The Carlyle Group Inc. (NASDAQ:CG) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale increased its position in The Carlyle Group Inc. (NASDAQ:CG) by 39.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,487 shares of the financial services provider’s stock after buying an additional 9,235 shares during the period. DekaBank Deutsche Girozentrale’s holdings in The Carlyle Group were worth $1,328,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CG. SG Americas Securities LLC grew its holdings in The Carlyle Group by 347.1% during the fourth quarter. SG Americas Securities LLC now owns 111,957 shares of the financial services provider’s stock worth $4,556,000 after acquiring an additional 86,914 shares during the period. Pacer Advisors Inc. acquired a new stake in shares of The Carlyle Group during the 4th quarter worth about $1,324,000. HighTower Advisors LLC lifted its position in shares of The Carlyle Group by 13.8% during the third quarter. HighTower Advisors LLC now owns 37,377 shares of the financial services provider’s stock worth $1,121,000 after purchasing an additional 4,534 shares in the last quarter. Brandywine Global Investment Management LLC bought a new stake in The Carlyle Group in the third quarter valued at about $5,578,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of The Carlyle Group during the third quarter worth $990,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CG. JPMorgan Chase & Co. boosted their target price on The Carlyle Group from $39.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Barclays increased their price objective on shares of The Carlyle Group from $55.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. TD Cowen assumed coverage on shares of The Carlyle Group in a research note on Thursday, January 4th. They set a “market perform” rating and a $42.00 price target for the company. UBS Group lifted their target price on The Carlyle Group from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, JMP Securities increased their price target on shares of The Carlyle Group from $52.00 to $58.00 and gave the stock a “market outperform” rating in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, The Carlyle Group currently has an average rating of “Hold” and a consensus target price of $43.07.

The Carlyle Group Trading Down 3.0 %

CG stock opened at $45.79 on Monday. The Carlyle Group Inc. has a twelve month low of $25.20 and a twelve month high of $48.52. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 1.52. The firm’s fifty day simple moving average is $45.65 and its two-hundred day simple moving average is $38.63. The stock has a market capitalization of $16.58 billion, a price-to-earnings ratio of -27.09, a price-to-earnings-growth ratio of 0.98 and a beta of 1.79.

The Carlyle Group (NASDAQ:CG) last announced its 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 Carlyle Group had a positive return on equity of 19.74% and a negative net margin of 20.53%. The business had revenue of $896.40 million during the quarter, compared to analyst estimates of $860.68 million. During the same quarter in the previous year, the business earned $1.01 earnings per share. The company’s revenue for the quarter was down 15.4% compared to the same quarter last year. As a group, analysts anticipate that The Carlyle Group Inc. will post 3.93 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 23rd were issued a dividend of $0.35 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.40 dividend on an annualized basis and a yield of 3.06%. The Carlyle Group’s payout ratio is -82.84%.

Insider Transactions 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 that occurred on Thursday, February 8th. The stock was bought at an average cost of $12.95 per share, with a total value of $2,460,500.00. Following the completion of the purchase, the insider now directly owns 1,066,189 shares in the company, 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. Corporate insiders own 27.00% of the company’s stock.

The Carlyle Group 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.