Alliancebernstein LP raised its position in shares of The Carlyle Group Inc. (NASDAQ: CG – Get Rating) by 19.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 170,799 shares of the financial services provider’s stock after purchasing an additional 27,641 shares during the quarter. Alliancebernstein LP’s holdings in The Carlyle Group were worth $ 9,377,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ellevest Inc. boosted its holdings in shares of The Carlyle Group by 495.2% during the fourth quarter. Ellevest Inc. now owns 619 shares of the financial services provider’s stock worth $ 34,000 after purchasing an additional 515 shares during the period. CWM LLC bought a new position in The Carlyle Group during the fourth quarter valued at about $ 56,000. Pacer Advisors Inc. acquired a new stake in shares of The Carlyle Group in the fourth quarter worth about $ 65,000. Edmond DE Rothschild Holding SA increased its holdings in shares of The Carlyle Group by 407.8% during the 4th quarter. Edmond DE Rothschild Holding SA now owns 1,295 shares of the financial services provider’s stock valued at $ 71,000 after acquiring an additional 1,040 shares during the last quarter. Finally, GraniteShares Advisors LLC bought a new position in shares of The Carlyle Group in the 4th quarter valued at approximately $ 89,000. Institutional investors own 93.84% of the company stock.
A number of analysts have recently weighed in on CG shares. Oppenheimer boosted their price objective on shares of The Carlyle Group from $ 71.00 to $ 80.00 in a research note on Wednesday, April 13th. Deutsche Bank Aktiengesellschaft dropped their price target on The Carlyle Group from $ 68.00 to $ 64.00 in a report on Thursday, May 19th. Morgan Stanley reduced their price target on The Carlyle Group from $ 59.00 to $ 54.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 20th. StockNews.com downgraded The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Wednesday, May 4th. Finally, BMO Capital Markets dropped their price target on shares of The Carlyle Group from $ 69.00 to $ 60.00 in a report on Friday, April 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $ 59.05.
In related news, Director David M. Rubenstein sold 2,000,000 shares of the firm’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $ 38.67, for a total transaction of $ 77,340,000.00. Following the sale, the director now owns 29,249,644 shares of the company stock, valued at approximately $ 1,131,083,733.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Carlyle Group Inc. sold 85,323 shares of the company stock in a transaction dated Wednesday, April 13th. The stock was sold at an average price of $ 57.13, for a total value of $ 4,874,502.99. Following the completion of the transaction, the insider now directly owns 41,671,945 shares of the company stock, valued at approximately $ 2,380,718,217.85. The disclosure for this sale can be found here. Insiders sold 2,093,969 shares of company stock worth $ 82,709,291 over the last ninety days. 29.80% of the stock is currently owned by insiders.
Shares of The Carlyle Group stock opened at $ 35.96 on Friday. The firm’s 50-day moving average price is $ 39.62 and its two-hundred day moving average price is $ 46.18. The company has a market capitalization of $ 13.01 billion, a price-to-earnings ratio of 4.89, a PEG ratio of 0.38 and a beta of 1.55. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 1.25. The Carlyle Group Inc. has a 12-month low of $ 34.62 and a 12-month high of $ 60.62.
The Carlyle Group (NASDAQ: CG – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The financial services provider reported $ 0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $ 0.98 by ($ 0.24). The firm had revenue of $ 779.50 million during the quarter, compared to the consensus estimate of $ 1.06 billion. The Carlyle Group had a net margin of 33.77% and a return on equity of 41.54%. The business’s revenue was up 27.3% compared to the same quarter last year. During the same period last year, the business earned $ 0.58 earnings per share. On average, sell-side analysts expect that The Carlyle Group Inc. will post 4.15 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 17th. Investors of record on Tuesday, May 10th were given a dividend of $ 0.325 per share. This is an increase from The Carlyle Group’s previous quarterly dividend of $ 0.25. This represents a $ 1.30 annualized dividend and a dividend yield of 3.62%. The ex-dividend date was Monday, May 9th. The Carlyle Group’s dividend payout ratio is currently 17.69%.
The Carlyle Group Company Profile: (Get Rating)
The Carlyle Group Inc is an investment firm specializing in direct and fund investments. Within direct investments, it specializes in management-led / Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed / startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.
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