International Assets Investment Management LLC purchased a new position in shares of The Carlyle Group Inc. (NASDAQ:CG – Get Rating) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,368 shares of the financial services provider’s stock, valued at approximately $240,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Morgan Stanley grew its holdings in shares of The Carlyle Group by 61.3% in the 2nd quarter. Morgan Stanley now owns 16,028,163 shares of the financial services provider’s stock valued at $744,989,000 after acquiring an additional 6,093,214 shares in the last quarter. Advisor Group Holdings Inc. increased its position in shares of The Carlyle Group by 36.5% during the 3rd quarter. Advisor Group Holdings Inc. now owns 46,967 shares of the financial services provider’s stock worth $2,221,000 after purchasing an additional 12,570 shares during the last quarter. BlackRock Inc. raised its stake in shares of The Carlyle Group by 3.0% during the 3rd quarter. BlackRock Inc. now owns 7,994,579 shares of the financial services provider’s stock worth $377,986,000 after purchasing an additional 229,873 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of The Carlyle Group by 8.8% in the 3rd quarter. CIBC Asset Management Inc now owns 14,317 shares of the financial services provider’s stock valued at $677,000 after buying an additional 1,164 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in The Carlyle Group by 64.5% during the third quarter. Alliancebernstein L.P. now owns 143,158 shares of the financial services provider’s stock worth $6,769,000 after buying an additional 56,150 shares during the last quarter. Institutional investors own 93.84% of the company’s stock.
Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price objective on The Carlyle Group from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, April 7th. BMO Capital Markets cut their price target on The Carlyle Group from $69.00 to $60.00 in a report on Friday, April 29th. Morgan Stanley decreased their price objective on shares of The Carlyle Group from $59.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 20th. The Goldman Sachs Group reduced their target price on shares of The Carlyle Group from $66.00 to $56.00 and set a “buy” rating for the company in a report on Tuesday, March 29th. Finally, Oppenheimer increased their price target on shares of The Carlyle Group from $71.00 to $80.00 in a report on Wednesday, April 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, The Carlyle Group currently has a consensus rating of “Buy” and an average price target of $54.50.
The Carlyle Group (NASDAQ:CG – Get Rating) last issued its quarterly earnings data on Thursday, April 28th. The financial services provider reported $0.74 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.28). The company 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 Carlyle Group’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.58 EPS. On average, research analysts forecast that The Carlyle Group Inc. will post 4.17 earnings per share for the current year.
The firm also recently announced 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. The ex-dividend date was Monday, May 9th. This is an increase from The Carlyle Group’s previous quarterly dividend of $0.25. This represents a $1.30 annualized dividend and a yield of 3.38%. The Carlyle Group’s dividend payout ratio (DPR) is currently 17.69%.
In related news, major shareholder Carlyle Group Inc. sold 8,546 shares of the business’s stock in a transaction on Thursday, April 7th. The shares were sold at an average price of $57.23, for a total value of $489,087.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 93,969 shares of company stock valued at $5,369,291. Corporate insiders own 29.80% of the company’s stock.
About The Carlyle Group (Get Rating)
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.
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