Royce & Associates LP Trims Stake in The Carlyle Group Inc. (NASDAQ:CG)

Royce & Associates LP trimmed its holdings in shares of The Carlyle Group Inc. (NASDAQ:CGGet Rating) by 11.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,120 shares of the financial services provider’s stock after selling 10,700 shares during the quarter. Royce & Associates LP’s holdings in The Carlyle Group were worth $4,065,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CG. Westside Investment Management Inc. purchased a new position in shares of The Carlyle Group in the 1st quarter worth about $28,000. Burleson & Company LLC purchased a new position in shares of The Carlyle Group in the 1st quarter worth about $29,000. CVA Family Office LLC boosted its holdings in shares of The Carlyle Group by 257.1% in the 1st quarter. CVA Family Office LLC now owns 625 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 450 shares in the last quarter. Parkside Investments LLC purchased a new position in shares of The Carlyle Group in the 1st quarter worth about $48,000. Finally, CWM LLC purchased a new position in shares of The Carlyle Group in the 4th quarter worth about $56,000. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

The Carlyle Group Trading Down 1.0 %

CG opened at $38.38 on Friday. The business has a 50 day simple moving average of $34.86 and a two-hundred day simple moving average of $40.87. The firm has a market capitalization of $13.87 billion, a price-to-earnings ratio of 7.02, a PEG ratio of 0.40 and a beta of 1.63. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.63 and a quick ratio of 2.63. The Carlyle Group Inc. has a one year low of $30.01 and a one year high of $60.62.

The Carlyle Group (NASDAQ:CGGet Rating) last released its quarterly earnings results on Thursday, July 28th. The financial services provider reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.06. The Carlyle Group had a return on equity of 40.15% and a net margin of 31.86%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.17 billion. Analysts predict that The Carlyle Group Inc. will post 4.09 EPS for the current year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 16th. Shareholders of record on Tuesday, August 9th will be issued a dividend of $0.325 per share. The ex-dividend date of this dividend is Monday, August 8th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 3.39%. The Carlyle Group’s dividend payout ratio (DPR) is 23.77%.

Insiders Place Their Bets

In other The Carlyle Group news, Director David M. Rubenstein sold 2,000,000 shares of the company’s stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $38.67, for a total transaction of $77,340,000.00. Following the transaction, the director now owns 29,249,644 shares in the company, valued at approximately $1,131,083,733.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Curtis L. Buser sold 38,890 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $37.85, for a total value of $1,471,986.50. Following the sale, the chief financial officer now owns 1,094,484 shares in the company, valued at approximately $41,426,219.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David M. Rubenstein sold 2,000,000 shares of the company’s stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $38.67, for a total value of $77,340,000.00. Following the completion of the sale, the director now owns 29,249,644 shares in the company, valued at approximately $1,131,083,733.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,095,455 shares of company stock worth $80,952,972. Company insiders own 29.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CG shares. UBS Group upped their price objective on The Carlyle Group from $34.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday. Deutsche Bank Aktiengesellschaft lowered their target price on The Carlyle Group from $64.00 to $56.00 and set a “buy” rating for the company in a research note on Wednesday, July 13th. BMO Capital Markets lowered their target price on The Carlyle Group from $69.00 to $60.00 in a research note on Friday, April 29th. The Goldman Sachs Group lowered their target price on The Carlyle Group from $58.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, June 29th. Finally, JMP Securities started coverage on The Carlyle Group in a research note on Wednesday, June 8th. They issued an “outperform” rating and a $60.00 target price for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $54.09.

The Carlyle Group Company Profile

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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.

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Institutional Ownership by Quarter for The Carlyle Group (NASDAQ:CG)

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