Illinois Municipal Retirement Fund Purchases 16,096 Shares of Carlyle Group Inc. $CG

Illinois Municipal Retirement Fund lifted its position in Carlyle Group Inc. (NASDAQ:CG) by 50.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,907 shares of the financial services provider’s stock after purchasing an additional 16,096 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Carlyle Group were worth $3,004,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. DMC Group LLC increased its stake in Carlyle Group by 3.2% in the 3rd 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 last quarter. Moors & Cabot Inc. increased its position in shares of Carlyle Group by 2.1% in the second quarter. Moors & Cabot Inc. now owns 11,029 shares of the financial services provider’s stock worth $567,000 after purchasing an additional 225 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Carlyle Group by 3.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 7,422 shares of the financial services provider’s stock valued at $381,000 after purchasing an additional 228 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in Carlyle Group by 0.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 42,023 shares of the financial services provider’s stock worth $2,143,000 after buying an additional 263 shares in the last quarter. Finally, Savant Capital LLC increased its holdings in shares of Carlyle Group by 3.4% in the 3rd quarter. Savant Capital LLC now owns 7,888 shares of the financial services provider’s stock worth $495,000 after buying an additional 263 shares during the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CG has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Carlyle Group in a research note on Wednesday, January 21st. JPMorgan Chase & Co. raised their price objective on Carlyle Group from $66.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Keefe, Bruyette & Woods cut their target price on Carlyle Group from $66.00 to $64.00 and set a “market perform” rating for the company in a research note on Monday, November 3rd. UBS Group lifted their price target on shares of Carlyle Group from $74.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Finally, Wolfe Research reaffirmed an “outperform” rating on shares of Carlyle Group in a research note on Wednesday, January 7th. Seven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $68.08.

Carlyle Group Trading Up 0.1%

NASDAQ:CG opened at $54.49 on Monday. The firm has a market capitalization of $19.64 billion, a P/E ratio of 25.00, a P/E/G ratio of 1.06 and a beta of 2.05. Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week 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 company has a fifty day moving average of $60.52 and a 200 day moving average of $60.09.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Friday, February 6th. The financial services provider reported $1.01 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.03). The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.09 billion. Carlyle Group had a net margin of 16.92% and a return on equity of 23.98%. The business’s revenue was up 84.1% on a year-over-year basis. During the same period last year, the company posted $0.92 earnings per share. On average, research analysts predict that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Monday, February 16th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.40 dividend on an annualized basis and a yield of 2.6%. Carlyle Group’s dividend payout ratio (DPR) is presently 64.22%.

Insider Transactions at Carlyle Group

In other news, Director David M. Rubenstein sold 625,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director directly owned 27,999,644 shares of the company’s stock, valued at approximately $1,583,379,868.20. This trade represents a 2.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 26.30% of the company’s stock.

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.