Impax Asset Management Group plc Invests $1.05 Million in Carlyle Group Inc. $CG

Impax Asset Management Group plc acquired a new stake in Carlyle Group Inc. (NASDAQ:CG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,691 shares of the financial services provider’s stock, valued at approximately $1,047,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CG. Vanguard Group Inc. increased its stake in shares of Carlyle Group by 1.8% in the second quarter. Vanguard Group Inc. now owns 24,719,581 shares of the financial services provider’s stock valued at $1,270,586,000 after buying an additional 426,644 shares during the period. State Street Corp increased its position in Carlyle Group by 4.8% during the 2nd quarter. State Street Corp now owns 8,221,652 shares of the financial services provider’s stock valued at $422,593,000 after purchasing an additional 378,455 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Carlyle Group by 6.7% in the 3rd 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. Alkeon Capital Management LLC boosted its stake in shares of Carlyle Group by 13.4% in the 2nd quarter. Alkeon Capital Management LLC now owns 5,941,316 shares of the financial services provider’s stock valued at $305,384,000 after purchasing an additional 700,000 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Carlyle Group by 5.6% during the second quarter. Geode Capital Management LLC now owns 4,284,894 shares of the financial services provider’s stock worth $219,583,000 after buying an additional 228,484 shares during the period. 55.88% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Carlyle Group

In related news, Director David M. Rubenstein sold 625,000 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $56.55, for a total value of $35,343,750.00. Following the transaction, the director owned 27,999,644 shares of the company’s stock, valued at approximately $1,583,379,868.20. This trade represents a 2.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 26.30% of the stock is owned by corporate insiders.

Carlyle Group Trading Up 1.7%

Shares of Carlyle Group stock opened at $54.45 on Friday. The stock has a market capitalization of $19.62 billion, a PE ratio of 24.98, a price-to-earnings-growth ratio of 1.04 and a beta of 2.05. Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $69.85. The stock has a 50 day moving average price of $60.57 and a two-hundred day moving average price of $60.18. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.49 and a current ratio of 2.49.

Carlyle Group (NASDAQ:CG) last issued its earnings results on Friday, February 6th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.03). The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.09 billion. Carlyle Group had a return on equity of 23.98% and a net margin of 16.92%.Carlyle Group’s revenue for the quarter was up 84.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.92 earnings per share. As a group, equities analysts anticipate that Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Monday, February 16th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.40 annualized dividend and a dividend yield of 2.6%. Carlyle Group’s payout ratio is presently 78.21%.

Analysts Set New Price Targets

CG has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Carlyle Group from a “hold” rating to a “sell” rating in a research report on Sunday, January 11th. JPMorgan Chase & Co. boosted their price objective on Carlyle Group from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday. 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. Morgan Stanley set a $71.00 price target on Carlyle Group in a report on Tuesday, January 27th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Carlyle Group from $66.00 to $64.00 and set a “market perform” rating for the company in a research note on Monday, November 3rd. Seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $68.08.

Carlyle Group Company Profile

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.