Carlyle Group Inc. $CG Shares Purchased by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd boosted its position in shares of Carlyle Group Inc. (NASDAQ:CG) by 162.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,907 shares of the financial services provider’s stock after buying an additional 74,190 shares during the period. Swiss Life Asset Management Ltd’s holdings in Carlyle Group were worth $7,518,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Larson Financial Group LLC lifted its position in Carlyle Group by 6.0% during the third quarter. Larson Financial Group LLC now owns 3,483 shares of the financial services provider’s stock worth $218,000 after buying an additional 196 shares in the last quarter. DMC Group LLC grew its position in Carlyle Group by 3.2% in the third quarter. DMC Group LLC now owns 6,594 shares of the financial services provider’s stock worth $413,000 after acquiring an additional 205 shares during the period. Savant Capital LLC lifted its position in Carlyle Group by 3.4% in the third quarter. Savant Capital LLC now owns 7,888 shares of the financial services provider’s stock valued at $495,000 after buying an additional 263 shares during the last quarter. McGowan Group Asset Management Inc. raised its position in Carlyle Group by 2.6% in the second quarter. McGowan Group Asset Management Inc. now owns 11,457 shares of the financial services provider’s stock valued at $589,000 after purchasing an additional 294 shares during the period. Finally, Allworth Financial LP increased its stake in Carlyle Group by 150.3% during the second quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 299 shares during the period. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Group Stock Down 1.2%

CG opened at $47.13 on Friday. Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $69.85. The business has a 50 day moving average price of $55.41 and a two-hundred day moving average price of $57.88. 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 company has a market cap of $17.02 billion, a PE ratio of 21.62, a P/E/G ratio of 0.90 and a beta of 2.07.

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

Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Monday, February 16th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, February 13th. Carlyle Group’s payout ratio is currently 64.22%.

Insider Activity at Carlyle Group

In other news, Director David M. Rubenstein sold 500,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $46.68, for a total value of $23,340,000.00. Following the completion of the sale, the director owned 27,399,644 shares in the company, valued at approximately $1,279,015,381.92. This trade represents a 1.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 26.30% of the company’s stock.

Analyst Ratings Changes

CG has been the topic of several analyst reports. Wolfe Research reiterated an “outperform” rating on shares of Carlyle Group in a research note on Wednesday, January 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlyle Group in a research note on Wednesday, January 21st. UBS Group dropped their price target on shares of Carlyle Group from $81.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Royal Bank Of Canada initiated coverage on shares of Carlyle Group in a research report on Monday, February 23rd. They issued an “outperform” rating and a $67.00 price target for the company. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Carlyle Group in a report on Thursday, March 5th. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus 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.