JPMorgan Chase & Co. Purchases 777,304 Shares of The Carlyle Group Inc. (NASDAQ:CG)

JPMorgan Chase & Co. grew its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 68.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,919,439 shares of the financial services provider’s stock after purchasing an additional 777,304 shares during the period. JPMorgan Chase & Co. owned approximately 0.54% of The Carlyle Group worth $82,651,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CG. Ariel Investments LLC raised its stake in shares of The Carlyle Group by 1.1% in the second quarter. Ariel Investments LLC now owns 4,937,725 shares of the financial services provider’s stock worth $198,250,000 after purchasing an additional 54,805 shares during the last quarter. FMR LLC grew its position in The Carlyle Group by 72.8% during the 3rd quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock worth $174,469,000 after purchasing an additional 1,707,520 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of The Carlyle Group by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,266,595 shares of the financial services provider’s stock valued at $90,999,000 after buying an additional 137,541 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of The Carlyle Group by 22.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,107,301 shares of the financial services provider’s stock worth $90,740,000 after buying an additional 391,553 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in The Carlyle Group by 2.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,206 shares of the financial services provider’s stock worth $60,508,000 after purchasing an additional 36,549 shares in the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CG has been the subject of a number of research analyst reports. JMP Securities reissued a “market outperform” rating and set a $60.00 target price on shares of The Carlyle Group in a report on Wednesday, October 9th. Barclays raised their target price on shares of The Carlyle Group from $57.00 to $59.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. UBS Group increased their price target on The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. StockNews.com cut The Carlyle Group from a “hold” rating to a “sell” rating in a report on Sunday, December 8th. Finally, TD Cowen lifted their price target on The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $54.00.

The Carlyle Group Stock Performance

NASDAQ CG opened at $50.73 on Friday. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $18.15 billion, a PE ratio of 174.93, a price-to-earnings-growth ratio of 1.45 and a beta of 1.69. The business’s 50-day moving average price is $51.70 and its 200 day moving average price is $45.93. The Carlyle Group Inc. has a twelve month low of $36.65 and a twelve month high of $55.11.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The firm had revenue of $895.00 million during the quarter, compared to the consensus estimate of $908.17 million. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The Carlyle Group’s revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.87 earnings per share. On average, research analysts predict that The Carlyle Group Inc. will post 3.77 earnings per share for the current year.

The Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a yield of 2.76%. The Carlyle Group’s dividend payout ratio (DPR) is 482.76%.

Insiders Place Their Bets

In other news, Director Daniel A. D’aniello sold 495,542 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total value of $25,535,279.26. Following the completion of the transaction, the director now directly owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. This represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Carlyle Group Inc. sold 275,000 shares of The Carlyle Group stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $2.20, for a total transaction of $605,000.00. Following the sale, the insider now directly owns 2,405,461 shares in the company, valued at $5,292,014.20. This trade represents a 10.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,171,556 shares of company stock worth $29,222,475 over the last quarter. 27.20% of the stock is owned by corporate insiders.

The Carlyle Group Company 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.