New York State Teachers Retirement System Purchases 49,140 Shares of Carlyle Group Inc. $CG

New York State Teachers Retirement System grew its position in shares of Carlyle Group Inc. (NASDAQ:CG) by 111.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 93,386 shares of the financial services provider’s stock after buying an additional 49,140 shares during the quarter. New York State Teachers Retirement System’s holdings in Carlyle Group were worth $5,855,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Allworth Financial LP lifted its holdings in Carlyle Group by 150.3% during the second quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 299 shares during the period. WFA of San Diego LLC bought a new stake in shares of Carlyle Group during the 2nd quarter worth $26,000. Motco purchased a new position in shares of Carlyle Group in the 3rd quarter worth about $40,000. Geneos Wealth Management Inc. increased its holdings in Carlyle Group by 755.3% during the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after buying an additional 574 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in Carlyle Group in the second quarter worth about $38,000. 55.88% of the stock is owned by hedge funds and other institutional investors.

Carlyle Group Trading Down 0.8%

Shares of CG opened at $65.62 on Friday. The business’s 50-day moving average price is $58.21 and its 200-day moving average price is $60.01. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 1.78. Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $69.85. The stock has a market cap of $23.65 billion, a PE ratio of 36.66, a P/E/G ratio of 1.16 and a beta of 2.04.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Friday, November 7th. The financial services provider reported $0.98 EPS for the quarter, meeting the consensus estimate of $0.98. The company had revenue of $782.50 million during the quarter, compared to analysts’ expectations of $848.51 million. Carlyle Group had a net margin of 16.91% and a return on equity of 23.46%. During the same quarter in the previous year, the company earned $0.95 earnings per share. On average, equities analysts forecast that Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Monday, November 10th. Carlyle Group’s payout ratio is currently 78.21%.

Insider Buying and Selling at Carlyle Group

In other news, Director David M. Rubenstein sold 625,000 shares of the stock in a transaction dated Wednesday, December 10th. The stock was 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. This represents a 2.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 26.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Wolfe Research restated an “outperform” rating on shares of Carlyle Group in a research note on Wednesday, January 7th. Barclays boosted their target price on Carlyle Group from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, December 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlyle Group in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Carlyle Group from a “hold” rating to a “sell” rating in a report on Sunday, January 11th. Finally, Citigroup reduced their target price on shares of Carlyle Group from $74.00 to $71.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $67.08.

Carlyle Group Company Profile

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.