Carlyle Group Inc. $CG Holdings Boosted by CenterBook Partners LP

CenterBook Partners LP boosted its holdings in Carlyle Group Inc. (NASDAQ:CG) by 93.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,199 shares of the financial services provider’s stock after acquiring an additional 16,989 shares during the period. CenterBook Partners LP’s holdings in Carlyle Group were worth $2,081,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Carlyle Group by 3.7% during the fourth quarter. Vanguard Group Inc. now owns 26,368,246 shares of the financial services provider’s stock valued at $1,558,627,000 after buying an additional 934,237 shares during the last quarter. State Street Corp raised its holdings in shares of Carlyle Group by 20.9% during the third quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock valued at $623,372,000 after buying an additional 1,720,483 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Carlyle Group by 1.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,735,298 shares of the financial services provider’s stock valued at $457,233,000 after buying an additional 117,223 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Carlyle Group by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 4,999,880 shares of the financial services provider’s stock valued at $294,817,000 after buying an additional 79,134 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Carlyle Group during the fourth quarter valued at approximately $288,257,000. Institutional investors own 55.88% of the company’s stock.

Insider Transactions at Carlyle Group

In other Carlyle Group news, Director David M. Rubenstein sold 500,000 shares of Carlyle Group stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $46.68, for a total value of $23,340,000.00. Following the transaction, the director owned 27,399,644 shares in the company, valued at approximately $1,279,015,381.92. The trade was a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 25.40% of the company’s stock.

Carlyle Group Trading Up 3.6%

Carlyle Group stock opened at $45.14 on Wednesday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 2.55 and a current ratio of 2.55. The firm has a market cap of $16.25 billion, a price-to-earnings ratio of 30.92, a price-to-earnings-growth ratio of 1.49 and a beta of 1.84. Carlyle Group Inc. has a 1 year low of $41.54 and a 1 year high of $69.85. The firm’s 50 day moving average price is $47.74 and its two-hundred day moving average price is $53.18.

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

Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Monday, May 18th were given a $0.35 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.40 annualized dividend and a yield of 3.1%. Carlyle Group’s payout ratio is 95.89%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets cut their price target on Carlyle Group from $65.00 to $58.00 and set an “outperform” rating on the stock in a report on Tuesday, March 24th. Royal Bank Of Canada cut Carlyle Group from an “outperform” rating to a “sector perform” rating and set a $58.00 price target on the stock. in a report on Monday, May 11th. Morgan Stanley cut their price target on Carlyle Group from $71.00 to $66.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. TD Cowen dropped their target price on Carlyle Group from $53.00 to $50.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Finally, JPMorgan Chase & Co. dropped their target price on Carlyle Group from $66.00 to $63.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. Seven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.