Nilsine Partners LLC Takes $949,000 Position in Carlyle Group Inc. $CG

Nilsine Partners LLC bought a new position in Carlyle Group Inc. (NASDAQ:CG) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 15,134 shares of the financial services provider’s stock, valued at approximately $949,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CG. GAMMA Investing LLC boosted its holdings in Carlyle Group by 6.5% during the 3rd quarter. GAMMA Investing LLC now owns 8,564 shares of the financial services provider’s stock valued at $537,000 after acquiring an additional 522 shares during the period. Texas Permanent School Fund Corp lifted its position in Carlyle Group by 20.7% in the second quarter. Texas Permanent School Fund Corp now owns 162,794 shares of the financial services provider’s stock valued at $8,368,000 after purchasing an additional 27,881 shares during the last quarter. Osaic Holdings Inc. grew its holdings in shares of Carlyle Group by 75.8% in the second quarter. Osaic Holdings Inc. now owns 74,943 shares of the financial services provider’s stock worth $3,636,000 after purchasing an additional 32,308 shares during the last quarter. American Trust purchased a new position in shares of Carlyle Group in the second quarter worth $235,000. Finally, Orion Porfolio Solutions LLC boosted its position in Carlyle Group by 28.6% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 15,022 shares of the financial services provider’s stock valued at $772,000 after buying an additional 3,344 shares during the period. 55.88% of the stock is owned by institutional investors.

Carlyle Group Price Performance

Shares of CG stock opened at $57.78 on Wednesday. The business’s fifty day moving average is $55.56 and its 200 day moving average is $57.76. 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 stock has a market cap of $20.82 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 1.43 and a beta of 2.06. Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $69.85.

Carlyle Group (NASDAQ:CG) last announced its earnings results on Friday, November 7th. The financial services provider reported $0.98 EPS for the quarter, meeting analysts’ consensus estimates of $0.98. The firm had revenue of $782.50 million for 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 business posted $0.95 EPS. Research analysts expect that Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

Carlyle Group Dividend Announcement

The firm also recently announced 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 dividend yield of 2.4%. Carlyle Group’s dividend payout ratio (DPR) is currently 78.21%.

Insider Activity at Carlyle Group

In related news, Director David M. Rubenstein sold 625,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $56.55, for a total value of $35,343,750.00. Following the sale, the director owned 27,999,644 shares in the company, valued at $1,583,379,868.20. This represents a 2.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 26.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CG shares. UBS Group began coverage on Carlyle Group in a report on Thursday, December 11th. They set a “buy” rating and a $74.00 price target on the stock. 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. Wall Street Zen lowered Carlyle Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. JPMorgan Chase & Co. reduced their price objective on shares of Carlyle Group from $68.00 to $66.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Finally, Citigroup dropped 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 report on Monday, November 3rd. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $66.14.

Carlyle Group Company 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.