The Carlyle Group Inc. (NASDAQ:CG) Stock Holdings Increased by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. boosted its position in The Carlyle Group Inc. (NASDAQ:CGFree Report) by 1.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 503,525 shares of the financial services provider’s stock after buying an additional 4,766 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.14% of The Carlyle Group worth $23,620,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. GAMMA Investing LLC grew its holdings in shares of The Carlyle Group by 22.8% during the first quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 215 shares during the last quarter. Intrepid Capital Management Inc. grew its holdings in The Carlyle Group by 2.6% in the 4th quarter. Intrepid Capital Management Inc. now owns 12,103 shares of the financial services provider’s stock worth $492,000 after buying an additional 305 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in The Carlyle Group by 4.4% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,175 shares of the financial services provider’s stock worth $373,000 after buying an additional 385 shares in the last quarter. Western Pacific Wealth Management LP grew its holdings in The Carlyle Group by 22.4% in the 4th quarter. Western Pacific Wealth Management LP now owns 2,134 shares of the financial services provider’s stock worth $87,000 after buying an additional 391 shares in the last quarter. Finally, New York Life Investment Management LLC grew its holdings in The Carlyle Group by 1.8% in the 4th quarter. New York Life Investment Management LLC now owns 21,848 shares of the financial services provider’s stock worth $889,000 after buying an additional 393 shares in the last quarter. 55.88% of the stock is owned by institutional investors.

The Carlyle Group Price Performance

Shares of NASDAQ:CG opened at $40.49 on Tuesday. The company’s fifty day moving average is $41.57 and its two-hundred day moving average is $42.96. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 1.53. The Carlyle Group Inc. has a 12-month low of $27.13 and a 12-month high of $48.52. The company has a market cap of $14.57 billion, a P/E ratio of -22.62, a price-to-earnings-growth ratio of 1.14 and a beta of 1.75.

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

The Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend was Monday, May 13th. The Carlyle Group’s dividend payout ratio (DPR) is presently -78.21%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CG. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $48.00 price objective (down from $50.00) on shares of The Carlyle Group in a report on Thursday, May 2nd. Oppenheimer cut their target price on The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, May 2nd. UBS Group upped their target price on The Carlyle Group from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. TD Cowen cut their target price on The Carlyle Group from $45.00 to $41.00 and set a “hold” rating for the company in a research report on Monday. Finally, Barclays cut their target price on The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, The Carlyle Group currently has a consensus rating of “Hold” and a consensus target price of $45.33.

Read Our Latest Analysis on The Carlyle Group

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 50,739 shares of the company’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $31.15, for a total value of $1,580,519.85. Following the transaction, the insider now directly owns 11,249,724 shares of the company’s stock, valued at $350,428,902.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders have sold 748,798 shares of company stock valued at $25,854,673. 27.20% of the stock is owned by insiders.

The Carlyle Group Company Profile

(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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