Compagnie Lombard Odier SCmA Has $3.89 Million Stake in Carlyle Group Inc. $CG

Compagnie Lombard Odier SCmA cut its stake in Carlyle Group Inc. (NASDAQ:CG) by 42.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,005 shares of the financial services provider’s stock after selling 45,000 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Carlyle Group were worth $3,888,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CG. Norges Bank acquired a new stake in Carlyle Group in the second quarter worth $150,122,000. Alkeon Capital Management LLC lifted its holdings in Carlyle Group by 13.4% during the second quarter. Alkeon Capital Management LLC now owns 5,941,316 shares of the financial services provider’s stock worth $305,384,000 after acquiring an additional 700,000 shares in the last quarter. Azora Capital LP bought a new stake in shares of Carlyle Group in the second quarter worth about $30,791,000. Massachusetts Financial Services Co. MA raised its position in shares of Carlyle Group by 6.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,618,075 shares of the financial services provider’s stock worth $477,653,000 after purchasing an additional 479,216 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Carlyle Group by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 24,719,581 shares of the financial services provider’s stock valued at $1,270,586,000 after purchasing an additional 426,644 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Carlyle Group Stock Up 0.9%

NASDAQ:CG opened at $59.21 on Tuesday. The firm has a market capitalization of $21.34 billion, a price-to-earnings ratio of 33.08, a price-to-earnings-growth ratio of 1.05 and a beta of 2.05. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 1.78. Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $69.85. The stock’s 50 day moving average price is $60.58 and its two-hundred day moving average price is $60.31.

Carlyle Group (NASDAQ:CG) last issued its earnings results on Friday, February 6th. The financial services provider reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.03). Carlyle Group had a return on equity of 23.46% and a net margin of 16.91%.The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Carlyle Group’s quarterly revenue was up 84.1% on a year-over-year basis. Equities research analysts expect that Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Monday, February 16th will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, February 13th. This represents a $1.40 dividend on an annualized basis and a yield of 2.4%. Carlyle Group’s dividend payout ratio (DPR) is presently 78.21%.

Insider Transactions at Carlyle Group

In other Carlyle Group news, Director David M. Rubenstein sold 625,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $56.55, for a total value of $35,343,750.00. Following the sale, the director owned 27,999,644 shares in the company, valued at $1,583,379,868.20. This represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 26.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CG. Wall Street Zen cut shares of Carlyle Group from a “hold” rating to a “sell” rating in a report on Sunday, January 11th. Citigroup lowered their target price on Carlyle Group from $74.00 to $71.00 and set a “buy” rating for the company in a report on Monday, November 3rd. TD Cowen restated a “buy” rating on shares of Carlyle Group in a report on Wednesday, January 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlyle Group in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. reduced their price target on Carlyle Group from $68.00 to $66.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Carlyle Group has an average rating of “Hold” and an average price target of $68.00.

About Carlyle Group

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.