The Carlyle Group Inc. (NASDAQ:CG) Shares Bought by Retirement Systems of Alabama

Retirement Systems of Alabama increased its position in shares of The Carlyle Group Inc. (NASDAQ:CGFree Report) by 0.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 271,841 shares of the financial services provider’s stock after purchasing an additional 713 shares during the quarter. Retirement Systems of Alabama owned 0.08% of The Carlyle Group worth $12,752,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. SYSTM Wealth Solutions LLC purchased a new stake in shares of The Carlyle Group in the first quarter valued at $34,000. CVA Family Office LLC acquired a new stake in shares of The Carlyle Group during the 4th quarter worth about $35,000. GAMMA Investing LLC purchased a new stake in shares of The Carlyle Group during the fourth quarter worth about $38,000. Global Retirement Partners LLC lifted its stake in shares of The Carlyle Group by 41.2% during the first quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock valued at $40,000 after buying an additional 247 shares during the period. Finally, Gold Investment Management Ltd. purchased a new stake in The Carlyle Group in the 4th quarter worth approximately $56,000. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

The Carlyle Group Price Performance

NASDAQ:CG opened at $40.29 on Friday. The stock has a 50-day simple moving average of $41.68 and a 200 day simple moving average of $42.93. The Carlyle Group Inc. has a one year low of $27.13 and a one year high of $48.52. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 1.53.

The Carlyle Group (NASDAQ:CGGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.09. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $986.10 million. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The business’s quarterly revenue was up 35.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.63 EPS. Sell-side analysts forecast that The Carlyle Group Inc. will post 3.9 EPS for the current year.

The Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date was Monday, May 13th. The Carlyle Group’s dividend payout ratio is presently -78.21%.

Analyst Upgrades and Downgrades

CG has been the subject of a number of recent analyst reports. TD Cowen lowered their price objective on The Carlyle Group from $49.00 to $45.00 and set a “hold” rating for the company in a research report on Thursday, May 2nd. Barclays decreased their price target on shares of The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. The Goldman Sachs Group cut their target price on The Carlyle Group from $54.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. UBS Group upped their price target on The Carlyle Group from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Finally, Jefferies Financial Group cut their price target on shares of The Carlyle Group from $49.00 to $44.00 and set a “hold” rating on the stock in a report on Thursday, May 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, The Carlyle Group presently has a consensus rating of “Hold” and an average price target of $45.60.

Check Out Our Latest Stock Analysis on The Carlyle Group

Insiders Place Their Bets

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 81,110 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $32.21, for a total value of $2,612,553.10. Following the sale, the insider now directly owns 11,439,641 shares in the company, valued at $368,470,836.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 645,335 shares of company stock valued at $22,646,564 over the last quarter. Insiders own 27.20% of the company’s stock.

About The Carlyle Group

(Free Report)

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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