Carlyle Group Inc. $CG Shares Purchased by Assetmark Inc.

Assetmark Inc. increased its position in Carlyle Group Inc. (NASDAQ:CG) by 6.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 559,288 shares of the financial services provider’s stock after acquiring an additional 35,540 shares during the period. Assetmark Inc. owned approximately 0.15% of Carlyle Group worth $35,067,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Carlyle Group during the second quarter valued at approximately $150,122,000. Alkeon Capital Management LLC boosted its position in Carlyle Group by 13.4% during the 2nd quarter. Alkeon Capital Management LLC now owns 5,941,316 shares of the financial services provider’s stock worth $305,384,000 after acquiring an additional 700,000 shares during the period. Azora Capital LP acquired a new stake in Carlyle Group in the second quarter worth about $30,791,000. Massachusetts Financial Services Co. MA grew 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 valued at $477,653,000 after buying an additional 479,216 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake 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 purchasing an additional 426,644 shares during the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other 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 sale, the director directly owned 27,999,644 shares of the company’s stock, valued at $1,583,379,868.20. This represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 26.30% of the company’s stock.

Analyst Upgrades and Downgrades

CG has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Carlyle Group in a report on Wednesday, January 21st. Wolfe Research reiterated an “outperform” rating on shares of Carlyle Group in a report on Wednesday, January 7th. Barclays raised their target price on Carlyle Group from $65.00 to $71.00 and gave the company an “overweight” rating in a report on Monday. Wall Street Zen cut Carlyle Group from a “hold” rating to a “sell” rating in a research report on Sunday, January 11th. Finally, UBS Group upped their price target on Carlyle Group from $74.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $68.08.

Carlyle Group Stock Up 0.1%

Shares of NASDAQ CG opened at $54.49 on Friday. The stock has a market cap of $19.64 billion, a PE ratio of 25.00, a PEG ratio of 1.05 and a beta of 2.05. 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 business has a fifty day moving average of $60.52 and a two-hundred day moving average of $60.12. Carlyle Group Inc. has a 52-week low of $33.02 and a 52-week high of $69.85.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Friday, February 6th. The financial services provider reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.03). The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.09 billion. Carlyle Group had a net margin of 16.92% and a return on equity of 23.98%. Carlyle Group’s quarterly revenue was up 84.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 earnings per share. As a group, equities research 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 disclosed a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Monday, February 16th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.40 dividend on an annualized basis and a yield of 2.6%. Carlyle Group’s dividend payout ratio is currently 64.22%.

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.