Avanza Fonder AB Increases Position in Carlyle Group Inc. $CG

Avanza Fonder AB lifted its stake in Carlyle Group Inc. (NASDAQ:CG) by 71.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,357 shares of the financial services provider’s stock after purchasing an additional 10,950 shares during the quarter. Avanza Fonder AB’s holdings in Carlyle Group were worth $1,558,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Generali Asset Management SPA SGR purchased a new position in shares of Carlyle Group in the 3rd quarter worth about $1,913,000. Fifth Third Bancorp raised its holdings in Carlyle Group by 28.7% in the third quarter. Fifth Third Bancorp now owns 107,198 shares of the financial services provider’s stock worth $6,721,000 after buying an additional 23,901 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of Carlyle Group by 16.3% during 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 buying an additional 29,000 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Carlyle Group by 2.9% during 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 acquiring an additional 714,428 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC purchased a new position in Carlyle Group in the 3rd quarter worth approximately $1,564,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Insider Buying and Selling

In other Carlyle Group news, Director David M. Rubenstein sold 500,000 shares of Carlyle Group stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $46.68, for a total transaction of $23,340,000.00. Following the transaction, the director owned 27,399,644 shares of the company’s stock, valued at $1,279,015,381.92. The trade was a 1.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 26.30% of the company’s stock.

Carlyle Group Price Performance

Shares of NASDAQ:CG opened at $47.26 on Wednesday. The firm’s 50 day moving average price is $54.68 and its 200-day moving average price is $57.61. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 1.90. The stock has a market capitalization of $17.07 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 0.91 and a beta of 2.07. Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $69.85.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.01 earnings per share (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 23.62%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the firm earned $0.92 EPS. The company’s revenue was up 84.1% on a year-over-year basis. Equities research analysts expect that Carlyle Group Inc. will post 4.48 EPS for the current year.

Carlyle Group Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.0%. Carlyle Group’s payout ratio is 64.22%.

Wall Street Analyst Weigh In

CG has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on Carlyle Group from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Morgan Stanley set a $71.00 target price on Carlyle Group in a research report on Tuesday, January 27th. Wall Street Zen raised shares of Carlyle Group from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Evercore increased their price objective on shares of Carlyle Group from $57.00 to $62.00 and gave the company an “in-line” rating in a research report on Thursday, January 22nd. Finally, UBS Group cut 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. Eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Carlyle Group has an average rating of “Hold” and an average price target of $64.86.

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.