Carlyle Group Inc. $CG Shares Sold by Amundi

Amundi trimmed its position in Carlyle Group Inc. (NASDAQ:CG) by 79.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 291,215 shares of the financial services provider’s stock after selling 1,152,941 shares during the period. Amundi’s holdings in Carlyle Group were worth $15,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in Carlyle Group in the 2nd quarter worth approximately $236,000. Pallas Capital Advisors LLC acquired a new stake in shares of Carlyle Group in the second quarter worth $308,000. Brandywine Global Investment Management LLC purchased a new position in shares of Carlyle Group during the first quarter worth $9,511,000. Wellington Shields Capital Management LLC boosted its holdings in Carlyle Group by 11.0% in the second quarter. Wellington Shields Capital Management LLC now owns 89,452 shares of the financial services provider’s stock valued at $4,598,000 after purchasing an additional 8,894 shares during the last quarter. Finally, Invesco Ltd. grew its position in Carlyle Group by 14.2% during the 1st quarter. Invesco Ltd. now owns 742,934 shares of the financial services provider’s stock worth $32,384,000 after purchasing an additional 92,199 shares during the period. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Carlyle Group Stock Up 3.6%

Shares of NASDAQ CG opened at $59.73 on Thursday. The firm has a market cap of $21.53 billion, a price-to-earnings ratio of 33.37, a price-to-earnings-growth ratio of 1.44 and a beta of 2.06. The company’s 50-day simple moving average is $55.88 and its 200-day simple moving average is $57.30. 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 52-week low of $33.02 and a 52-week high of $69.85.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Friday, November 7th. The financial services provider reported $0.98 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.98. Carlyle Group had a net margin of 16.91% and a return on equity of 23.46%. The firm had revenue of $782.50 million for the quarter, compared to analyst estimates of $848.51 million. During the same period last year, the company posted $0.95 EPS. Equities analysts predict that Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

Carlyle Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 10th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Monday, November 10th. Carlyle Group’s payout ratio is presently 78.21%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CG shares. Keefe, Bruyette & Woods decreased their price objective on Carlyle Group from $66.00 to $64.00 and set a “market perform” rating for the company in a report on Monday, November 3rd. Evercore ISI lowered their price objective on Carlyle Group from $64.00 to $57.00 and set an “in-line” rating on the stock in a research report on Monday, November 3rd. BMO Capital Markets initiated coverage on shares of Carlyle Group in a report on Friday, October 3rd. They set an “outperform” rating and a $74.00 target price for the company. Citigroup lowered their price target on shares of Carlyle Group from $74.00 to $71.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carlyle Group in a research note on Wednesday, October 8th. Seven 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 company’s stock. According to MarketBeat.com, Carlyle Group presently has an average rating of “Hold” and a consensus price target of $66.00.

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.