Deprince Race & Zollo Inc. Sells 171,974 Shares of Carlyle Group Inc. $CG

Deprince Race & Zollo Inc. cut its holdings in Carlyle Group Inc. (NASDAQ:CG) by 34.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 333,564 shares of the financial services provider’s stock after selling 171,974 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in Carlyle Group were worth $20,914,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CG. Allworth Financial LP lifted its stake in shares of Carlyle Group by 150.3% in the 2nd quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 299 shares during the last quarter. WFA of San Diego LLC acquired a new stake in shares of Carlyle Group in the second quarter worth about $26,000. Geneos Wealth Management Inc. boosted its stake in shares of Carlyle Group by 755.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 574 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Carlyle Group during the 2nd quarter valued at about $38,000. Finally, LRI Investments LLC bought a new position in shares of Carlyle Group in the 2nd quarter valued at approximately $46,000. Institutional investors own 55.88% of the company’s stock.

Insiders Place Their Bets

In other Carlyle Group news, Director David M. Rubenstein sold 625,000 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were 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 $1,583,379,868.20. The trade was a 2.18% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 26.30% of the stock is owned by corporate insiders.

Carlyle Group Stock Up 0.2%

Shares of CG opened at $61.09 on Friday. 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 company has a 50-day simple moving average of $55.86 and a 200-day simple moving average of $58.49. Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $69.85. The firm has a market capitalization of $22.02 billion, a P/E ratio of 34.13, a P/E/G ratio of 1.32 and a beta of 2.06.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results 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. The firm had revenue of $782.50 million for the quarter, compared to analyst estimates of $848.51 million. Carlyle Group had a return on equity of 23.46% and a net margin of 16.91%.During the same period in the previous year, the company posted $0.95 earnings per share. On average, equities research 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. Investors of record on Monday, November 10th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Monday, November 10th. Carlyle Group’s dividend payout ratio (DPR) is 78.21%.

Wall Street Analyst Weigh In

Several equities analysts have commented on CG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlyle Group in a report on Wednesday, October 8th. Barclays raised their target price 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. UBS Group began coverage on shares of Carlyle Group in a report on Thursday, December 11th. They set a “buy” rating and a $74.00 price target for the company. Citigroup dropped their price objective on Carlyle Group from $74.00 to $71.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Finally, Morgan Stanley increased their target price on Carlyle Group from $65.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 21st. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $66.14.

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.