Macquarie Group Ltd. Grows Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Macquarie Group Ltd. raised its position in The Carlyle Group Inc. (NASDAQ:CG – Get Rating) by 888.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 70,991 shares of the financial services provider’s stock after buying an additional 63,808 shares during the period. Macquarie Group Ltd.’s holdings in The Carlyle Group were worth $1,834,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CG. Assenagon Asset Management S.A. increased its stake in shares of The Carlyle Group by 188.8% during the third quarter. Assenagon Asset Management S.A. now owns 3,478,396 shares of the financial services provider’s stock worth $89,882,000 after purchasing an additional 2,274,025 shares in the last quarter. Bank of Nova Scotia lifted its holdings in shares of The Carlyle Group by 345.4% in the 2nd quarter. Bank of Nova Scotia now owns 2,466,850 shares of the financial services provider’s stock worth $78,100,000 after acquiring an additional 1,912,977 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in The Carlyle Group by 1,026.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,068,346 shares of the financial services provider’s stock worth $65,484,000 after buying an additional 1,884,732 shares during the period. BlackRock Inc. grew its position in shares of The Carlyle Group by 7.2% in the 1st quarter. BlackRock Inc. now owns 15,257,115 shares of the financial services provider’s stock valued at $746,227,000 after buying an additional 1,020,504 shares during the last quarter. Finally, Polaris Capital Management LLC purchased a new position in shares of The Carlyle Group in the 2nd quarter valued at $31,163,000. Hedge funds and other institutional investors own 52.69% of the company’s stock.

The Carlyle Group Stock Performance

Shares of NASDAQ CG opened at $30.26 on Friday. The company has a market cap of $11.02 billion, a PE ratio of 9.01 and a beta of 1.70. The Carlyle Group Inc. has a 12 month low of $24.59 and a 12 month high of $50.40. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.58 and a quick ratio of 2.58. The company has a 50-day simple moving average of $34.16 and a 200-day simple moving average of $30.99.

The Carlyle Group (NASDAQ:CG – Get Rating) last issued its quarterly earnings results on Tuesday, February 7th. The financial services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.05. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. The Carlyle Group had a net margin of 27.60% and a return on equity of 27.50%. The company’s quarterly revenue was down 44.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.01 earnings per share. On average, equities analysts anticipate that The Carlyle Group Inc. will post 3.53 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Wednesday, February 22nd were issued a dividend of $0.325 per share. The ex-dividend date of this dividend was Tuesday, February 21st. This represents a $1.30 dividend on an annualized basis and a dividend yield of 4.30%. The Carlyle Group’s dividend payout ratio (DPR) is presently 38.69%.

Analyst Ratings Changes

CG has been the subject of several recent analyst reports. Credit Suisse Group set a $36.00 target price on shares of The Carlyle Group in a research note on Wednesday, November 23rd. Barclays initiated coverage on shares of The Carlyle Group in a research note on Thursday, March 2nd. They issued an “overweight” rating and a $41.00 target price for the company. Piper Sandler reduced their target price on shares of The Carlyle Group from $58.00 to $48.00 and set an “overweight” rating for the company in a research note on Wednesday, February 8th. Keefe, Bruyette & Woods cut shares of The Carlyle Group from an “outperform” rating to a “market perform” rating and set a $36.00 target price for the company. in a research note on Monday, January 2nd. Finally, Morgan Stanley raised their price objective on shares of The Carlyle Group from $34.00 to $37.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 24th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, The Carlyle Group has a consensus rating of “Hold” and a consensus price target of $40.31.

Insider Buying and Selling

In related news, COO Christopher Finn sold 20,756 shares of the firm’s stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $36.10, for a total value of $749,291.60. Following the sale, the chief operating officer now directly owns 982,654 shares of the company’s stock, valued at $35,473,809.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Bruce M. Larson sold 10,467 shares of the business’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $36.36, for a total transaction of $380,580.12. Following the transaction, the insider now directly owns 393,373 shares of the company’s stock, valued at $14,303,042.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Christopher Finn sold 20,756 shares of the business’s stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $36.10, for a total transaction of $749,291.60. Following the transaction, the chief operating officer now directly owns 982,654 shares in the company, valued at $35,473,809.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 110,552 shares of company stock valued at $4,001,032. Insiders own 29.80% of the company’s stock.

About The Carlyle Group

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The Carlyle Group, Inc engages in multi-product global alternative asset management. It operates through the following segments: Corporate Private Equity, Real Assets, Global Credit, and Investment Solutions. The Corporate Private Equity segment focuses on buyout, and growth capital funds, which pursue a variety of corporate investments of different sizes and growth potentials.