Inceptionr LLC Takes $1.44 Million Position in Carlyle Group Inc. $CG

Inceptionr LLC bought a new position in shares of Carlyle Group Inc. (NASDAQ:CG) during the 3rd quarter, HoldingsChannel reports. The firm bought 22,960 shares of the financial services provider’s stock, valued at approximately $1,440,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CG. Allworth Financial LP increased its holdings in shares of Carlyle Group by 150.3% during the second quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 299 shares in the last quarter. WFA of San Diego LLC acquired a new stake in Carlyle Group in the 2nd quarter worth approximately $26,000. Motco purchased a new stake in Carlyle Group during the 3rd quarter worth approximately $40,000. Geneos Wealth Management Inc. increased its stake in Carlyle Group by 755.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 574 shares in the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. raised its holdings in shares of Carlyle Group by 563.5% in the third quarter. Marshall & Sterling Wealth Advisors Inc. now owns 690 shares of the financial services provider’s stock worth $43,000 after buying an additional 586 shares during the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director David M. Rubenstein sold 625,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $56.55, for a total transaction 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 document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 26.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CG shares. UBS Group dropped their price objective on shares of Carlyle Group from $81.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, February 20th. BMO Capital Markets reiterated an “outperform” rating and set a $65.00 price target on shares of Carlyle Group in a research note on Thursday. JPMorgan Chase & Co. increased 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlyle Group in a report on Wednesday, January 21st. Finally, Barclays dropped their target price on Carlyle Group from $71.00 to $68.00 and set an “overweight” rating on the stock in a research report on Monday, March 2nd. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $65.36.

Carlyle Group Price Performance

NASDAQ:CG opened at $48.90 on Monday. The firm’s fifty day moving average is $58.43 and its two-hundred day moving average is $59.04. The firm has a market cap of $17.66 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 0.99 and a beta of 2.07. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.33 and a current ratio of 2.33. Carlyle Group Inc. has a one year low of $33.02 and a one year high of $69.85.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Thursday, February 5th. 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 23.62%. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the business posted $0.92 EPS. The business’s quarterly 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Monday, February 16th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.40 dividend on an annualized basis and a yield of 2.9%. Carlyle Group’s payout ratio is presently 64.22%.

About Carlyle Group

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.