Allen Mooney & Barnes Investment Advisors LLC Sells 67,245 Shares of Carlyle Group Inc. $CG

Allen Mooney & Barnes Investment Advisors LLC reduced its stake in shares of Carlyle Group Inc. (NASDAQ:CG) by 21.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 247,189 shares of the financial services provider’s stock after selling 67,245 shares during the quarter. Carlyle Group comprises about 2.4% of Allen Mooney & Barnes Investment Advisors LLC’s portfolio, making the stock its 14th biggest position. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Carlyle Group were worth $15,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. American Century Companies Inc. boosted its stake in shares of Carlyle Group by 3.3% in the 1st quarter. American Century Companies Inc. now owns 68,885 shares of the financial services provider’s stock valued at $3,003,000 after purchasing an additional 2,207 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Carlyle Group by 10.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 87,859 shares of the financial services provider’s stock valued at $3,830,000 after acquiring an additional 8,066 shares during the last quarter. MetLife Investment Management LLC grew its holdings in Carlyle Group by 79.6% during the 1st quarter. MetLife Investment Management LLC now owns 213,879 shares of the financial services provider’s stock worth $9,323,000 after acquiring an additional 94,780 shares during the period. Synovus Financial Corp raised its position in shares of Carlyle Group by 3.3% during the 1st quarter. Synovus Financial Corp now owns 16,136 shares of the financial services provider’s stock valued at $703,000 after acquiring an additional 515 shares during the last quarter. Finally, Comerica Bank lifted its stake in shares of Carlyle Group by 24.3% in the 1st quarter. Comerica Bank now owns 248,534 shares of the financial services provider’s stock valued at $10,834,000 after purchasing an additional 48,655 shares during the period. Institutional investors and hedge funds own 55.88% of the company’s stock.

Analyst Upgrades and Downgrades

CG has been the topic of a number of recent analyst reports. Barclays raised their target price on Carlyle Group from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, December 12th. Keefe, Bruyette & Woods reduced their price objective on shares of Carlyle Group from $66.00 to $64.00 and set a “market perform” rating on the stock in a research note on Monday, November 3rd. Wall Street Zen cut shares of Carlyle Group from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Morgan Stanley increased their target price on shares of Carlyle Group from $65.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 21st. Finally, Evercore ISI decreased their price target on shares of Carlyle Group from $64.00 to $57.00 and set an “in-line” rating for the company in a report on Monday, November 3rd. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $66.14.

Carlyle Group Trading Up 0.2%

Carlyle Group stock opened at $61.06 on Thursday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.49 and a current ratio of 2.49. The stock has a 50-day simple moving average of $55.70 and a 200 day simple moving average of $58.28. The stock has a market capitalization of $22.00 billion, a P/E ratio of 34.11, a PEG ratio of 1.32 and a beta of 2.06. 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 data on Friday, November 7th. The financial services provider reported $0.98 earnings per share 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 company had revenue of $782.50 million for the quarter, compared to analyst estimates of $848.51 million. During the same period in the prior year, the firm earned $0.95 earnings per share. Analysts expect that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Announces Dividend

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

Insider Activity

In other Carlyle Group news, Director David M. Rubenstein sold 625,000 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $1,583,379,868.20. This trade represents a 2.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 26.30% of the company’s stock.

Carlyle Group 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.