Carlyle Group Inc. $CG Shares Sold by Andra AP fonden

Andra AP fonden trimmed its position in shares of Carlyle Group Inc. (NASDAQ:CG) by 56.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,000 shares of the financial services provider’s stock after selling 71,217 shares during the quarter. Andra AP fonden’s holdings in Carlyle Group were worth $2,776,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Private Trust Co. NA grew its holdings in shares of Carlyle Group by 101.9% in the first quarter. Private Trust Co. NA now owns 636 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 321 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Carlyle Group by 755.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after buying an additional 574 shares during the period. National Pension Service grew its stake in shares of Carlyle Group by 74.8% in the first quarter. National Pension Service now owns 869 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 372 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Carlyle Group in the second quarter valued at $38,000. Finally, Brooklyn Investment Group boosted its holdings in Carlyle Group by 28.6% in the first quarter. Brooklyn Investment Group now owns 1,062 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 236 shares during the period. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Carlyle Group Price Performance

Shares of NASDAQ CG opened at $52.43 on Friday. The stock has a market cap of $18.96 billion, a P/E ratio of 15.33, a P/E/G ratio of 1.22 and a beta of 2.01. Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $69.85. The stock has a 50 day moving average of $61.07 and a two-hundred day moving average of $55.29. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.52.

Carlyle Group (NASDAQ:CG) last announced its earnings results on Friday, November 7th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.98. Carlyle Group had a net margin of 20.22% and a return on equity of 23.60%. On average, research analysts forecast that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th will be given a dividend of $0.35 per share. The ex-dividend date is Monday, November 10th. This represents a $1.40 dividend on an annualized basis and a yield of 2.7%. Carlyle Group’s dividend payout ratio is presently 40.94%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Carlyle Group from $68.00 to $66.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. BMO Capital Markets started coverage on shares of Carlyle Group in a report on Friday, October 3rd. They set an “outperform” rating and a $74.00 price target for the company. JMP Securities raised their price objective on shares of Carlyle Group from $70.00 to $75.00 and gave the company a “market outperform” rating in a report on Thursday, August 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlyle Group in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group raised their price target on Carlyle Group from $54.00 to $66.00 and gave the company a “hold” rating in a research note on Wednesday, August 13th. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $67.36.

Insider Activity at Carlyle Group

In related news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $64.23, for a total transaction of $13,013,383.38. Following the completion of the transaction, the general counsel directly owned 753,255 shares of the company’s stock, valued at $48,381,568.65. This represents a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 26.30% of the company’s stock.

Carlyle Group Company 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.