Geode Capital Management LLC Grows Holdings in Carlyle Group Inc. $CG

Geode Capital Management LLC boosted its holdings in Carlyle Group Inc. (NASDAQ:CG) by 1.6% in the 4th quarter, Holdings Channel reports. The firm owned 4,999,880 shares of the financial services provider’s stock after purchasing an additional 79,134 shares during the period. Geode Capital Management LLC’s holdings in Carlyle Group were worth $294,817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of CG. State Street Corp raised its position in Carlyle Group by 20.9% during the 3rd quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock worth $623,372,000 after buying an additional 1,720,483 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in Carlyle Group during the 3rd quarter worth $75,612,000. Vanguard Group Inc. raised its position in Carlyle Group by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 26,368,246 shares of the financial services provider’s stock worth $1,558,627,000 after buying an additional 934,237 shares during the last quarter. Algebris UK Ltd. purchased a new position in Carlyle Group during the 4th quarter worth $50,459,000. Finally, Moore Capital Management LP purchased a new position in Carlyle Group during the 3rd quarter worth $42,014,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CG. TD Cowen cut their price objective on shares of Carlyle Group from $53.00 to $50.00 and set a “hold” rating for the company in a research report on Monday, May 18th. JPMorgan Chase & Co. cut their price objective on shares of Carlyle Group from $66.00 to $63.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Cfra downgraded shares of Carlyle Group to a “sell” rating and set a $45.00 price objective for the company. in a research report on Friday, May 8th. Evercore set a $56.00 price target on shares of Carlyle Group in a report on Tuesday, April 21st. Finally, UBS Group cut their price target on shares of Carlyle Group from $81.00 to $65.00 and set a “buy” rating for the company in a report on Friday, February 20th. Seven investment 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. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $62.00.

Insider Buying and Selling

In related news, Director David M. Rubenstein sold 500,000 shares of the stock in a transaction dated 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 sale, the director directly owned 27,399,644 shares of the company’s stock, valued at approximately $1,279,015,381.92. This represents a 1.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 25.40% of the company’s stock.

Carlyle Group Price Performance

Shares of NASDAQ CG opened at $45.10 on Tuesday. The stock has a market cap of $16.23 billion, a price-to-earnings ratio of 30.89, a PEG ratio of 1.55 and a beta of 1.84. Carlyle Group Inc. has a 52 week low of $43.98 and a 52 week high of $69.85. The company’s 50-day moving average price is $48.12 and its 200 day moving average price is $53.56. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.92.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 13.46% and a return on equity of 20.95%. Carlyle Group’s revenue was down 28.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 earnings per share. As a group, research analysts forecast that Carlyle Group Inc. will post 4.05 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

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

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.