Teacher Retirement System of Texas Lowers Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

Teacher Retirement System of Texas lowered its position in The Carlyle Group Inc. (NASDAQ:CGGet Rating) by 39.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,979 shares of the financial services provider’s stock after selling 84,074 shares during the quarter. Teacher Retirement System of Texas’ holdings in The Carlyle Group were worth $3,333,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. IFM Investors Pty Ltd raised its stake in shares of The Carlyle Group by 50.9% in the 2nd quarter. IFM Investors Pty Ltd now owns 33,565 shares of the financial services provider’s stock valued at $1,063,000 after purchasing an additional 11,325 shares in the last quarter. Visionary Wealth Advisors grew its position in shares of The Carlyle Group by 7.4% during the 2nd quarter. Visionary Wealth Advisors now owns 9,614 shares of the financial services provider’s stock valued at $304,000 after buying an additional 661 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of The Carlyle Group by 65.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 12,884 shares of the financial services provider’s stock valued at $408,000 after buying an additional 5,098 shares during the last quarter. Bank of Nova Scotia grew its position in shares of The Carlyle Group by 345.4% during the 2nd quarter. Bank of Nova Scotia now owns 2,466,850 shares of the financial services provider’s stock valued at $78,100,000 after buying an additional 1,912,977 shares during the last quarter. Finally, Aviva PLC grew its position in shares of The Carlyle Group by 420.5% during the 2nd quarter. Aviva PLC now owns 254,652 shares of the financial services provider’s stock valued at $8,062,000 after buying an additional 205,729 shares during the last quarter. Institutional investors and hedge funds own 52.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CG. Piper Sandler lowered their price objective on shares of The Carlyle Group from $68.00 to $62.00 in a research report on Tuesday, October 11th. Morgan Stanley boosted their price objective on shares of The Carlyle Group from $34.00 to $37.00 and gave the company an “equal weight” rating in a research report on Tuesday. UBS Group lowered their price objective on shares of The Carlyle Group from $40.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, November 15th. Credit Suisse Group set a $36.00 target price on shares of The Carlyle Group in a research report on Wednesday, November 23rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of The Carlyle Group from $53.00 to $45.00 and set an “overweight” rating for the company in a research report on Tuesday, October 18th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $40.27.

The Carlyle Group Trading Down 0.4 %

The Carlyle Group stock opened at $34.44 on Wednesday. The firm has a 50 day simple moving average of $30.68 and a 200-day simple moving average of $30.91. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.60 and a quick ratio of 2.59. The stock has a market capitalization of $12.52 billion, a PE ratio of 7.21 and a beta of 1.68. The Carlyle Group Inc. has a 12-month low of $24.59 and a 12-month high of $54.06.

The Carlyle Group (NASDAQ:CGGet Rating) last posted its quarterly earnings data on Tuesday, November 8th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.38. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.08 billion. The Carlyle Group had a net margin of 30.52% and a return on equity of 36.19%. As a group, equities research analysts expect that The Carlyle Group Inc. will post 4.27 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 25th. Investors of record on Friday, November 18th were paid a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend was Thursday, November 17th. The Carlyle Group’s dividend payout ratio is presently 27.20%.

About The Carlyle Group

(Get Rating)

The Carlyle Group, Inc engages in multi-product global alternative asset management. It operates through the following segments: Corporate Private Equity, Real Assets, Global Credit, and Investment Solutions. The Corporate Private Equity segment focuses on buyout, and growth capital funds, which pursue a variety of corporate investments of different sizes and growth potentials.

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Institutional Ownership by Quarter for The Carlyle Group (NASDAQ:CG)

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