Teachers Retirement System of The State of Kentucky Purchases New Shares in The Carlyle Group Inc. (NASDAQ:CG)

Teachers Retirement System of The State of Kentucky bought a new stake in The Carlyle Group Inc. (NASDAQ:CG) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 76,000 shares of the financial services provider’s stock, valued at approximately $3,092,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pathstone Family Office LLC bought a new position in shares of The Carlyle Group in the 3rd quarter worth $210,000. HighTower Advisors LLC boosted its position in shares of The Carlyle Group by 13.8% in the 3rd quarter. HighTower Advisors LLC now owns 37,377 shares of the financial services provider’s stock worth $1,121,000 after purchasing an additional 4,534 shares during the last quarter. Rhumbline Advisers boosted its position in shares of The Carlyle Group by 1.2% in the 3rd quarter. Rhumbline Advisers now owns 239,705 shares of the financial services provider’s stock worth $7,229,000 after purchasing an additional 2,764 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of The Carlyle Group in the 3rd quarter worth $221,000. Finally, Korea Investment CORP lifted its holdings in The Carlyle Group by 22.6% during the third quarter. Korea Investment CORP now owns 46,755 shares of the financial services provider’s stock worth $1,410,000 after acquiring an additional 8,606 shares in the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CG has been the topic of several recent analyst reports. The Goldman Sachs Group reduced their target price on The Carlyle Group from $54.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Jefferies Financial Group reduced their target price on The Carlyle Group from $49.00 to $44.00 and set a “hold” rating on the stock in a report on Thursday, May 9th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $48.00 price target (down from $50.00) on shares of The Carlyle Group in a report on Thursday, May 2nd. TD Cowen cut their price target on The Carlyle Group from $49.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday, May 2nd. Finally, Barclays cut their price target on The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $45.60.

The Carlyle Group Trading Up 0.7 %

Shares of NASDAQ:CG opened at $39.56 on Thursday. The Carlyle Group Inc. has a 12-month low of $27.13 and a 12-month high of $48.52. The stock has a market cap of $14.24 billion, a PE ratio of -22.10, a P/E/G ratio of 1.11 and a beta of 1.77. The business has a 50 day moving average of $42.94 and a 200-day moving average of $42.79. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 1.53.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.09. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $986.10 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The business’s revenue was up 35.6% on a year-over-year basis. As a group, equities research analysts forecast that The Carlyle Group Inc. will post 3.9 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.54%. The ex-dividend date was Monday, May 13th. The Carlyle Group’s dividend payout ratio (DPR) is currently -78.21%.

Insider Activity at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 127,981 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $36.19, for a total transaction of $4,631,632.39. Following the completion of the sale, the insider now directly owns 12,123,705 shares in the company, valued at $438,756,883.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 291,886 shares of company stock worth $10,803,048. Company insiders own 27.20% of the company’s stock.

About The Carlyle Group

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.