Janus Henderson Group PLC Boosts Stake in The Carlyle Group Inc. (NASDAQ:CG)

Janus Henderson Group PLC raised its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 116.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,994 shares of the financial services provider’s stock after acquiring an additional 10,200 shares during the period. Janus Henderson Group PLC’s holdings in The Carlyle Group were worth $818,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CG. SMH Capital Advisors Inc. purchased a new position in shares of The Carlyle Group in the 2nd quarter worth about $636,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of The Carlyle Group by 25.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 91,137 shares of the financial services provider’s stock worth $3,659,000 after acquiring an additional 18,614 shares in the last quarter. Edgestream Partners L.P. boosted its stake in shares of The Carlyle Group by 297.1% in the 2nd quarter. Edgestream Partners L.P. now owns 159,596 shares of the financial services provider’s stock valued at $6,408,000 after purchasing an additional 119,402 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of The Carlyle Group by 74.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 44,984 shares of the financial services provider’s stock valued at $1,806,000 after purchasing an additional 19,160 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in The Carlyle Group by 15.6% in the second quarter. Canada Pension Plan Investment Board now owns 577,800 shares of the financial services provider’s stock worth $23,199,000 after purchasing an additional 77,800 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Trading Down 0.8 %

Shares of NASDAQ CG opened at $52.64 on Friday. The stock has a market cap of $18.83 billion, a P/E ratio of 181.52, a price-to-earnings-growth ratio of 1.45 and a beta of 1.69. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32. The Carlyle Group Inc. has a 1 year low of $36.65 and a 1 year high of $55.11. The firm has a 50-day moving average of $51.21 and a 200 day moving average of $45.05.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The company had revenue of $895.00 million during the quarter, compared to analyst estimates of $908.17 million. During the same quarter last year, the company earned $0.87 EPS. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, sell-side analysts expect that The Carlyle Group Inc. will post 3.77 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders 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 2.66%. The Carlyle Group’s dividend payout ratio is 482.76%.

Analyst Ratings Changes

Several research analysts have recently commented on CG shares. Keefe, Bruyette & Woods lifted their price objective on The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, November 8th. Evercore ISI increased their price objective on The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a research note on Monday, October 14th. Wells Fargo & Company lifted their target price on shares of The Carlyle Group from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Thursday. StockNews.com cut shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Sunday, December 8th. Finally, UBS Group upped their price objective on shares of The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $54.00.

Insiders Place Their Bets

In other news, Director Daniel A. D’aniello sold 495,542 shares of The Carlyle Group stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total value of $25,535,279.26. Following the completion of the sale, the director now directly owns 32,504,102 shares in the company, valued at $1,674,936,376.06. The trade was a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Carlyle Group Inc. sold 275,000 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $2.20, for a total transaction of $605,000.00. Following the transaction, the insider now owns 2,405,461 shares in the company, valued at approximately $5,292,014.20. This trade represents a 10.26 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,171,556 shares of company stock valued at $29,222,475. Corporate insiders own 27.20% of the company’s stock.

The Carlyle Group Profile

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.