Retireful LLC Purchases New Stake in Carlyle Group Inc. $CG

Retireful LLC purchased a new stake in Carlyle Group Inc. (NASDAQ:CG) in the third quarter, according to its most recent filing with the SEC. The fund purchased 11,703 shares of the financial services provider’s stock, valued at approximately $734,000.

Other large investors also recently modified their holdings of the company. Allworth Financial LP lifted its holdings in Carlyle Group by 150.3% in the second quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 299 shares during the last quarter. WFA of San Diego LLC bought a new stake in shares of Carlyle Group in the 2nd quarter worth approximately $26,000. Geneos Wealth Management Inc. grew 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 worth $28,000 after buying an additional 574 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in Carlyle Group in the second quarter valued at $38,000. Finally, LRI Investments LLC acquired a new position in shares of Carlyle Group during the second quarter valued at $46,000. 55.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CG has been the topic of several recent research reports. TD Cowen cut their price objective on shares of Carlyle Group from $78.00 to $77.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Wall Street Zen downgraded Carlyle Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Barclays lifted their price objective on shares of Carlyle Group from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, December 12th. Morgan Stanley boosted their price target on shares of Carlyle Group from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 21st. Finally, Keefe, Bruyette & Woods dropped their target price on Carlyle Group from $66.00 to $64.00 and set a “market perform” rating on the stock in a report on Monday, November 3rd. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $66.14.

Carlyle Group Stock Up 0.2%

NASDAQ CG opened at $61.09 on Monday. The company has a market capitalization of $22.02 billion, a P/E ratio of 34.13, a PEG ratio of 1.32 and a beta of 2.06. Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $69.85. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.49 and a quick ratio of 2.49. The company’s 50 day simple moving average is $55.86 and its 200 day simple moving average is $58.56.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Friday, November 7th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.98. The company had revenue of $782.50 million for the quarter, compared to analysts’ expectations of $848.51 million. Carlyle Group had a return on equity of 23.46% and a net margin of 16.91%.During the same quarter in the prior year, the company earned $0.95 earnings per share. Equities research analysts expect that Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 10th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.40 dividend on an annualized basis and a yield of 2.3%. Carlyle Group’s dividend payout ratio (DPR) is currently 78.21%.

Insider Activity at Carlyle Group

In related news, Director David M. Rubenstein sold 625,000 shares of the company’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 value of $35,343,750.00. Following the completion of the sale, the director owned 27,999,644 shares in the company, valued at approximately $1,583,379,868.20. This represents a 2.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 26.30% of the stock is currently owned by insiders.

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.