Carlyle Group Inc. $CG Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its stake in shares of Carlyle Group Inc. (NASDAQ:CG) by 5.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 507,540 shares of the financial services provider’s stock after selling 27,043 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Carlyle Group were worth $30,001,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. WFA of San Diego LLC acquired a new position in Carlyle Group during the 2nd quarter worth $26,000. Geneos Wealth Management Inc. lifted its position in shares of Carlyle Group by 755.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after buying an additional 574 shares during the last quarter. Bernard Wealth Management Corp. bought a new position in shares of Carlyle Group in the 4th quarter worth about $30,000. Quarry LP bought a new stake in Carlyle Group in the 3rd quarter valued at about $33,000. Finally, Motco bought a new stake in Carlyle Group in the 3rd quarter valued at about $40,000. 55.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on CG. Evercore lifted their price objective on shares of Carlyle Group from $57.00 to $62.00 and gave the company an “in-line” rating in a research report on Thursday, January 22nd. Morgan Stanley set a $71.00 price objective on shares of Carlyle Group in a research report on Tuesday, January 27th. Royal Bank Of Canada began coverage on shares of Carlyle Group in a research report on Monday, February 23rd. They issued an “outperform” rating and a $67.00 price objective on the stock. BMO Capital Markets cut their price objective on shares of Carlyle Group from $65.00 to $58.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 24th. Finally, Barclays dropped their price target on shares of Carlyle Group from $68.00 to $67.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $66.43.

Carlyle Group Stock Performance

Shares of CG opened at $51.28 on Friday. The firm’s 50 day moving average is $50.13 and its 200-day moving average is $55.58. The stock has a market capitalization of $18.52 billion, a P/E ratio of 23.52, a P/E/G ratio of 1.12 and a beta of 2.05. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.33 and a quick ratio of 2.33. Carlyle Group Inc. has a 12-month low of $34.01 and a 12-month high of $69.85.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.03). The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.09 billion. Carlyle Group had a return on equity of 23.62% and a net margin of 16.92%.The business’s revenue for the quarter was up 84.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 EPS. Equities research analysts anticipate that Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Monday, February 16th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, February 13th. Carlyle Group’s dividend payout ratio (DPR) is 64.22%.

Insider Buying and Selling at Carlyle Group

In other 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 directly owned 27,399,644 shares of the company’s stock, valued at $1,279,015,381.92. This trade represents a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 26.30% of the stock is currently owned by company insiders.

About Carlyle Group

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.