Carlyle Group Inc. $CG Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its position in Carlyle Group Inc. (NASDAQ:CG) by 9.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 151,087 shares of the financial services provider’s stock after buying an additional 12,504 shares during the period. Thrivent Financial for Lutherans’ holdings in Carlyle Group were worth $8,931,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. WFA of San Diego LLC purchased a new position in Carlyle Group in the 2nd quarter valued at $26,000. Geneos Wealth Management Inc. grew its position in Carlyle Group by 755.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after buying an additional 574 shares during the last quarter. Bernard Wealth Management Corp. purchased a new position in Carlyle Group in the 4th quarter valued at $30,000. Quarry LP purchased a new position in Carlyle Group in the 3rd quarter valued at $33,000. Finally, Brown Brothers Harriman & Co. purchased a new position in Carlyle Group in the 3rd quarter valued at $41,000. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Morgan Stanley lowered their price objective on shares of Carlyle Group from $71.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. JPMorgan Chase & Co. decreased their target price on shares of Carlyle Group from $66.00 to $63.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Barclays decreased their target price on shares of Carlyle Group from $67.00 to $63.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Evercore set a $56.00 target price on shares of Carlyle Group in a research report on Tuesday, April 21st. Finally, Royal Bank Of Canada lowered shares of Carlyle Group from an “outperform” rating to a “sector perform” rating and set a $58.00 target price on the stock. in a research report on Monday, May 11th. Seven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Carlyle Group presently has an average rating of “Hold” and an average target price of $62.00.

Carlyle Group Price Performance

Carlyle Group stock opened at $45.52 on Wednesday. Carlyle Group Inc. has a 52 week low of $43.19 and a 52 week high of $69.85. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.92. The firm’s 50-day simple moving average is $48.46 and its 200 day simple moving average is $54.04. The firm has a market capitalization of $16.39 billion, a PE ratio of 31.18, a P/E/G ratio of 1.59 and a beta of 1.89.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.89 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.02). Carlyle Group had a return on equity of 20.95% and a net margin of 13.46%.The business had revenue of $750.90 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the firm earned $1.14 earnings per share. Carlyle Group’s quarterly revenue was down 28.0% on a year-over-year basis. On average, equities research analysts predict that Carlyle Group Inc. will post 4.04 EPS for the current fiscal year.

Carlyle Group Announces Dividend

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

Insider Activity at Carlyle Group

In related news, Director David M. Rubenstein sold 500,000 shares of the business’s 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 in the company, valued at $1,279,015,381.92. The trade was a 1.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 26.30% of the stock is owned by corporate insiders.

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.