Asset Management One Co. Ltd. Lowers Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Asset Management One Co. Ltd. reduced its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 2.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 82,179 shares of the financial services provider’s stock after selling 2,170 shares during the period. Asset Management One Co. Ltd.’s holdings in The Carlyle Group were worth $3,427,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CG. AdvisorNet Financial Inc boosted its position in shares of The Carlyle Group by 125.5% during the third quarter. AdvisorNet Financial Inc now owns 814 shares of the financial services provider’s stock worth $25,000 after buying an additional 453 shares during the period. Sunbelt Securities Inc. purchased a new position in The Carlyle Group in the first quarter valued at $31,000. CVA Family Office LLC purchased a new position in The Carlyle Group in the fourth quarter valued at $35,000. UniSuper Management Pty Ltd purchased a new position in The Carlyle Group in the second quarter valued at $45,000. Finally, Clear Street Markets LLC purchased a new position in The Carlyle Group in the third quarter valued at $50,000. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. acquired 190,000 shares of the stock in a transaction on Thursday, February 8th. The shares were bought at an average price of $12.95 per share, with a total value of $2,460,500.00. Following the acquisition, the insider now owns 1,066,189 shares of the company’s stock, valued at $13,807,147.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 27.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CG has been the subject of a number of recent research reports. Barclays lifted their target price on The Carlyle Group from $55.00 to $56.00 and gave the company an “overweight” rating in a report on Monday. JMP Securities lifted their price target on The Carlyle Group from $52.00 to $58.00 and gave the stock a “market outperform” rating in a report on Thursday, February 8th. Morgan Stanley lifted their price target on The Carlyle Group from $34.00 to $40.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Citigroup lifted their price target on The Carlyle Group from $41.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Finally, TD Cowen began coverage on The Carlyle Group in a report on Thursday, January 4th. They set a “market perform” rating and a $42.00 price target for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $42.00.

The Carlyle Group Stock Up 0.6 %

CG opened at $47.23 on Friday. The business’s 50-day simple moving average is $45.56 and its 200-day simple moving average is $38.40. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.27 and a current ratio of 2.27. The Carlyle Group Inc. has a one year low of $25.20 and a one year high of $48.52. The stock has a market capitalization of $17.10 billion, a P/E ratio of -27.95, a price-to-earnings-growth ratio of 1.03 and a beta of 1.79.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.08. The firm had revenue of $896.40 million for the quarter, compared to analysts’ expectations of $860.68 million. The Carlyle Group had a positive return on equity of 19.74% and a negative net margin of 20.53%. The firm’s revenue for the quarter was down 15.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 EPS. Analysts anticipate that The Carlyle Group Inc. will post 3.93 EPS for the current year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 23rd were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.96%. The ex-dividend date was Thursday, February 22nd. The Carlyle Group’s dividend payout ratio (DPR) is presently -82.84%.

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.