Carlyle Group Inc. $CG Shares Purchased by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in shares of Carlyle Group Inc. (NASDAQ:CG) by 146.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 347,698 shares of the financial services provider’s stock after acquiring an additional 206,630 shares during the quarter. American Century Companies Inc. owned about 0.10% of Carlyle Group worth $21,801,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Allworth Financial LP raised its holdings in Carlyle Group by 150.3% in the 2nd quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock valued at $26,000 after buying an additional 299 shares during the period. WFA of San Diego LLC acquired a new position in shares of Carlyle Group in the 2nd quarter worth approximately $26,000. Motco purchased a new position in shares of Carlyle Group during the 3rd quarter worth approximately $40,000. Geneos Wealth Management Inc. increased its holdings in Carlyle Group by 755.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 574 shares during the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. raised its position in Carlyle Group by 563.5% in the third 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 period. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Carlyle Group

In other Carlyle Group 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 value of $35,343,750.00. Following the transaction, the director directly owned 27,999,644 shares in the company, valued at $1,583,379,868.20. This represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 26.30% of the stock is owned by company insiders.

Carlyle Group Price Performance

Carlyle Group stock opened at $48.82 on Tuesday. The stock has a market cap of $17.63 billion, a P/E ratio of 22.39, a price-to-earnings-growth ratio of 0.99 and a beta of 2.07. The company has a fifty day simple moving average of $58.20 and a 200-day simple moving average of $58.94. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 1.90. Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month high of $69.85.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.03). The business 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 23.62%. The firm’s quarterly revenue was up 84.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.92 earnings per share. Equities analysts expect that Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Monday, February 16th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, February 13th. This represents a $1.40 annualized dividend and a yield of 2.9%. Carlyle Group’s payout ratio is presently 64.22%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CG. Evercore raised their price target on Carlyle Group from $57.00 to $62.00 and gave the stock an “in-line” rating in a research report on Thursday, January 22nd. Barclays lowered their target price on Carlyle Group from $71.00 to $68.00 and set an “overweight” rating for the company in a report on Monday, March 2nd. TD Cowen boosted their price target on shares of Carlyle Group from $65.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Wolfe Research reissued an “outperform” rating on shares of Carlyle Group in a research note on Wednesday, January 7th. Finally, UBS Group dropped their price objective on shares of Carlyle Group from $81.00 to $65.00 and set a “buy” rating for the company in a report on Friday, February 20th. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $65.36.

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.