Channing Capital Management LLC Has $10.77 Million Stock Position in Carlyle Group Inc. $CG

Channing Capital Management LLC decreased its holdings in Carlyle Group Inc. (NASDAQ:CG) by 15.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 171,755 shares of the financial services provider’s stock after selling 31,615 shares during the quarter. Channing Capital Management LLC’s holdings in Carlyle Group were worth $10,769,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CG. Citigroup Inc. lifted its stake in shares of Carlyle Group by 13.9% in the third quarter. Citigroup Inc. now owns 121,506 shares of the financial services provider’s stock worth $7,618,000 after acquiring an additional 14,797 shares during the period. Tredje AP fonden lifted its position in shares of Carlyle Group by 26.0% in the 3rd quarter. Tredje AP fonden now owns 45,367 shares of the financial services provider’s stock worth $2,845,000 after purchasing an additional 9,360 shares during the period. Marshall & Sterling Wealth Advisors Inc. boosted its stake in shares of Carlyle Group by 563.5% in the 3rd quarter. Marshall & Sterling Wealth Advisors Inc. now owns 690 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 586 shares during the last quarter. CenterBook Partners LP raised its stake in Carlyle Group by 40.0% during the third quarter. CenterBook Partners LP now owns 18,210 shares of the financial services provider’s stock worth $1,142,000 after buying an additional 5,206 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its holdings in Carlyle Group by 3.6% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 165,789 shares of the financial services provider’s stock valued at $10,397,000 after buying an additional 5,788 shares during the period. 55.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Carlyle Group

In other news, Director David M. Rubenstein sold 625,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $56.55, for a total value 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 trade 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 hyperlink. 26.30% of the stock is currently owned by company insiders.

Carlyle Group Price Performance

Shares of CG opened at $53.23 on Friday. The stock has a market cap of $19.18 billion, a P/E ratio of 24.42, a P/E/G ratio of 1.03 and a beta of 2.05. The business’s fifty day moving average is $60.07 and its 200 day moving average is $59.88. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 1.78. Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month high of $69.85.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Friday, February 6th. The financial services provider reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.03). The business 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 business’s quarterly revenue was up 84.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.92 EPS. Sell-side analysts anticipate 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 was paid on Friday, February 20th. Shareholders of record on Monday, February 16th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Friday, February 13th. Carlyle Group’s payout ratio is currently 64.22%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wolfe Research reissued an “outperform” rating on shares of Carlyle Group in a research report on Wednesday, January 7th. JPMorgan Chase & Co. lifted their target price on Carlyle Group from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Morgan Stanley set a $71.00 price objective on shares of Carlyle Group in a research report on Tuesday, January 27th. Wall Street Zen downgraded shares of Carlyle Group from a “hold” rating to a “sell” rating in a research report on Sunday, January 11th. Finally, Evercore raised their price target on shares of Carlyle Group from $57.00 to $62.00 and gave the stock an “in-line” rating in a report on Thursday, January 22nd. Seven research 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’s stock. Based on data from MarketBeat.com, Carlyle Group has a consensus rating of “Hold” and an average price target of $66.85.

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.