Canada Pension Plan Investment Board Raises Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Canada Pension Plan Investment Board increased its position in The Carlyle Group Inc. (NASDAQ:CG) by 15.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 577,800 shares of the financial services provider’s stock after buying an additional 77,800 shares during the quarter. Canada Pension Plan Investment Board owned 0.16% of The Carlyle Group worth $23,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in CG. Vanguard Personalized Indexing Management LLC grew its stake in The Carlyle Group by 37.6% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 10,897 shares of the financial services provider’s stock worth $443,000 after purchasing an additional 2,980 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in The Carlyle Group in the 4th quarter valued at approximately $370,000. PNC Financial Services Group Inc. increased its holdings in The Carlyle Group by 12.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 29,192 shares of the financial services provider’s stock worth $1,188,000 after buying an additional 3,145 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in The Carlyle Group by 203.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,857 shares of the financial services provider’s stock worth $116,000 after purchasing an additional 1,914 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of The Carlyle Group by 3.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 33,356 shares of the financial services provider’s stock worth $1,357,000 after acquiring an additional 1,141 shares during the period. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Analyst Ratings Changes

CG has been the topic of a number of recent analyst reports. Barclays decreased their target price on shares of The Carlyle Group from $51.00 to $46.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. JPMorgan Chase & Co. lowered The Carlyle Group from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $46.00 to $44.00 in a research note on Tuesday, August 6th. UBS Group cut their price target on shares of The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Keefe, Bruyette & Woods dropped their target price on shares of The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 6th. Finally, TD Cowen increased their price target on 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 equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $45.81.

The Carlyle Group Trading Down 1.9 %

Shares of The Carlyle Group stock opened at $43.68 on Monday. The company has a fifty day simple moving average of $41.97 and a 200-day simple moving average of $42.96. The stock has a market cap of $15.72 billion, a price-to-earnings ratio of -24.40, a PEG ratio of 1.13 and a beta of 1.73. The Carlyle Group Inc. has a 12-month low of $27.13 and a 12-month high of $50.92. 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 issued its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.05). The company had revenue of $1.07 billion for the quarter, compared to analyst estimates 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 Carlyle Group’s revenue for the quarter was up 131.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.88 earnings per share. On average, equities analysts forecast that The Carlyle Group Inc. will post 3.76 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Friday, August 16th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.40 annualized dividend and a yield of 3.21%. The Carlyle Group’s dividend payout ratio (DPR) is currently -78.21%.

Insider Buying and Selling

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 49,937 shares of The Carlyle Group stock in a transaction on Friday, June 28th. The shares were sold at an average price of $33.05, for a total value of $1,650,417.85. Following the transaction, the insider now owns 11,520,751 shares in the company, valued at approximately $380,760,820.55. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 1,828,753 shares of company stock worth $67,021,255 in the last ninety days. Insiders own 27.20% of the company’s stock.

The Carlyle Group Profile

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.