Oregon Public Employees Retirement Fund Increases Position in Carlyle Group Inc. $CG

Oregon Public Employees Retirement Fund increased its stake in shares of Carlyle Group Inc. (NASDAQ:CG) by 20.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,486 shares of the financial services provider’s stock after buying an additional 8,800 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Carlyle Group were worth $3,291,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of CG. Vanguard Group Inc. boosted its stake in shares of Carlyle Group by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 24,719,581 shares of the financial services provider’s stock worth $1,270,586,000 after acquiring an additional 426,644 shares in the last quarter. State Street Corp boosted its position in Carlyle Group by 4.8% during the second quarter. State Street Corp now owns 8,221,652 shares of the financial services provider’s stock worth $422,593,000 after purchasing an additional 378,455 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Carlyle Group by 4.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,138,859 shares of the financial services provider’s stock valued at $366,937,000 after purchasing an additional 311,300 shares during the last quarter. Alkeon Capital Management LLC increased its position in shares of Carlyle Group by 13.4% in the second quarter. Alkeon Capital Management LLC now owns 5,941,316 shares of the financial services provider’s stock valued at $305,384,000 after buying an additional 700,000 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Carlyle Group by 5.6% in the 2nd quarter. Geode Capital Management LLC now owns 4,284,894 shares of the financial services provider’s stock worth $219,583,000 after buying an additional 228,484 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director David M. Rubenstein sold 625,000 shares of the company’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 completion of the transaction, the director owned 27,999,644 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through this hyperlink. Company insiders own 26.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Wall Street Zen downgraded shares of Carlyle Group from a “hold” rating to a “sell” rating in a report on Sunday. JPMorgan Chase & Co. cut their price objective on Carlyle Group from $68.00 to $66.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. UBS Group assumed coverage on Carlyle Group in a report on Thursday, December 11th. They set a “buy” rating and a $74.00 target price on the stock. Wolfe Research reissued an “outperform” rating on shares of Carlyle Group in a report on Wednesday. Finally, TD Cowen reduced their price objective 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. Eight investment 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $66.62.

Carlyle Group Trading Up 1.1%

Shares of CG opened at $65.41 on Monday. Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $69.85. The company has a market capitalization of $23.57 billion, a PE ratio of 36.54, a price-to-earnings-growth ratio of 1.20 and a beta of 2.04. The stock has a fifty day moving average of $56.84 and a two-hundred day moving average of $59.62. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.49 and a current ratio of 2.49.

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

Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 10th were given a $0.35 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.40 annualized dividend and a dividend yield of 2.1%. Carlyle Group’s dividend payout ratio (DPR) is currently 78.21%.

Carlyle Group 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.