The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 21.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 76,020 shares of the financial services provider’s stock after selling 21,185 shares during the quarter. Royce & Associates LP’s holdings in The Carlyle Group were worth $3,273,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Tobam acquired a new stake in The Carlyle Group during the 2nd quarter worth $27,000. Blue Trust Inc. grew its stake in The Carlyle Group by 506.3% during the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 643 shares in the last quarter. Rothschild Investment LLC purchased a new position in The Carlyle Group in the 2nd quarter worth approximately $50,000. 1832 Asset Management L.P. purchased a new stake in shares of The Carlyle Group in the first quarter valued at approximately $55,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its position in The Carlyle Group by 1,600.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock worth $73,000 after buying an additional 1,600 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 275,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $2.20, for a total transaction of $605,000.00. Following the completion of the sale, the insider now owns 2,405,461 shares in the company, valued at approximately $5,292,014.20. The trade was a 10.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel A. D’aniello sold 495,542 shares of The Carlyle Group stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the sale, the director now owns 32,504,102 shares in the company, valued at $1,674,936,376.06. This represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,171,556 shares of company stock valued at $29,222,475. 27.20% of the stock is currently owned by corporate insiders.

The Carlyle Group Stock Up 1.5 %

Shares of CG opened at $50.86 on Tuesday. The company’s 50-day simple moving average is $47.21 and its 200-day simple moving average is $43.74. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The Carlyle Group Inc. has a 1 year low of $31.21 and a 1 year high of $54.52. The stock has a market capitalization of $18.19 billion, a PE ratio of 175.38, a P/E/G ratio of 1.33 and a beta of 1.70.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.87 by $0.08. The company had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $908.17 million. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The firm’s revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.87 EPS. Analysts forecast that The Carlyle Group Inc. will post 3.77 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Monday, November 18th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Monday, November 18th. The Carlyle Group’s dividend payout ratio is currently 482.76%.

Analyst Ratings Changes

CG has been the subject of a number of recent research reports. Keefe, Bruyette & Woods raised their target price on The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, November 8th. Evercore ISI lifted their target price on shares of The Carlyle Group from $45.00 to $47.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. Oppenheimer increased their price target on shares of The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. StockNews.com upgraded The Carlyle Group from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, UBS Group lifted their target price on The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $53.33.

About The 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.