The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Achmea Investment Management B.V.

Achmea Investment Management B.V. lowered its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 66.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,130 shares of the financial services provider’s stock after selling 24,474 shares during the period. Achmea Investment Management B.V.’s holdings in The Carlyle Group were worth $487,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Tobam purchased a new stake in shares of The Carlyle Group in the 2nd quarter worth about $27,000. SYSTM Wealth Solutions LLC purchased a new stake in shares of The Carlyle Group in the first quarter valued at about $34,000. Blue Trust Inc. grew its position in shares of The Carlyle Group by 506.3% in the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 643 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of The Carlyle Group by 41.2% during the 1st quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 247 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in The Carlyle Group by 22.8% in the 1st quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock valued at $54,000 after buying an additional 215 shares in the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CG. JPMorgan Chase & Co. downgraded The Carlyle Group from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $46.00 to $44.00 in a research report on Tuesday, August 6th. UBS Group lowered their price target on shares of The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Redburn Atlantic assumed coverage on shares of The Carlyle Group in a research report on Tuesday, August 27th. They set a “buy” rating and a $55.00 target price on the stock. Barclays lowered their price target on The Carlyle Group from $51.00 to $46.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Finally, TD Cowen raised their target price on shares of The Carlyle Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $45.81.

The Carlyle Group Price Performance

Shares of NASDAQ CG opened at $40.05 on Friday. The business has a 50 day simple moving average of $41.86 and a 200-day simple moving average of $43.09. The Carlyle Group Inc. has a twelve month low of $27.13 and a twelve month high of $50.92. The company has a market capitalization of $14.27 billion, a price-to-earnings ratio of -22.37, a price-to-earnings-growth ratio of 1.13 and a beta of 1.73. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.75.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.05). The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $808.73 million. The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The company’s revenue for the quarter was up 131.5% on a year-over-year basis. During the same period last year, the business posted $0.88 EPS. As a group, equities research analysts expect that The Carlyle Group Inc. will post 3.76 earnings per share for the current year.

The Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Friday, August 16th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.50%. The Carlyle Group’s dividend payout ratio (DPR) is presently -78.21%.

Insider Buying and Selling at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 169,467 shares of The Carlyle Group stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $42.10, for a total transaction of $7,134,560.70. Following the sale, the insider now owns 8,724,346 shares of the company’s stock, valued at $367,294,966.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold 2,069,315 shares of company stock valued at $75,483,527 in the last ninety days. 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.