FFG Partners LLC Makes New Investment in Carlyle Group Inc. $CG

FFG Partners LLC bought a new stake in shares of Carlyle Group Inc. (NASDAQ:CG) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 27,315 shares of the financial services provider’s stock, valued at approximately $1,713,000. Carlyle Group makes up about 0.5% of FFG Partners LLC’s investment portfolio, making the stock its 24th largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allworth Financial LP grew its holdings in shares of Carlyle Group by 150.3% during 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 stake in shares of Carlyle Group during the second quarter valued at approximately $26,000. Geneos Wealth Management Inc. grew its stake in Carlyle Group by 755.3% in the first 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 during the period. Ameritas Advisory Services LLC purchased a new position in Carlyle Group during the second quarter valued at $38,000. Finally, LRI Investments LLC bought a new stake in shares of Carlyle Group during the 2nd quarter valued at $46,000. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CG. Evercore ISI lowered their price target on shares of Carlyle Group from $64.00 to $57.00 and set an “in-line” rating for the company in a research report on Monday, November 3rd. UBS Group started coverage on shares of Carlyle Group in a research note on Thursday, December 11th. They set a “buy” rating and a $74.00 target price for the company. Keefe, Bruyette & Woods dropped their price target on Carlyle Group from $66.00 to $64.00 and set a “market perform” rating on the stock in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlyle Group in a research report on Wednesday, October 8th. Finally, Barclays increased their target price on Carlyle Group from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, December 12th. Eight research 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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 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 owned 27,999,644 shares in the company, valued at $1,583,379,868.20. This represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 26.30% of the stock is owned by corporate insiders.

Carlyle Group Stock Performance

CG stock opened at $61.09 on Monday. The stock’s 50 day simple moving average is $55.86 and its 200 day simple moving average is $58.56. 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 Inc. has a 12-month low of $33.02 and a 12-month high of $69.85. The stock has a market capitalization of $22.02 billion, a PE ratio of 34.13, a price-to-earnings-growth ratio of 1.32 and a beta of 2.06.

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

Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Monday, November 10th were issued a dividend of $0.35 per share. 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 (DPR) is presently 78.21%.

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.