Handelsbanken Fonder AB Increases Stock Holdings in Carlyle Group Inc. $CG

Handelsbanken Fonder AB raised its stake in Carlyle Group Inc. (NASDAQ:CG) by 30.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,700 shares of the financial services provider’s stock after buying an additional 15,400 shares during the quarter. Handelsbanken Fonder AB’s holdings in Carlyle Group were worth $3,943,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. WFA of San Diego LLC acquired a new position in Carlyle Group in the second quarter valued at about $26,000. Geneos Wealth Management Inc. lifted its position in Carlyle Group by 755.3% in the first 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. acquired a new position in Carlyle Group in the fourth quarter valued at about $30,000. Quarry LP acquired a new position in Carlyle Group in the third quarter valued at about $33,000. Finally, Brown Brothers Harriman & Co. acquired a new position in Carlyle Group in the third quarter valued at about $41,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. 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. TD Cowen decreased their target price on shares of Carlyle Group from $53.00 to $50.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Royal Bank Of Canada cut shares of Carlyle Group from an “outperform” rating to a “sector perform” rating and set a $58.00 price target on the stock. in a research report on Monday, May 11th. The Goldman Sachs Group reduced their price target on shares of Carlyle Group from $81.00 to $69.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Finally, BMO Capital Markets reduced their price target 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. Seven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $62.00.

Carlyle Group Stock Up 0.7%

Shares of CG opened at $45.43 on Friday. The stock has a market capitalization of $16.35 billion, a PE ratio of 31.12, a P/E/G ratio of 1.55 and a beta of 1.89. Carlyle Group Inc. has a 1 year low of $43.19 and a 1 year high of $69.85. The company has a debt-to-equity ratio of 1.92, a quick ratio of 2.55 and a current ratio of 2.55. The company’s 50-day simple moving average is $48.29 and its 200-day simple moving average is $53.84.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.02). The business had revenue of $750.90 million for the quarter, compared to analyst estimates of $1.01 billion. Carlyle Group had a return on equity of 20.95% and a net margin of 13.46%.The firm’s revenue for the quarter was down 28.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.14 EPS. Analysts forecast that Carlyle Group Inc. will post 4.05 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Monday, May 18th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.40 annualized dividend and a yield of 3.1%. Carlyle Group’s dividend payout ratio (DPR) is 95.89%.

Insiders Place Their Bets

In related news, Director David M. Rubenstein sold 500,000 shares of the firm’s 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 sale, the director 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 26.30% of the stock is currently owned by company 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.