Stanley Laman Group Ltd. Reduces Holdings in Carlyle Group Inc. $CG

Stanley Laman Group Ltd. lowered its position in Carlyle Group Inc. (NASDAQ:CG) by 18.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 64,865 shares of the financial services provider’s stock after selling 14,771 shares during the period. Stanley Laman Group Ltd.’s holdings in Carlyle Group were worth $3,834,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Carlyle Group by 2.9% in the third quarter. Vanguard Group Inc. now owns 25,434,009 shares of the financial services provider’s stock worth $1,594,712,000 after buying an additional 714,428 shares in the last quarter. State Street Corp raised its holdings in Carlyle Group by 20.9% in the 3rd quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock valued at $623,372,000 after acquiring an additional 1,720,483 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Carlyle Group by 1.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,735,298 shares of the financial services provider’s stock worth $457,233,000 after purchasing an additional 117,223 shares in the last quarter. UBS Group AG grew its position in shares of Carlyle Group by 11.2% in the third quarter. UBS Group AG now owns 4,037,257 shares of the financial services provider’s stock valued at $253,136,000 after purchasing an additional 407,493 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Carlyle Group by 1.7% in the second quarter. Ameriprise Financial Inc. now owns 2,769,631 shares of the financial services provider’s stock valued at $142,359,000 after purchasing an additional 46,894 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Insider Transactions at Carlyle Group

In other Carlyle Group news, Director David M. Rubenstein sold 500,000 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $46.68, for a total transaction of $23,340,000.00. Following the transaction, the director directly owned 27,399,644 shares in the company, valued at $1,279,015,381.92. This represents a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 26.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CG has been the topic of several analyst reports. BMO Capital Markets reduced their price target on Carlyle Group from $65.00 to $58.00 and set an “outperform” rating on the stock in a report on Tuesday, March 24th. Morgan Stanley set a $71.00 price objective on shares of Carlyle Group in a research report on Tuesday, January 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlyle Group in a report on Wednesday, January 21st. UBS Group cut their price target on shares of Carlyle Group from $81.00 to $65.00 and set a “buy” rating for the company in a report on Friday, February 20th. Finally, TD Cowen upped their price objective on Carlyle Group from $65.00 to $67.00 and gave the company a “buy” rating in a report on Friday, February 27th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Carlyle Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.43.

Carlyle Group Price Performance

Shares of CG opened at $47.29 on Monday. The company’s 50-day moving average price is $50.71 and its 200 day moving average price is $55.82. Carlyle Group Inc. has a 12-month low of $34.01 and a 12-month high of $69.85. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 1.90. The firm has a market cap of $17.08 billion, a P/E ratio of 21.69, a price-to-earnings-growth ratio of 1.00 and a beta of 2.05.

Carlyle Group (NASDAQ:CG) last announced its earnings results on Thursday, February 5th. The financial services provider reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.03). The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Carlyle Group had a return on equity of 23.62% and a net margin of 16.92%.The company’s quarterly revenue was up 84.1% compared to the same quarter last year. During the same period last year, the business earned $0.92 EPS. On average, sell-side analysts forecast that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Monday, February 16th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, February 13th. Carlyle Group’s dividend payout ratio (DPR) is 64.22%.

Carlyle Group 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.