Deroy & Devereaux Private Investment Counsel Inc. Trims Stake in Carlyle Group Inc. $CG

Deroy & Devereaux Private Investment Counsel Inc. trimmed its position in Carlyle Group Inc. (NASDAQ:CG) by 25.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 60,635 shares of the financial services provider’s stock after selling 20,550 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Carlyle Group were worth $3,802,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Carlyle Group by 2.6% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 51,586 shares of the financial services provider’s stock worth $3,234,000 after acquiring an additional 1,321 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of Carlyle Group by 6.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 16,434 shares of the financial services provider’s stock worth $1,030,000 after purchasing an additional 954 shares during the period. Nordea Investment Management AB increased its holdings in Carlyle Group by 9.9% during the third quarter. Nordea Investment Management AB now owns 21,746 shares of the financial services provider’s stock valued at $1,356,000 after buying an additional 1,966 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in Carlyle Group by 2.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 534,583 shares of the financial services provider’s stock worth $33,518,000 after buying an additional 11,202 shares in the last quarter. Finally, MGO One Seven LLC lifted its holdings in Carlyle Group by 26.2% during the third quarter. MGO One Seven LLC now owns 5,961 shares of the financial services provider’s stock worth $374,000 after buying an additional 1,236 shares during the period. 55.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director David M. Rubenstein sold 625,000 shares of the company’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 directly owned 27,999,644 shares of the company’s stock, valued at $1,583,379,868.20. This represents a 2.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 26.30% of the company’s stock.

Carlyle Group Price Performance

NASDAQ CG opened at $66.12 on Friday. The company has a market cap of $23.83 billion, a price-to-earnings ratio of 36.94, a PEG ratio of 1.21 and a beta of 2.04. 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’s fifty day moving average price is $57.95 and its 200 day moving average price is $59.91. Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $69.85.

Carlyle Group (NASDAQ:CG) last posted its quarterly 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. Carlyle Group had a return on equity of 23.46% and a net margin of 16.91%.The business had revenue of $782.50 million for the quarter, compared to the consensus estimate of $848.51 million. During the same quarter in the previous year, the business earned $0.95 EPS. As a group, equities research analysts forecast that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th were given 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 2.1%. Carlyle Group’s dividend payout ratio (DPR) is currently 78.21%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CG shares. Cowen reissued a “buy” rating on shares of Carlyle Group in a research report on Wednesday. Citigroup lowered 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 note on Monday, November 3rd. TD Cowen cut their price target on shares of Carlyle Group from $77.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday. Wall Street Zen lowered Carlyle Group from a “hold” rating to a “sell” rating in a report on Sunday, January 11th. Finally, Keefe, Bruyette & Woods dropped their target price on 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. 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 company currently has an average rating of “Hold” and an average price target of $67.08.

Carlyle Group Company 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.