inc. sold 924,466 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the transaction, the insider now directly owns 3,643,231 shares of the company’s stock, valued at $7,796,514.34. This represents a 20.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,171,556 shares of company stock valued at $29,222,475 over the last quarter. 27.20% of the stock is currently owned by insiders.

The Carlyle Group Price Performance

Shares of CG opened at $51.18 on Thursday. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32. The Carlyle Group Inc. has a 1-year low of $36.65 and a 1-year high of $55.11. The stock has a market cap of $18.31 billion, a PE ratio of 176.48, a price-to-earnings-growth ratio of 1.45 and a beta of 1.69. The firm has a fifty day moving average price of $51.68 and a 200 day moving average price of $45.52.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.08. The business had revenue of $895.00 million during the quarter, compared to the consensus estimate of $908.17 million. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The company’s revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.87 earnings per share. As a group, sell-side analysts anticipate that The Carlyle Group Inc. will post 3.77 EPS for the current year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were issued a $0.35 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.74%. The Carlyle Group’s payout ratio is 482.76%.

Wall Street Analysts Forecast Growth

CG has been the topic of a number of research analyst reports. Evercore ISI lifted their target price on The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. UBS Group increased their target price on shares of The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Barclays upped their price objective on shares of The Carlyle Group from $57.00 to $59.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Wells Fargo & Company lifted their target price on shares of The Carlyle Group from $54.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Finally, TD Cowen upped their price target on The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $54.00.

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.