Boston Partners Sells 636,926 Shares of Carlyle Group Inc. $CG

Boston Partners trimmed its position in shares of Carlyle Group Inc. (NASDAQ:CG) by 10.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,533,198 shares of the financial services provider’s stock after selling 636,926 shares during the quarter. Boston Partners’ holdings in Carlyle Group were worth $327,160,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. AQR Capital Management LLC lifted its holdings in Carlyle Group by 937.5% in the first quarter. AQR Capital Management LLC now owns 57,335 shares of the financial services provider’s stock valued at $2,499,000 after buying an additional 51,809 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Carlyle Group by 40.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,144,974 shares of the financial services provider’s stock worth $49,909,000 after acquiring an additional 332,533 shares during the period. Empowered Funds LLC boosted its stake in shares of Carlyle Group by 3.4% during the 1st quarter. Empowered Funds LLC now owns 48,237 shares of the financial services provider’s stock worth $2,103,000 after buying an additional 1,579 shares during the last quarter. Focus Partners Wealth increased its position in shares of Carlyle Group by 27.4% during the 1st quarter. Focus Partners Wealth now owns 5,434 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 1,169 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its position in shares of 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 acquiring an additional 574 shares during the period. 55.88% of the stock is owned by institutional investors.

Insider Activity at Carlyle Group

In other news, Director David M. Rubenstein sold 500,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 25.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CG. Cfra downgraded shares of Carlyle Group to a “sell” rating and set a $45.00 target price for the company. in a report on Friday, May 8th. UBS Group dropped 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. Evercore set a $56.00 price target on shares of Carlyle Group in a report on Tuesday, April 21st. Barclays dropped their price target on shares of Carlyle Group from $67.00 to $63.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Finally, Royal Bank Of Canada lowered shares of Carlyle Group from an “outperform” rating to a “sector perform” rating and set a $58.00 price objective on the stock. in a research note on Monday, May 11th. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $62.00.

Carlyle Group Stock Performance

Shares of CG stock opened at $45.75 on Friday. Carlyle Group Inc. has a one year low of $41.54 and a one year high of $69.85. The firm has a 50-day moving average of $47.59 and a 200-day moving average of $53.03. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.55 and a quick ratio of 2.55. The company has a market cap of $16.47 billion, a P/E ratio of 31.34, a P/E/G ratio of 1.52 and a beta of 1.84.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). The company had revenue of $750.90 million for the quarter, compared to analysts’ expectations of $1.01 billion. Carlyle Group had a return on equity of 20.95% and a net margin of 13.46%.The business’s quarterly revenue was down 28.0% on a year-over-year basis. During the same quarter last year, the business posted $1.14 EPS. Equities research analysts forecast that Carlyle Group Inc. will post 4.05 EPS for the current fiscal year.

Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were paid a $0.35 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.40 annualized dividend and a dividend yield of 3.1%. Carlyle Group’s dividend payout ratio (DPR) is presently 95.89%.

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.