UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $60.51 Million Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in The Carlyle Group Inc. (NASDAQ:CG) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,405,206 shares of the financial services provider’s stock after acquiring an additional 36,549 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.39% of The Carlyle Group worth $60,508,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tidal Investments LLC purchased a new position in The Carlyle Group during the first quarter valued at approximately $202,000. Swedbank AB purchased a new stake in shares of The Carlyle Group during the first quarter worth $740,000. Cetera Investment Advisers boosted its position in The Carlyle Group by 292.1% during the first quarter. Cetera Investment Advisers now owns 33,560 shares of the financial services provider’s stock valued at $1,574,000 after purchasing an additional 25,002 shares during the last quarter. Cetera Advisors LLC acquired a new position in The Carlyle Group in the 1st quarter worth about $773,000. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of The Carlyle Group by 28.5% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 41,760 shares of the financial services provider’s stock worth $1,967,000 after purchasing an additional 9,273 shares in the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

The Carlyle Group Stock Down 0.8 %

CG stock opened at $52.78 on Tuesday. The business’s 50-day simple moving average is $49.36 and its 200 day simple moving average is $44.41. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38. The company has a market cap of $18.88 billion, a PE ratio of 182.00, a price-to-earnings-growth ratio of 1.41 and a beta of 1.70. The Carlyle Group Inc. has a twelve month low of $34.72 and a twelve month high of $55.11.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The business had revenue of $895.00 million during the quarter, compared to analyst estimates of $908.17 million. During the same period in the prior year, the company posted $0.87 earnings per share. The Carlyle Group’s revenue was up 15.2% on a year-over-year basis. On average, research analysts anticipate that The Carlyle Group Inc. will post 3.77 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date was Monday, November 18th. The Carlyle Group’s payout ratio is 482.76%.

Insider Transactions at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 924,466 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total value of $1,978,357.24. Following the transaction, the insider now directly owns 3,643,231 shares in the company, valued at $7,796,514.34. The trade was a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel A. D’aniello sold 495,542 shares of the firm’s stock in a transaction that occurred 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 directly owns 32,504,102 shares of the company’s stock, valued at approximately $1,674,936,376.06. The trade was a 1.50 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,171,556 shares of company stock valued at $29,222,475. Corporate insiders own 27.20% of the company’s stock.

Wall Street Analyst Weigh In

CG has been the topic of a number of research reports. Oppenheimer increased their price objective on The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Morgan Stanley raised their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Barclays upped their price objective on shares of The Carlyle Group from $50.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. UBS Group boosted their price target on The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. increased their price objective on The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.