Carlyle Group Inc. $CG Shares Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System raised its position in Carlyle Group Inc. (NASDAQ:CG) by 21.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 72,500 shares of the financial services provider’s stock after purchasing an additional 12,600 shares during the period. Louisiana State Employees Retirement System’s holdings in Carlyle Group were worth $4,546,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vident Advisory LLC lifted its holdings in Carlyle Group by 28.0% in the 1st quarter. Vident Advisory LLC now owns 6,345 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 1,387 shares in the last quarter. AQR Capital Management LLC increased its stake in Carlyle Group by 937.5% in the first quarter. AQR Capital Management LLC now owns 57,335 shares of the financial services provider’s stock valued at $2,499,000 after purchasing an additional 51,809 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in Carlyle Group by 1.0% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 28,315 shares of the financial services provider’s stock worth $1,234,000 after buying an additional 289 shares during the last quarter. Teza Capital Management LLC purchased a new position in shares of Carlyle Group during the 1st quarter worth about $201,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Carlyle Group by 40.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,144,974 shares of the financial services provider’s stock worth $49,909,000 after acquiring an additional 332,533 shares during the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Carlyle Group Trading Down 3.0%

Shares of NASDAQ:CG opened at $63.71 on Thursday. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 1.78. The company’s 50-day moving average price is $56.44 and its 200 day moving average price is $59.31. The company has a market cap of $22.96 billion, a PE ratio of 35.59, a P/E/G ratio of 1.21 and a beta of 2.04. Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $69.85.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Friday, November 7th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.98. Carlyle Group had a net margin of 16.91% and a return on equity of 23.46%. The business had revenue of $782.50 million during the quarter, compared to analysts’ expectations of $848.51 million. During the same period last year, the firm posted $0.95 earnings per share. Sell-side analysts anticipate that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.40 dividend on an annualized basis and a yield of 2.2%. Carlyle Group’s dividend payout ratio is currently 78.21%.

Insider Buying and Selling at Carlyle Group

In other Carlyle Group news, Director David M. Rubenstein sold 625,000 shares of Carlyle Group stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $56.55, for a total transaction of $35,343,750.00. Following the transaction, the director directly owned 27,999,644 shares in the company, valued at approximately $1,583,379,868.20. The trade was a 2.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 26.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on CG. Barclays boosted their price objective on shares of Carlyle Group from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, December 12th. Wolfe Research reaffirmed an “outperform” rating on shares of Carlyle Group in a research report on Wednesday. TD Cowen dropped their target price on Carlyle Group from $78.00 to $77.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. BMO Capital Markets started coverage on shares of Carlyle Group in a report on Friday, October 3rd. They issued an “outperform” rating and a $74.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlyle Group in a research report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Carlyle Group currently has a consensus rating of “Hold” and an average target price of $66.62.

About Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.