Carlyle Group Inc. $CG Stock Holdings Lowered by Cinctive Capital Management LP

Cinctive Capital Management LP cut its position in Carlyle Group Inc. (NASDAQ:CG) by 47.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 80,050 shares of the financial services provider’s stock after selling 73,491 shares during the quarter. Cinctive Capital Management LP’s holdings in Carlyle Group were worth $5,019,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Carlyle Group by 2.9% in the third quarter. Vanguard Group Inc. now owns 25,434,009 shares of the financial services provider’s stock valued at $1,594,712,000 after purchasing an additional 714,428 shares during the period. State Street Corp boosted its position in shares of Carlyle Group by 4.8% during the second quarter. State Street Corp now owns 8,221,652 shares of the financial services provider’s stock worth $422,593,000 after buying an additional 378,455 shares during the period. Massachusetts Financial Services Co. MA grew its holdings 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 worth $477,653,000 after buying an additional 479,216 shares in the last quarter. Alkeon Capital Management LLC increased its position in Carlyle Group by 13.4% in the 2nd quarter. Alkeon Capital Management LLC now owns 5,941,316 shares of the financial services provider’s stock valued at $305,384,000 after acquiring an additional 700,000 shares during the period. Finally, Geode Capital Management LLC raised its stake in Carlyle Group by 5.6% during the 2nd quarter. Geode Capital Management LLC now owns 4,284,894 shares of the financial services provider’s stock valued at $219,583,000 after acquiring an additional 228,484 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

Wall Street Analysts Forecast Growth

CG has been the subject of several recent analyst reports. Evercore increased their price target on Carlyle Group from $57.00 to $62.00 and gave the stock an “in-line” rating in a research note on Thursday, January 22nd. Morgan Stanley set a $71.00 price objective on shares of Carlyle Group in a report on Tuesday, January 27th. UBS Group decreased their target price on shares of Carlyle Group from $81.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, February 20th. JPMorgan Chase & Co. boosted their price target on shares of Carlyle Group from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Finally, TD Cowen increased their price objective on shares of Carlyle Group from $65.00 to $67.00 and gave the company a “buy” rating in a report on Friday, February 27th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $65.36.

Carlyle Group Trading Up 0.7%

Shares of CG stock opened at $45.64 on Monday. The stock has a 50-day simple moving average of $57.14 and a 200 day simple moving average of $58.44. The stock has a market capitalization of $16.48 billion, a P/E ratio of 20.94, a P/E/G ratio of 0.88 and a beta of 2.07. Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $69.85. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 1.90.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.01 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.03). Carlyle Group had a return on equity of 23.62% and a net margin of 16.92%.The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the firm posted $0.92 earnings per share. Carlyle Group’s revenue was up 84.1% compared to the same quarter last year. On average, sell-side analysts expect that Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

Carlyle Group Announces Dividend

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 of this dividend was Friday, February 13th. This represents a $1.40 annualized dividend and a yield of 3.1%. Carlyle Group’s dividend 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.