Oppenheimer & Co. Inc. Sells 86,401 Shares of Carlyle Group Inc. $CG

Oppenheimer & Co. Inc. trimmed its stake in Carlyle Group Inc. (NASDAQ:CG) by 30.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 196,238 shares of the financial services provider’s stock after selling 86,401 shares during the period. Oppenheimer & Co. Inc. owned approximately 0.05% of Carlyle Group worth $12,304,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Carlyle Group by 1.8% during the second quarter. Vanguard Group Inc. now owns 24,719,581 shares of the financial services provider’s stock valued at $1,270,586,000 after acquiring an additional 426,644 shares during the last quarter. State Street Corp grew its holdings in Carlyle Group by 4.8% during the 2nd quarter. State Street Corp now owns 8,221,652 shares of the financial services provider’s stock valued at $422,593,000 after purchasing an additional 378,455 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Carlyle Group by 6.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,618,075 shares of the financial services provider’s stock worth $477,653,000 after purchasing an additional 479,216 shares during the period. Alkeon Capital Management LLC lifted its stake in 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 worth $305,384,000 after purchasing an additional 700,000 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Carlyle Group by 5.6% during the second quarter. Geode Capital Management LLC now owns 4,284,894 shares of the financial services provider’s stock valued at $219,583,000 after buying an additional 228,484 shares during the period. 55.88% of the stock is currently owned by institutional investors.

Carlyle Group Trading Up 0.9%

NASDAQ CG opened at $59.21 on Tuesday. Carlyle Group Inc. has a one year low of $33.02 and a one year high of $69.85. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.49 and a current ratio of 2.49. The company has a market capitalization of $21.34 billion, a price-to-earnings ratio of 33.08, a price-to-earnings-growth ratio of 1.05 and a beta of 2.05. The company’s 50-day simple moving average is $60.58 and its two-hundred day simple moving average is $60.31.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Friday, February 6th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.03). The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.09 billion. Carlyle Group had a net margin of 16.91% and a return on equity of 23.46%. Carlyle Group’s revenue for the quarter was up 84.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.92 earnings per share. Equities analysts forecast that Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Monday, February 16th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, February 13th. Carlyle Group’s payout ratio is presently 78.21%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CG. Weiss Ratings reissued a “hold (c)” rating on shares of Carlyle Group in a research note on Wednesday, January 21st. Morgan Stanley set a $71.00 target price on Carlyle Group in a research report on Tuesday, January 27th. Wolfe Research reaffirmed an “outperform” rating on shares of Carlyle Group in a research note on Wednesday, January 7th. JPMorgan Chase & Co. lowered their price objective on shares of Carlyle Group from $68.00 to $66.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Finally, Keefe, Bruyette & Woods reduced their target price on shares of 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. Seven 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $68.00.

Insiders Place Their Bets

In related news, Director David M. Rubenstein sold 625,000 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $56.55, for a total transaction of $35,343,750.00. Following the sale, the director owned 27,999,644 shares of the company’s stock, valued at $1,583,379,868.20. This trade 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 through this link. 26.30% of the stock is currently owned by insiders.

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.