FFG Partners LLC Acquires New Stake in Carlyle Group Inc. $CG

FFG Partners LLC bought a new position in Carlyle Group Inc. (NASDAQ:CG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 27,315 shares of the financial services provider’s stock, valued at approximately $1,713,000. Carlyle Group comprises about 0.5% of FFG Partners LLC’s investment portfolio, making the stock its 24th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP boosted its holdings in shares of Carlyle Group by 150.3% in the second quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock worth $26,000 after buying an additional 299 shares during the last quarter. WFA of San Diego LLC purchased a new position in shares of Carlyle Group during the 2nd quarter worth $26,000. Geneos Wealth Management Inc. grew its position 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 valued at $28,000 after acquiring an additional 574 shares during the period. Ameritas Advisory Services LLC bought a new position in Carlyle Group in the 2nd quarter worth $38,000. Finally, LRI Investments LLC purchased a new position in Carlyle Group during the second quarter valued at $46,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wall Street Zen downgraded Carlyle Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. TD Cowen reduced their target price on shares of Carlyle Group from $78.00 to $77.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlyle Group in a report on Wednesday, October 8th. Barclays raised their price objective on shares of Carlyle Group from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, December 12th. Finally, Evercore ISI dropped their target price 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 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $66.14.

Carlyle Group Trading Up 0.2%

Carlyle Group stock opened at $61.09 on Monday. Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $69.85. The firm’s 50 day moving average price is $55.86 and its 200-day moving average price is $58.56. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.49 and a quick ratio of 2.49. The stock has a market cap of $22.02 billion, a P/E ratio of 34.13, a PEG ratio of 1.32 and a beta of 2.06.

Carlyle Group (NASDAQ:CG) last posted its earnings results on Friday, November 7th. The financial services provider reported $0.98 earnings per share 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 period last year, the company posted $0.95 earnings per share. On average, equities analysts predict that Carlyle Group Inc. will post 4.48 earnings per share 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 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 yield of 2.3%. Carlyle Group’s dividend payout ratio is presently 78.21%.

Insiders Place Their Bets

In other Carlyle Group news, Director David M. Rubenstein sold 625,000 shares of the firm’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 transaction of $35,343,750.00. Following the completion of the transaction, the director owned 27,999,644 shares in the company, valued at $1,583,379,868.20. This trade represents a 2.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 26.30% of the stock is owned by corporate insiders.

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.