Northwestern Mutual Investment Management Company LLC Raises Stake in Carlyle Group Inc. $CG

Northwestern Mutual Investment Management Company LLC grew its stake in shares of Carlyle Group Inc. (NASDAQ:CG) by 22.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 58,049 shares of the financial services provider’s stock after acquiring an additional 10,476 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Carlyle Group were worth $3,640,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC grew its position in shares of Carlyle Group by 937.5% during the 1st quarter. AQR Capital Management LLC now owns 57,335 shares of the financial services provider’s stock valued at $2,499,000 after purchasing an additional 51,809 shares in the last quarter. Goldman Sachs Group Inc. grew its position in 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 buying an additional 332,533 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Carlyle Group by 3.4% in the 1st quarter. Empowered Funds LLC now owns 48,237 shares of the financial services provider’s stock valued at $2,103,000 after acquiring an additional 1,579 shares in the last quarter. Focus Partners Wealth boosted 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 valued at $237,000 after acquiring an additional 1,169 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Carlyle Group by 755.3% during the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 574 shares in the last quarter. 55.88% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Carlyle Group news, Director David M. Rubenstein sold 625,000 shares of the firm’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 sale, the director owned 27,999,644 shares of the company’s stock, valued at $1,583,379,868.20. This trade represents a 2.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 26.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CG has been the subject of several research analyst reports. Wall Street Zen lowered shares of Carlyle Group from a “hold” rating to a “sell” rating in a research report on Sunday, January 11th. Citigroup dropped their price objective on shares of Carlyle Group from $74.00 to $71.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Morgan Stanley set a $71.00 target price on Carlyle Group in a research note on Tuesday, January 27th. UBS Group lifted their price target on Carlyle Group from $74.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Carlyle Group in a research report on Wednesday, January 21st. Seven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $68.08.

Carlyle Group Stock Performance

Carlyle Group stock opened at $54.49 on Monday. The firm has a fifty day simple moving average of $60.52 and a two-hundred day simple moving average of $60.09. Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $69.85. The company has a market capitalization of $19.64 billion, a PE ratio of 25.00, a P/E/G ratio of 1.06 and a beta of 2.05. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 1.78.

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

Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Monday, February 16th will be issued a $0.35 dividend. The ex-dividend date is Friday, February 13th. This represents a $1.40 annualized dividend and a dividend yield of 2.6%. Carlyle Group’s dividend payout ratio (DPR) is currently 64.22%.

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.