Bearing Point Capital LLC Buys 16,548 Shares of Carlyle Group Inc. $CG

Bearing Point Capital LLC lifted its stake in Carlyle Group Inc. (NASDAQ:CG) by 153.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 27,323 shares of the financial services provider’s stock after purchasing an additional 16,548 shares during the quarter. Bearing Point Capital LLC’s holdings in Carlyle Group were worth $1,615,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in CG. WFA of San Diego LLC bought a new stake in shares of Carlyle Group in the second quarter valued at approximately $26,000. Geneos Wealth Management Inc. boosted its stake in shares of Carlyle Group by 755.3% in the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after buying an additional 574 shares during the period. Bernard Wealth Management Corp. bought a new stake in shares of Carlyle Group in the fourth quarter valued at approximately $30,000. Quarry LP bought a new stake in shares of Carlyle Group in the third quarter valued at approximately $33,000. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Carlyle Group in the third quarter valued at approximately $41,000. 55.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. The Goldman Sachs Group cut their target price on Carlyle Group from $81.00 to $69.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Barclays cut their target price on Carlyle Group from $67.00 to $63.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. JPMorgan Chase & Co. cut their target price on Carlyle Group from $66.00 to $63.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. Cfra cut Carlyle Group to a “sell” rating and set a $45.00 target price for the company. in a research note on Friday, May 8th. Finally, Evercore set a $56.00 target price on Carlyle Group in a research note on Tuesday, April 21st. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $62.00.

Insiders Place Their Bets

In related news, Director David M. Rubenstein sold 500,000 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $46.68, for a total value of $23,340,000.00. Following the completion of the sale, the director directly owned 27,399,644 shares in the company, valued at $1,279,015,381.92. This represents a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 26.30% of the stock is owned by insiders.

Carlyle Group Stock Up 0.8%

Shares of NASDAQ:CG opened at $45.43 on Friday. The company has a market capitalization of $16.35 billion, a PE ratio of 31.12, a price-to-earnings-growth ratio of 1.55 and a beta of 1.89. Carlyle Group Inc. has a 52-week low of $43.98 and a 52-week high of $69.85. The company has a fifty day moving average of $48.18 and a 200-day moving average of $53.61. The company has a debt-to-equity ratio of 1.92, a quick ratio of 2.55 and a current ratio of 2.55.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). The company had revenue of $750.90 million during the quarter, compared to analyst estimates of $1.01 billion. Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. The business’s revenue for the quarter was down 28.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.14 earnings per share. On average, equities analysts predict that Carlyle Group Inc. will post 4.05 EPS for the current fiscal year.

Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Monday, May 18th. Carlyle Group’s dividend payout ratio is presently 95.89%.

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.