Massachusetts Financial Services Co. MA Has $477.65 Million Holdings in Carlyle Group Inc. $CG

Massachusetts Financial Services Co. MA lifted its stake in Carlyle Group Inc. (NASDAQ:CG) by 6.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,618,075 shares of the financial services provider’s stock after acquiring an additional 479,216 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Carlyle Group were worth $477,653,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Maryland State Retirement & Pension System grew its position in Carlyle Group by 6.1% in the 3rd quarter. Maryland State Retirement & Pension System now owns 13,486 shares of the financial services provider’s stock worth $846,000 after purchasing an additional 775 shares during the last quarter. SOL Capital Management CO grew its position in Carlyle Group by 0.9% during the third quarter. SOL Capital Management CO now owns 188,239 shares of the financial services provider’s stock worth $11,803,000 after buying an additional 1,669 shares in the last quarter. Ritholtz Wealth Management bought a new position in Carlyle Group during the third quarter valued at about $572,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Carlyle Group by 2.6% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 51,586 shares of the financial services provider’s stock valued at $3,234,000 after acquiring an additional 1,321 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its holdings in shares of Carlyle Group by 6.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 16,434 shares of the financial services provider’s stock worth $1,030,000 after purchasing an additional 954 shares in the last quarter. 55.88% of the stock is owned by institutional investors.

Insider Activity at Carlyle Group

In other news, Director David M. Rubenstein sold 625,000 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $56.55, for a total value of $35,343,750.00. Following the completion of the sale, the director directly owned 27,999,644 shares in the company, valued at approximately $1,583,379,868.20. This trade represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 26.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on CG shares. TD Cowen cut their target price on Carlyle Group from $77.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, January 14th. Keefe, Bruyette & Woods reduced their price objective on shares of Carlyle Group from $66.00 to $64.00 and set a “market perform” rating for the company in a report on Monday, November 3rd. JPMorgan Chase & Co. lowered their target price on shares of Carlyle Group from $68.00 to $66.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Evercore ISI cut their price target on shares of Carlyle Group from $64.00 to $57.00 and set an “in-line” rating for the company in a research note on Monday, November 3rd. Finally, Morgan Stanley upped their price objective on Carlyle Group from $65.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 21st. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Carlyle Group presently has a consensus rating of “Hold” and an average target price of $67.08.

Carlyle Group Trading Down 0.8%

Shares of CG stock opened at $65.62 on Monday. The company has a market capitalization of $23.65 billion, a P/E ratio of 36.66, a P/E/G ratio of 1.15 and a beta of 2.04. Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month high of $69.85. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 1.78. The firm has a 50-day moving average price of $58.21 and a 200 day moving average price of $60.10.

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

Carlyle Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.40 dividend on an annualized basis and a yield of 2.1%. Carlyle Group’s payout ratio is currently 78.21%.

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.