The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Diversified Trust Co

Diversified Trust Co cut its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 31.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 40,564 shares of the financial services provider’s stock after selling 19,014 shares during the period. Diversified Trust Co’s holdings in The Carlyle Group were worth $2,048,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Brooklyn Investment Group acquired a new position in shares of The Carlyle Group in the 3rd quarter valued at $33,000. Tobam boosted its holdings in The Carlyle Group by 32.8% in the third quarter. Tobam now owns 890 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 220 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its position in The Carlyle Group by 1,600.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 1,600 shares during the period. Blue Trust Inc. raised its holdings in shares of The Carlyle Group by 147.9% in the 3rd quarter. Blue Trust Inc. now owns 1,909 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 1,139 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of The Carlyle Group during the 2nd quarter worth about $126,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Wall Street Analyst Weigh In

CG has been the topic of a number of recent research reports. Barclays lifted their price target on shares of The Carlyle Group from $57.00 to $59.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. UBS Group upped their price target on shares of The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Morgan Stanley boosted their price objective on The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. JMP Securities reiterated a “market outperform” rating and set a $60.00 target price on shares of The Carlyle Group in a report on Wednesday, October 9th. Finally, StockNews.com cut The Carlyle Group from a “hold” rating to a “sell” rating in a report on Sunday, December 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $54.38.

The Carlyle Group Trading Down 2.2 %

Shares of NASDAQ CG opened at $51.55 on Wednesday. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38. The stock’s 50 day moving average price is $51.77 and its two-hundred day moving average price is $46.28. The Carlyle Group Inc. has a 52-week low of $36.65 and a 52-week high of $55.11. The stock has a market capitalization of $18.44 billion, a P/E ratio of 177.76, a PEG ratio of 1.45 and a beta of 1.69.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.08. The firm had revenue of $895.00 million for the quarter, compared to analysts’ expectations of $908.17 million. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period last year, the business posted $0.87 earnings per share. On average, analysts anticipate that The Carlyle Group Inc. will post 3.77 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were paid a dividend of $0.35 per share. The ex-dividend date was Monday, November 18th. This represents a $1.40 annualized dividend and a yield of 2.72%. The Carlyle Group’s dividend payout ratio (DPR) is 482.76%.

Insider Buying and Selling at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 275,000 shares of The Carlyle Group stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $2.20, for a total value of $605,000.00. Following the sale, the insider now directly owns 2,405,461 shares in the company, valued at $5,292,014.20. This trade represents a 10.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Daniel A. D’aniello sold 495,542 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the completion of the transaction, the director now owns 32,504,102 shares of the company’s stock, valued at approximately $1,674,936,376.06. This trade represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,113,447 shares of company stock worth $26,908,674 over the last ninety days. Company insiders own 27.20% of the company’s stock.

About The Carlyle Group

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.