The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Diversified Trust Co

Diversified Trust Co decreased its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 31.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 40,564 shares of the financial services provider’s stock after selling 19,014 shares during the quarter. Diversified Trust Co’s holdings in The Carlyle Group were worth $2,048,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CG. TD Asset Management Inc lifted its stake in The Carlyle Group by 0.5% during the second quarter. TD Asset Management Inc now owns 152,089 shares of the financial services provider’s stock valued at $6,106,000 after purchasing an additional 683 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of The Carlyle Group by 8.7% during the 2nd quarter. Victory Capital Management Inc. now owns 48,374 shares of the financial services provider’s stock valued at $1,942,000 after acquiring an additional 3,883 shares during the last quarter. Arizona State Retirement System raised its position in shares of The Carlyle Group by 8.2% during the second quarter. Arizona State Retirement System now owns 64,448 shares of the financial services provider’s stock worth $2,588,000 after purchasing an additional 4,906 shares during the period. Quest Partners LLC boosted its position in shares of The Carlyle Group by 186.2% in the 2nd quarter. Quest Partners LLC now owns 13,551 shares of the financial services provider’s stock valued at $544,000 after purchasing an additional 8,817 shares during the period. Finally, Choreo LLC purchased a new position in The Carlyle Group in the 2nd quarter worth about $291,000. 55.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on CG. TD Cowen lifted their target price on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Morgan Stanley boosted their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods lifted their price target on The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a report on Friday, November 8th. UBS Group raised their price objective on The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, StockNews.com lowered shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Sunday, December 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, The Carlyle Group presently has an average rating of “Hold” and an average target price of $54.38.

The Carlyle Group Trading Down 2.2 %

The Carlyle Group stock opened at $51.55 on Wednesday. The Carlyle Group Inc. has a one year low of $36.65 and a one year high of $55.11. The company’s fifty day moving average price is $51.77 and its two-hundred day moving average price is $46.28. The company has a market capitalization of $18.44 billion, a price-to-earnings ratio of 177.76, a PEG ratio of 1.45 and a beta of 1.69. 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 (NASDAQ:CG) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.08. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The firm had revenue of $895.00 million during the quarter, compared to analyst estimates of $908.17 million. During the same period in the previous year, the company earned $0.87 EPS. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. On average, analysts forecast that The Carlyle Group Inc. will post 3.77 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were issued a $0.35 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.40 annualized dividend and a yield of 2.72%. The Carlyle Group’s dividend payout ratio (DPR) is presently 482.76%.

Insider Buying and Selling at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 275,000 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $2.20, for a total value of $605,000.00. Following the completion of the sale, the insider now owns 2,405,461 shares in the company, valued at approximately $5,292,014.20. This trade represents a 10.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel A. D’aniello sold 495,542 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,113,447 shares of company stock worth $26,908,674 over the last ninety days. Company insiders own 27.20% of the company’s stock.

About The Carlyle Group

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.