Partners Group Holding AG Sells 57,866 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Partners Group Holding AG trimmed its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 11.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 435,712 shares of the financial services provider’s stock after selling 57,866 shares during the period. The Carlyle Group comprises 1.3% of Partners Group Holding AG’s holdings, making the stock its 29th largest holding. Partners Group Holding AG’s holdings in The Carlyle Group were worth $18,762,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CG. FMR LLC raised its holdings in shares of The Carlyle Group by 72.8% in the third quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock worth $174,469,000 after buying an additional 1,707,520 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in The Carlyle Group by 3.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 492,972 shares of the financial services provider’s stock worth $21,227,000 after acquiring an additional 18,698 shares during the last quarter. Bank of Montreal Can lifted its position in The Carlyle Group by 1.3% during the 3rd quarter. Bank of Montreal Can now owns 248,388 shares of the financial services provider’s stock worth $10,827,000 after acquiring an additional 3,297 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of The Carlyle Group by 11.9% in the third quarter. Daiwa Securities Group Inc. now owns 17,873 shares of the financial services provider’s stock valued at $770,000 after purchasing an additional 1,900 shares during the period. Finally, Cerity Partners LLC lifted its holdings in shares of The Carlyle Group by 2.1% during the third quarter. Cerity Partners LLC now owns 71,553 shares of the financial services provider’s stock worth $3,081,000 after purchasing an additional 1,451 shares during the period. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

The Carlyle Group Stock Performance

CG opened at $54.39 on Tuesday. The firm’s fifty day simple moving average is $48.57 and its two-hundred day simple moving average is $44.12. The Carlyle Group Inc. has a 52-week low of $32.23 and a 52-week high of $55.11. The company has a market cap of $19.45 billion, a price-to-earnings ratio of 187.55, a PEG ratio of 1.42 and a beta of 1.70. 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 Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.08. The company had revenue of $895.00 million for the quarter, compared to analysts’ expectations of $908.17 million. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The Carlyle Group’s revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.87 EPS. Equities analysts anticipate that The Carlyle Group Inc. will post 3.77 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.40 annualized dividend and a yield of 2.57%. The Carlyle Group’s dividend payout ratio (DPR) is presently 482.76%.

Insider Activity

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 924,466 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 3,643,231 shares of the company’s stock, valued at $7,796,514.34. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Daniel A. D’aniello sold 495,542 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total value of $25,535,279.26. Following the sale, the director now directly owns 32,504,102 shares in the company, valued at $1,674,936,376.06. This represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,171,556 shares of company stock worth $29,222,475 over the last ninety days. Corporate insiders own 27.20% of the company’s stock.

Wall Street Analysts Forecast Growth

CG has been the topic of several research reports. TD Cowen increased their price target on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Evercore ISI raised 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 report on Monday, October 14th. UBS Group upped their price target on shares of The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. JMP Securities reiterated a “market outperform” rating and set a $60.00 price objective on shares of The Carlyle Group in a research note on Wednesday, October 9th. Finally, Oppenheimer upped their target price on The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $53.33.

The Carlyle Group 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.