Carlyle Group Inc. $CG Shares Sold by DNB Asset Management AS

DNB Asset Management AS decreased its position in shares of Carlyle Group Inc. (NASDAQ:CG) by 8.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 242,813 shares of the financial services provider’s stock after selling 21,902 shares during the quarter. DNB Asset Management AS’s holdings in Carlyle Group were worth $14,353,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans boosted its holdings in shares of Carlyle Group by 9.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 151,087 shares of the financial services provider’s stock valued at $8,931,000 after acquiring an additional 12,504 shares during the period. Allworth Financial LP boosted its holdings in shares of Carlyle Group by 32.3% during the fourth quarter. Allworth Financial LP now owns 721 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 176 shares during the period. Legacy Financial Advisors Inc. boosted its holdings in shares of Carlyle Group by 12.8% during the fourth quarter. Legacy Financial Advisors Inc. now owns 11,683 shares of the financial services provider’s stock valued at $691,000 after acquiring an additional 1,329 shares during the period. Wesbanco Bank Inc. boosted its holdings in shares of Carlyle Group by 11.0% during the fourth quarter. Wesbanco Bank Inc. now owns 158,018 shares of the financial services provider’s stock valued at $9,340,000 after acquiring an additional 15,618 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Carlyle Group during the fourth quarter valued at $449,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Carlyle Group Price Performance

Shares of NASDAQ CG opened at $48.02 on Monday. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.92. The firm’s 50-day simple moving average is $48.63 and its 200 day simple moving average is $54.20. Carlyle Group Inc. has a fifty-two week low of $43.19 and a fifty-two week high of $69.85. The stock has a market cap of $17.29 billion, a P/E ratio of 32.89, a P/E/G ratio of 1.63 and a beta of 1.89.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.89 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.02). Carlyle Group had a return on equity of 20.95% and a net margin of 13.46%.The business had revenue of $750.90 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the firm posted $1.14 earnings per share. Carlyle Group’s revenue was down 28.0% compared to the same quarter last year. Equities analysts expect that Carlyle Group Inc. will post 4.04 EPS for the current year.

Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Monday, May 18th will be given a $0.35 dividend. The ex-dividend date is Monday, May 18th. This represents a $1.40 annualized dividend and a yield of 2.9%. Carlyle Group’s payout ratio is 95.89%.

Insider Buying and Selling

In other Carlyle Group news, Director David M. Rubenstein sold 500,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $46.68, for a total value of $23,340,000.00. Following the sale, the director directly owned 27,399,644 shares in the company, valued at approximately $1,279,015,381.92. The trade was a 1.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 26.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Carlyle Group from $66.00 to $63.00 and set a “neutral” rating for the company in a report on Friday, May 8th. Evercore set a $56.00 price objective on shares of Carlyle Group in a research note on Tuesday, April 21st. TD Cowen cut shares of Carlyle Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $54.00 to $53.00 in a research note on Friday, May 8th. UBS Group cut their price objective on shares of Carlyle Group from $81.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Finally, Royal Bank Of Canada cut shares of Carlyle Group from an “outperform” rating to a “sector perform” rating and set a $58.00 price objective on the stock. in a research note on Monday, May 11th. Seven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $62.20.

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.