The Carlyle Group Inc. (NASDAQ:CG) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 6.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,266,595 shares of the financial services provider’s stock after purchasing an additional 137,541 shares during the quarter. Dimensional Fund Advisors LP owned 0.63% of The Carlyle Group worth $90,999,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its holdings in shares of The Carlyle Group by 12.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 29,192 shares of the financial services provider’s stock worth $1,188,000 after buying an additional 3,145 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in The Carlyle Group by 3.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 33,356 shares of the financial services provider’s stock worth $1,357,000 after acquiring an additional 1,141 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in The Carlyle Group by 11.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 55,777 shares of the financial services provider’s stock worth $2,270,000 after acquiring an additional 5,563 shares during the period. TD Asset Management Inc increased its holdings in shares of The Carlyle Group by 2.4% in the 4th quarter. TD Asset Management Inc now owns 154,555 shares of the financial services provider’s stock valued at $6,289,000 after purchasing an additional 3,630 shares during the period. Finally, Stifel Financial Corp boosted its holdings in shares of The Carlyle Group by 41.9% during the fourth quarter. Stifel Financial Corp now owns 203,840 shares of the financial services provider’s stock worth $8,294,000 after purchasing an additional 60,173 shares during the period. 55.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CG. Barclays dropped their target price on The Carlyle Group from $51.00 to $46.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. UBS Group cut their price objective on shares of The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Keefe, Bruyette & Woods dropped their price target on shares of The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 6th. Wells Fargo & Company initiated coverage on shares of The Carlyle Group in a report on Thursday, September 12th. They issued an “equal weight” rating and a $42.00 price objective for the company. Finally, JPMorgan Chase & Co. cut The Carlyle Group from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $46.00 to $44.00 in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $45.81.

Insider Activity at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 214,732 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $38.97, for a total transaction of $8,368,106.04. Following the completion of the transaction, the insider now owns 10,113,040 shares in the company, valued at $394,105,168.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders sold 1,747,271 shares of company stock worth $64,316,868. 27.20% of the stock is owned by insiders.

The Carlyle Group Price Performance

Shares of CG stock opened at $42.41 on Thursday. The Carlyle Group Inc. has a 52 week low of $27.13 and a 52 week high of $50.92. The stock has a market capitalization of $15.11 billion, a PE ratio of -23.69, a PEG ratio of 1.30 and a beta of 1.73. The company has a debt-to-equity ratio of 1.75, a quick ratio of 2.55 and a current ratio of 2.55. The stock’s fifty day moving average is $41.82 and its 200-day moving average is $42.90.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.05). The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $808.73 million. The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The business’s revenue for the quarter was up 131.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.88 EPS. Equities research analysts expect that The Carlyle Group Inc. will post 3.76 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Friday, August 16th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.30%. The Carlyle Group’s dividend payout ratio (DPR) is presently -78.21%.

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.