Carlyle Group Inc. $CG Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC cut its stake in shares of Carlyle Group Inc. (NASDAQ:CG) by 2.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 212,902 shares of the financial services provider’s stock after selling 5,290 shares during the period. Brandywine Global Investment Management LLC’s holdings in Carlyle Group were worth $10,943,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Legal & General Group Plc boosted its stake in shares of Carlyle Group by 8.0% in the second quarter. Legal & General Group Plc now owns 3,366,980 shares of the financial services provider’s stock valued at $173,063,000 after purchasing an additional 248,107 shares during the period. JPMorgan Chase & Co. boosted its position in Carlyle Group by 1.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,058,721 shares of the financial services provider’s stock valued at $54,421,000 after buying an additional 12,144 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in shares of Carlyle Group by 8.3% during the second quarter. TD Waterhouse Canada Inc. now owns 18,275 shares of the financial services provider’s stock valued at $965,000 after acquiring an additional 1,395 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Carlyle Group by 1.8% in the second quarter. Vanguard Group Inc. now owns 24,719,581 shares of the financial services provider’s stock worth $1,270,586,000 after acquiring an additional 426,644 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in Carlyle Group by 5.5% in the second quarter. Nomura Asset Management Co. Ltd. now owns 88,795 shares of the financial services provider’s stock valued at $4,564,000 after purchasing an additional 4,639 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Carlyle Group Trading Up 1.9%

Carlyle Group stock opened at $51.72 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.24 and a current ratio of 2.24. Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $69.85. The firm’s 50-day moving average is $58.62 and its 200-day moving average is $56.37. The company has a market cap of $18.64 billion, a P/E ratio of 15.12, a PEG ratio of 1.22 and a beta of 2.01.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Friday, November 7th. The financial services provider reported $0.98 earnings per share for the quarter, hitting the consensus estimate of $0.98. Carlyle Group had a net margin of 20.22% and a return on equity of 23.60%. The firm had revenue of $782.50 million for the quarter, compared to analyst estimates of $848.51 million. During the same quarter in the prior year, the business earned $0.95 earnings per share. On average, equities analysts expect that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 10th were given a dividend of $0.35 per share. The ex-dividend date was Monday, November 10th. This represents a $1.40 dividend on an annualized basis and a yield of 2.7%. Carlyle Group’s payout ratio is currently 78.21%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Barclays restated an “overweight” rating and set a $74.00 price objective (up from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. Citigroup cut their price target on shares of Carlyle Group from $74.00 to $71.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Keefe, Bruyette & Woods decreased their price objective on shares of Carlyle Group from $66.00 to $64.00 and set a “market perform” rating for the company in a report on Monday, November 3rd. Evercore ISI cut their target price on shares of Carlyle Group from $64.00 to $57.00 and set an “in-line” rating on the stock in a research note on Monday, November 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Carlyle Group in a research note on Wednesday, October 8th. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $66.00.

About Carlyle Group

The Carlyle Group Inc is an investment firm specializing in direct and fund of 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.