Carlyle Group Inc. $CG Shares Purchased by Alkeon Capital Management LLC

Alkeon Capital Management LLC grew its position in shares of Carlyle Group Inc. (NASDAQ:CG) by 13.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,941,316 shares of the financial services provider’s stock after buying an additional 700,000 shares during the quarter. Alkeon Capital Management LLC owned 1.64% of Carlyle Group worth $305,384,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its holdings in shares of Carlyle Group by 150.3% in the 2nd quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock valued at $26,000 after buying an additional 299 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Carlyle Group by 755.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 574 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Carlyle Group in the 2nd quarter valued at about $38,000. National Pension Service grew its position in Carlyle Group by 74.8% during the first quarter. National Pension Service now owns 869 shares of the financial services provider’s stock worth $38,000 after buying an additional 372 shares during the period. Finally, LRI Investments LLC acquired a new stake in shares of Carlyle Group during the 2nd quarter valued at approximately $46,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Carlyle Group Stock Performance

Carlyle Group stock opened at $58.35 on Friday. The stock has a fifty day moving average price of $55.75 and a 200 day moving average price of $57.42. Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $69.85. The firm has a market capitalization of $21.03 billion, a P/E ratio of 32.60, a PEG ratio of 1.49 and a beta of 2.06. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 1.78.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Friday, November 7th. The financial services provider reported $0.98 EPS for the quarter, meeting the consensus estimate of $0.98. The company had revenue of $782.50 million during the quarter, compared to analysts’ expectations of $848.51 million. Carlyle Group had a return on equity of 23.46% and a net margin of 16.91%.During the same quarter in the previous year, the business earned $0.95 EPS. Equities research analysts anticipate that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have commented on CG shares. TD Cowen decreased their target price on Carlyle Group from $78.00 to $77.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. JPMorgan Chase & Co. lowered their price target on shares of Carlyle Group from $68.00 to $66.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Barclays lifted their price objective on Carlyle Group from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday. Wall Street Zen downgraded Carlyle Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carlyle Group in a research report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $66.14.

Insider Activity at Carlyle Group

In related news, Director David M. Rubenstein sold 625,000 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $56.55, for a total value of $35,343,750.00. Following the transaction, the director directly owned 27,999,644 shares of the company’s stock, valued at approximately $1,583,379,868.20. This trade represents a 2.18% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 26.30% of the stock is currently owned by insiders.

About Carlyle Group

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.