Carlyle Group Inc. $CG Shares Sold by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. lowered its stake in Carlyle Group Inc. (NASDAQ:CG) by 34.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 333,564 shares of the financial services provider’s stock after selling 171,974 shares during the quarter. Deprince Race & Zollo Inc. owned about 0.09% of Carlyle Group worth $20,914,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Allworth Financial LP lifted its stake 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 worth $26,000 after acquiring an additional 299 shares during the period. WFA of San Diego LLC bought a new position in Carlyle Group during the 2nd quarter valued at $26,000. Geneos Wealth Management Inc. raised its stake in shares of Carlyle Group by 755.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after buying an additional 574 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in Carlyle Group during the second quarter valued at about $38,000. Finally, LRI Investments LLC acquired a new position in Carlyle Group during the second quarter worth about $46,000. 55.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director David M. Rubenstein sold 625,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $56.55, for a total transaction 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. The trade was a 2.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 26.30% of the company’s stock.

Carlyle Group Price Performance

Shares of NASDAQ:CG opened at $61.09 on Friday. The company’s fifty day moving average is $55.86 and its two-hundred day moving average is $58.49. The company has a market cap of $22.02 billion, a P/E ratio of 34.13, a price-to-earnings-growth ratio of 1.32 and a beta of 2.06. Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month 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.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Friday, November 7th. The financial services provider reported $0.98 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.98. The business had revenue of $782.50 million for the quarter, compared to the consensus estimate 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 company posted $0.95 earnings per share. Equities analysts expect that Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

Carlyle Group Announces Dividend

The business also recently declared 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 2.3%. The ex-dividend date of this dividend was Monday, November 10th. Carlyle Group’s dividend payout ratio is 78.21%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CG. TD Cowen reduced their price objective on shares of Carlyle Group from $78.00 to $77.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Morgan Stanley raised their target price on shares of Carlyle Group from $65.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 21st. Wall Street Zen cut Carlyle Group from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Barclays raised their price objective on Carlyle Group from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, December 12th. Finally, JPMorgan Chase & Co. cut their target price on Carlyle Group from $68.00 to $66.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $66.14.

Carlyle Group Company Profile

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.