83,100 Shares in Carlyle Group Inc. $CG Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA acquired a new stake in Carlyle Group Inc. (NASDAQ:CG) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 83,100 shares of the financial services provider’s stock, valued at approximately $5,210,000.

Other large investors also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in shares of Carlyle Group by 18.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,150 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 177 shares during the last quarter. Wedmont Private Capital lifted its stake in Carlyle Group by 3.5% in the second quarter. Wedmont Private Capital now owns 5,831 shares of the financial services provider’s stock valued at $332,000 after buying an additional 196 shares during the period. Verdence Capital Advisors LLC grew its position in shares of Carlyle Group by 1.8% during the 2nd quarter. Verdence Capital Advisors LLC now owns 11,673 shares of the financial services provider’s stock worth $600,000 after buying an additional 212 shares during the period. B. Metzler seel. Sohn & Co. AG increased its stake in shares of Carlyle Group by 3.5% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 6,365 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 215 shares during the last quarter. Finally, Bfsg LLC raised its position in shares of Carlyle Group by 3.0% in the 2nd quarter. Bfsg LLC now owns 7,345 shares of the financial services provider’s stock valued at $378,000 after acquiring an additional 215 shares during the period. Institutional investors and hedge funds own 55.88% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on CG. Wall Street Zen downgraded shares of Carlyle Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Morgan Stanley upped their price objective on shares of Carlyle Group from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 21st. UBS Group started coverage on Carlyle Group in a research note on Thursday, December 11th. They issued a “buy” rating and a $74.00 target price for the company. Evercore ISI dropped their price target on Carlyle Group from $64.00 to $57.00 and set an “in-line” rating on the stock in a research report on Monday, November 3rd. Finally, Citigroup lowered their target price on Carlyle Group from $74.00 to $71.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Carlyle Group currently has a consensus rating of “Hold” and an average target price of $66.14.

Carlyle Group Trading Down 0.0%

Shares of NASDAQ:CG opened at $57.78 on Wednesday. Carlyle Group Inc. has a 52-week low of $33.02 and a 52-week high of $69.85. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.49 and a current ratio of 2.49. The company has a market capitalization of $20.82 billion, a P/E ratio of 32.28, a price-to-earnings-growth ratio of 1.43 and a beta of 2.06. The company has a 50-day simple moving average of $55.56 and a 200 day simple moving average of $57.76.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Friday, November 7th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.98. Carlyle Group had a return on equity of 23.46% and a net margin of 16.91%.The firm had revenue of $782.50 million for the quarter, compared to analyst estimates of $848.51 million. During the same quarter in the prior year, the company earned $0.95 earnings per share. Sell-side analysts forecast that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.40 annualized dividend and a yield of 2.4%. Carlyle Group’s dividend payout ratio (DPR) is currently 78.21%.

Insider Activity at Carlyle Group

In other Carlyle Group news, Director David M. Rubenstein sold 625,000 shares of the company’s stock in a transaction 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. The trade was 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 at this hyperlink. 26.30% of the stock is currently owned by corporate insiders.

Carlyle Group Profile

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.