The Carlyle Group Inc. (NASDAQ:CG) Stock Holdings Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in The Carlyle Group Inc. (NASDAQ:CG) by 68.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,919,439 shares of the financial services provider’s stock after purchasing an additional 777,304 shares during the period. JPMorgan Chase & Co.’s holdings in The Carlyle Group were worth $82,651,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group bought a new stake in shares of The Carlyle Group in the 3rd quarter valued at approximately $33,000. Tobam raised its holdings in shares of The Carlyle Group by 32.8% during the third quarter. Tobam now owns 890 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 220 shares during the period. Rothschild Investment LLC bought a new position in shares of The Carlyle Group in the 2nd quarter worth about $50,000. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of The Carlyle Group by 1,600.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock valued at $73,000 after buying an additional 1,600 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in The Carlyle Group by 147.9% during the third quarter. Blue Trust Inc. now owns 1,909 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 1,139 shares during the period. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Price Performance

Shares of The Carlyle Group stock opened at $50.73 on Friday. The Carlyle Group Inc. has a 52 week low of $36.65 and a 52 week high of $55.11. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38. The company’s 50-day moving average price is $51.70 and its two-hundred day moving average price is $45.93. The stock has a market cap of $18.15 billion, a PE ratio of 174.93, a price-to-earnings-growth ratio of 1.45 and a beta of 1.69.

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

The Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were given a $0.35 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.76%. The Carlyle Group’s dividend payout ratio (DPR) is 482.76%.

Insiders Place Their Bets

In other news, Director Daniel A. D’aniello sold 495,542 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total value of $25,535,279.26. Following the transaction, the director now owns 32,504,102 shares in the company, valued at $1,674,936,376.06. This represents a 1.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Carlyle Group Inc. sold 924,466 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 3,643,231 shares of the company’s stock, valued at approximately $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. In the last quarter, insiders have sold 2,171,556 shares of company stock worth $29,222,475. Company insiders own 27.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CG. Wells Fargo & Company upped their target price on The Carlyle Group from $54.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Keefe, Bruyette & Woods raised their target price on The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday, November 8th. StockNews.com lowered shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Sunday, December 8th. Barclays boosted their target price on shares of The Carlyle Group from $57.00 to $59.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Finally, Evercore ISI lifted their price target on The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.