AXQ Capital LP Has $497,000 Stake in Carlyle Group Inc. $CG

AXQ Capital LP cut its holdings in shares of Carlyle Group Inc. (NASDAQ:CG) by 61.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,927 shares of the financial services provider’s stock after selling 12,643 shares during the period. AXQ Capital LP’s holdings in Carlyle Group were worth $497,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of CG. Compound Planning Inc. bought a new position in Carlyle Group during the third quarter worth about $260,000. Legacy Financial Advisors Inc. raised its holdings in Carlyle Group by 9.8% in the 3rd quarter. Legacy Financial Advisors Inc. now owns 10,354 shares of the financial services provider’s stock valued at $649,000 after acquiring an additional 927 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of Carlyle Group by 17.6% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 48,818 shares of the financial services provider’s stock worth $3,061,000 after acquiring an additional 7,296 shares during the period. Citigroup Inc. boosted its stake in Carlyle Group by 13.9% in the third quarter. Citigroup Inc. now owns 121,506 shares of the financial services provider’s stock valued at $7,618,000 after buying an additional 14,797 shares in the last quarter. Finally, Tredje AP fonden boosted its holdings in shares of Carlyle Group by 26.0% during the 3rd quarter. Tredje AP fonden now owns 45,367 shares of the financial services provider’s stock valued at $2,845,000 after acquiring an additional 9,360 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

Insider Buying and Selling at Carlyle Group

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 completion of the transaction, the director 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 26.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CG. Wall Street Zen downgraded Carlyle Group from a “hold” rating to a “sell” rating in a research note on Sunday, January 11th. Citigroup dropped their price target on shares of Carlyle Group from $74.00 to $71.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Royal Bank Of Canada assumed coverage on shares of Carlyle Group in a research note on Monday. They issued an “outperform” rating and a $67.00 price objective on the stock. TD Cowen reaffirmed a “buy” rating on shares of Carlyle Group in a report on Wednesday, January 14th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Carlyle Group in a research note on Wednesday, January 21st. 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $66.86.

Carlyle Group Stock Performance

Shares of Carlyle Group stock opened at $50.89 on Wednesday. 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 1-year low of $33.02 and a 1-year high of $69.85. The business has a 50-day moving average price of $59.77 and a two-hundred day moving average price of $59.70. The company has a market cap of $18.34 billion, a P/E ratio of 23.34, a PEG ratio of 0.96 and a beta of 2.05.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Friday, February 6th. The financial services provider reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.03). The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.09 billion. Carlyle Group had a return on equity of 23.98% and a net margin of 16.92%.The firm’s quarterly revenue was up 84.1% compared to the same quarter last year. During the same period last year, the company posted $0.92 earnings per share. As a group, analysts anticipate that Carlyle Group Inc. will post 4.48 EPS for the current year.

Carlyle Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Monday, February 16th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, February 13th. Carlyle Group’s payout ratio is currently 64.22%.

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.