Bank of New York Mellon Corp Has $119.67 Million Stock Holdings in Carlyle Group Inc. $CG

Bank of New York Mellon Corp reduced its position in Carlyle Group Inc. (NASDAQ:CG) by 12.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,024,585 shares of the financial services provider’s stock after selling 295,371 shares during the period. Bank of New York Mellon Corp’s holdings in Carlyle Group were worth $119,673,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CG. WFA of San Diego LLC acquired a new stake in shares of Carlyle Group in the second quarter valued at approximately $26,000. Geneos Wealth Management Inc. boosted its position in Carlyle Group by 755.3% during the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 574 shares during the period. Bernard Wealth Management Corp. acquired a new position in shares of Carlyle Group in the fourth quarter valued at $30,000. Quarry LP bought a new position in shares of Carlyle Group in the third quarter valued at about $33,000. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Carlyle Group during the 3rd quarter worth about $41,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Carlyle Group Stock Performance

CG opened at $43.48 on Monday. The firm has a market cap of $15.65 billion, a P/E ratio of 29.78, a price-to-earnings-growth ratio of 1.49 and a beta of 1.84. The business’s fifty day moving average is $47.82 and its 200-day moving average is $53.28. Carlyle Group Inc. has a 52-week low of $41.54 and a 52-week high of $69.85. 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 the consensus estimate of $0.91 by ($0.02). Carlyle Group had a return on equity of 20.95% and a net margin of 13.46%.The firm had revenue of $750.90 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the company earned $1.14 EPS. The company’s revenue for the quarter was down 28.0% compared to the same quarter last year. Sell-side analysts expect that Carlyle Group Inc. will post 4.05 EPS for the current fiscal year.

Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were given a dividend of $0.35 per share. The ex-dividend date was Monday, May 18th. This represents a $1.40 annualized dividend and a dividend yield of 3.2%. Carlyle Group’s dividend payout ratio (DPR) is currently 95.89%.

Insider Transactions at Carlyle Group

In other Carlyle Group news, Director David M. Rubenstein sold 500,000 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $46.68, for a total transaction of $23,340,000.00. Following the completion of the transaction, the director directly owned 27,399,644 shares in the company, valued at $1,279,015,381.92. The trade was a 1.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 25.40% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on CG shares. The Goldman Sachs Group lowered their price target on shares of Carlyle Group from $81.00 to $69.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Cfra downgraded Carlyle Group to a “sell” rating and set a $45.00 target price on the stock. in a research report on Friday, May 8th. Evercore set a $56.00 price target on Carlyle Group in a report on Tuesday, April 21st. TD Cowen reduced their price target on Carlyle Group from $53.00 to $50.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Finally, BMO Capital Markets lowered their price objective on Carlyle Group from $65.00 to $58.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 24th. Seven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Carlyle Group currently has a consensus rating of “Hold” and an average price target of $62.00.

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.