Mitsubishi UFJ Trust & Banking Corp Lowers Stock Holdings in Carlyle Group Inc. $CG

Mitsubishi UFJ Trust & Banking Corp reduced its position in Carlyle Group Inc. (NASDAQ:CG) by 16.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 115,088 shares of the financial services provider’s stock after selling 22,366 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Carlyle Group were worth $7,216,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Carlyle Group by 1.8% during the second quarter. Vanguard Group Inc. now owns 24,719,581 shares of the financial services provider’s stock worth $1,270,586,000 after buying an additional 426,644 shares during the period. State Street Corp increased its position in shares of Carlyle Group by 4.8% in the second quarter. State Street Corp now owns 8,221,652 shares of the financial services provider’s stock valued at $422,593,000 after buying an additional 378,455 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Carlyle Group by 6.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,618,075 shares of the financial services provider’s stock worth $477,653,000 after acquiring an additional 479,216 shares during the last quarter. Alkeon Capital Management LLC lifted its stake in Carlyle Group by 13.4% in the 2nd quarter. Alkeon Capital Management LLC now owns 5,941,316 shares of the financial services provider’s stock valued at $305,384,000 after buying an additional 700,000 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Carlyle Group by 5.6% during the second quarter. Geode Capital Management LLC now owns 4,284,894 shares of the financial services provider’s stock valued at $219,583,000 after acquiring an additional 228,484 shares during the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Carlyle Group Stock Up 0.4%

CG stock opened at $60.54 on Thursday. The firm’s 50-day moving average is $59.66 and its two-hundred day moving average is $60.37. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 1.78. The company has a market capitalization of $21.82 billion, a price-to-earnings ratio of 33.82, a price-to-earnings-growth ratio of 1.07 and a beta of 2.04. Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $69.85.

Carlyle Group (NASDAQ:CG) last issued its earnings results on Friday, November 7th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.98. Carlyle Group had a return on equity of 23.46% and a net margin of 16.91%.The business had revenue of $782.50 million for the quarter, compared to analysts’ expectations of $848.51 million. During the same period in the previous year, the firm posted $0.95 EPS. On average, analysts forecast that Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director David M. Rubenstein sold 625,000 shares of Carlyle Group stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $56.55, for a total transaction of $35,343,750.00. Following the sale, the director directly owned 27,999,644 shares of the company’s stock, valued at $1,583,379,868.20. This trade represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 26.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CG has been the topic of several analyst reports. Barclays raised their price objective on Carlyle Group from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, December 12th. BMO Capital Markets started coverage on shares of Carlyle Group in a report on Friday, October 3rd. They issued an “outperform” rating and a $74.00 price target on the stock. JPMorgan Chase & Co. dropped their price objective on Carlyle Group from $68.00 to $66.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. Keefe, Bruyette & Woods dropped their target price on shares of Carlyle Group from $66.00 to $64.00 and set a “market perform” rating for the company in a research report on Monday, November 3rd. Finally, Evercore ISI lifted their target price on shares of Carlyle Group from $57.00 to $62.00 and gave the company an “in-line” rating in a report on Thursday, January 22nd. Seven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Carlyle Group presently has a consensus rating of “Hold” and an average target price of $67.77.

Carlyle Group Company Profile

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.