Carlyle Group Inc. $CG Shares Bought by Aberdeen Group plc

Aberdeen Group plc lifted its position in shares of Carlyle Group Inc. (NASDAQ:CG) by 18.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 183,210 shares of the financial services provider’s stock after buying an additional 28,317 shares during the quarter. Aberdeen Group plc owned approximately 0.05% of Carlyle Group worth $11,487,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Generali Asset Management SPA SGR acquired a new position in Carlyle Group during the third quarter worth approximately $1,913,000. New York State Common Retirement Fund boosted its holdings in Carlyle Group by 16.3% in the third quarter. New York State Common Retirement Fund now owns 207,395 shares of the financial services provider’s stock valued at $13,004,000 after acquiring an additional 29,000 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Carlyle Group during the second quarter worth about $236,000. Onyx Bridge Wealth Group LLC purchased a new position in shares of Carlyle Group in the 3rd quarter worth about $1,564,000. Finally, Galvin Gaustad & Stein LLC lifted its stake in shares of Carlyle Group by 54.4% in the 3rd quarter. Galvin Gaustad & Stein LLC now owns 233,054 shares of the financial services provider’s stock valued at $14,612,000 after purchasing an additional 82,094 shares in the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Carlyle Group Price Performance

Shares of NASDAQ CG opened at $52.98 on Friday. The firm has a 50-day moving average of $60.17 and a two-hundred day moving average of $59.93. The company has a market capitalization of $19.09 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 1.06 and a beta of 2.05. 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 twelve month low of $33.02 and a twelve month high of $69.85.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data 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). Carlyle Group had a net margin of 16.92% and a return on equity of 23.98%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the company posted $0.92 EPS. Carlyle Group’s revenue was up 84.1% on a year-over-year basis. As a group, analysts expect 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 will be paid on Friday, February 20th. Stockholders of record on Monday, February 16th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.6%. Carlyle Group’s dividend payout ratio is 64.22%.

Insider Buying and Selling at Carlyle Group

In other news, Director David M. Rubenstein sold 625,000 shares of the stock in a transaction 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 26.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on CG. TD Cowen restated a “buy” rating on shares of Carlyle Group in a report on Wednesday, January 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlyle Group in a research note on Wednesday, January 21st. Keefe, Bruyette & Woods decreased their price target on shares of Carlyle Group from $66.00 to $64.00 and set a “market perform” rating for the company in a research report on Monday, November 3rd. JPMorgan Chase & Co. upped their target price on Carlyle Group from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Finally, Wolfe Research reissued an “outperform” rating on shares of Carlyle Group in a research report on Wednesday, January 7th. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $68.08.

About Carlyle Group

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.