Carlyle Group Inc. $CG is Ariel Investments LLC’s 10th Largest Position

Ariel Investments LLC reduced its position in Carlyle Group Inc. (NASDAQ:CG) by 2.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,705,544 shares of the financial services provider’s stock after selling 133,669 shares during the quarter. Carlyle Group comprises about 2.7% of Ariel Investments LLC’s holdings, making the stock its 10th biggest holding. Ariel Investments LLC owned 1.30% of Carlyle Group worth $241,865,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Carlyle Group during the 2nd quarter valued at $150,122,000. Vanguard Group Inc. grew its position in Carlyle Group by 4.9% during the first quarter. Vanguard Group Inc. now owns 24,292,937 shares of the financial services provider’s stock worth $1,058,929,000 after buying an additional 1,131,514 shares in the last quarter. Citigroup Inc. increased its stake in Carlyle Group by 484.4% in the 1st quarter. Citigroup Inc. now owns 623,440 shares of the financial services provider’s stock worth $27,176,000 after acquiring an additional 516,761 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Carlyle Group by 21.7% in the 1st quarter. Ameriprise Financial Inc. now owns 2,722,737 shares of the financial services provider’s stock valued at $118,684,000 after acquiring an additional 485,488 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Carlyle Group during the first quarter worth about $20,793,000. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Carlyle Group Stock Up 2.5%

Shares of NASDAQ CG opened at $57.64 on Wednesday. The firm’s fifty day moving average is $55.90 and its 200 day moving average is $57.29. Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $69.85. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 1.78. The company has a market cap of $20.77 billion, a price-to-earnings ratio of 32.20, a PEG ratio of 1.41 and a beta of 2.06.

Carlyle Group (NASDAQ:CG) last announced its quarterly 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. The business had revenue of $782.50 million for the quarter, compared to analyst estimates of $848.51 million. Carlyle Group had a net margin of 16.91% and a return on equity of 23.46%. During the same quarter last year, the firm earned $0.95 EPS. On average, equities research analysts expect that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Monday, November 10th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, November 10th. Carlyle Group’s dividend payout ratio (DPR) is currently 78.21%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Morgan Stanley raised their target price on shares of Carlyle Group from $65.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 21st. Keefe, Bruyette & Woods dropped their price objective on shares of Carlyle Group from $66.00 to $64.00 and set a “market perform” rating for the company in a report on Monday, November 3rd. Wall Street Zen downgraded Carlyle Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Citigroup cut their price objective on Carlyle Group from $74.00 to $71.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Finally, Jefferies Financial Group boosted their target price on Carlyle Group from $54.00 to $66.00 and gave the stock a “hold” rating in a research report on Wednesday, August 13th. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Carlyle Group has a consensus rating of “Hold” and a consensus price target of $66.00.

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.