Carlyle Group Inc. $CG Shares Sold by Private Management Group Inc.

Private Management Group Inc. reduced its holdings in Carlyle Group Inc. (NASDAQ:CG) by 28.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 668,828 shares of the financial services provider’s stock after selling 272,042 shares during the quarter. Carlyle Group makes up 1.2% of Private Management Group Inc.’s portfolio, making the stock its 12th biggest holding. Private Management Group Inc. owned approximately 0.18% of Carlyle Group worth $41,936,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CG. Allworth Financial LP increased its stake in shares of Carlyle Group by 150.3% during the 2nd 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 during the last quarter. WFA of San Diego LLC acquired a new stake in shares of Carlyle Group in the second quarter worth approximately $26,000. Geneos Wealth Management Inc. grew its holdings in Carlyle Group by 755.3% in the first 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 during the period. Motco acquired a new position in Carlyle Group during the third quarter worth approximately $40,000. Finally, Brown Brothers Harriman & Co. purchased a new position in Carlyle Group during the third quarter worth approximately $41,000. 55.88% of the stock is owned by institutional investors and hedge funds.

Carlyle Group Trading Up 0.7%

CG opened at $45.64 on Friday. The firm has a market capitalization of $16.48 billion, a P/E ratio of 20.94, a P/E/G ratio of 0.87 and a beta of 2.07. The firm’s 50 day moving average is $57.14 and its 200-day moving average is $58.53. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 1.90. Carlyle Group Inc. has a 52-week low of $33.02 and a 52-week high of $69.85.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings results 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 firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the business posted $0.92 earnings per share. Carlyle Group’s revenue for the quarter was up 84.1% on a year-over-year basis. Analysts expect that Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Monday, February 16th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, February 13th. Carlyle Group’s payout ratio is presently 64.22%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Morgan Stanley set a $71.00 price objective on shares of Carlyle Group in a research note on Tuesday, January 27th. BMO Capital Markets reiterated an “outperform” rating and issued a $65.00 target price on shares of Carlyle Group in a report on Thursday, March 5th. Wall Street Zen raised Carlyle Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Wolfe Research restated an “outperform” rating on shares of Carlyle Group in a report on Wednesday, January 7th. Finally, Barclays reduced their price objective on Carlyle Group from $71.00 to $68.00 and set an “overweight” rating on the stock in a research note on Monday, March 2nd. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Carlyle Group has an average rating of “Hold” and a consensus target price of $65.36.

Carlyle Group Company 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.