The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by KRS Capital Management LLC

KRS Capital Management LLC decreased its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 24.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,120 shares of the financial services provider’s stock after selling 1,660 shares during the quarter. KRS Capital Management LLC’s holdings in The Carlyle Group were worth $240,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CG. Vanguard Group Inc. boosted its holdings in The Carlyle Group by 7.6% in the fourth quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock valued at $1,012,212,000 after acquiring an additional 1,756,189 shares during the last quarter. Ariel Investments LLC boosted its holdings in The Carlyle Group by 16.9% in the third quarter. Ariel Investments LLC now owns 6,364,528 shares of the financial services provider’s stock valued at $191,954,000 after acquiring an additional 918,114 shares during the last quarter. Norges Bank acquired a new position in shares of The Carlyle Group during the fourth quarter worth about $130,771,000. Goldman Sachs Group Inc. lifted its stake in shares of The Carlyle Group by 194.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,593,761 shares of the financial services provider’s stock worth $105,540,000 after purchasing an additional 1,712,133 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of The Carlyle Group by 3.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,368,100 shares of the financial services provider’s stock worth $96,375,000 after purchasing an additional 84,080 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. TD Cowen reduced their price objective on The Carlyle Group from $49.00 to $45.00 and set a “hold” rating on the stock in a research note on Thursday, May 2nd. Oppenheimer reduced their price objective on The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, May 2nd. Keefe, Bruyette & Woods restated a “market perform” rating and set a $48.00 price objective (down previously from $50.00) on shares of The Carlyle Group in a research note on Thursday, May 2nd. Jefferies Financial Group dropped their target price on The Carlyle Group from $49.00 to $44.00 and set a “hold” rating on the stock in a research report on Thursday, May 9th. Finally, The Goldman Sachs Group dropped their target price on The Carlyle Group from $54.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, The Carlyle Group currently has a consensus rating of “Hold” and an average target price of $45.60.

The Carlyle Group Price Performance

CG stock traded up $0.26 during midday trading on Friday, reaching $40.15. The company had a trading volume of 2,411,176 shares, compared to its average volume of 2,408,747. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.53 and a current ratio of 2.53. The stock has a 50 day moving average price of $42.25 and a 200 day moving average price of $42.94. The Carlyle Group Inc. has a fifty-two week low of $27.13 and a fifty-two week high of $48.52.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.09. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $986.10 million. During the same period in the previous year, the firm posted $0.63 earnings per share. The Carlyle Group’s quarterly revenue was up 35.6% compared to the same quarter last year. On average, equities analysts predict that The Carlyle Group Inc. will post 3.9 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 14th were paid a $0.35 dividend. The ex-dividend date was Monday, May 13th. This represents a $1.40 dividend on an annualized basis and a yield of 3.49%. The Carlyle Group’s payout ratio is currently -78.21%.

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 127,981 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $36.19, for a total transaction of $4,631,632.39. Following the completion of the transaction, the insider now directly owns 12,123,705 shares in the company, valued at $438,756,883.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 514,288 shares of company stock worth $18,383,593. Company insiders own 27.20% of the company’s stock.

The Carlyle Group Company Profile

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.