Carlyle Group Inc. $CG Holdings Boosted by CenterBook Partners LP

CenterBook Partners LP boosted its position in shares of Carlyle Group Inc. (NASDAQ:CG) by 93.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,199 shares of the financial services provider’s stock after purchasing an additional 16,989 shares during the period. CenterBook Partners LP’s holdings in Carlyle Group were worth $2,081,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital International Investors grew its position in Carlyle Group by 0.5% during the 4th quarter. Capital International Investors now owns 1,713,670 shares of the financial services provider’s stock worth $101,295,000 after purchasing an additional 8,152 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Carlyle Group during the 4th quarter valued at $63,000. Havemeyer Place LP acquired a new stake in shares of Carlyle Group during the 4th quarter valued at $275,000. Pinebridge Investments LLC acquired a new stake in shares of Carlyle Group during the 4th quarter valued at $2,008,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Carlyle Group by 1.4% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 52,286 shares of the financial services provider’s stock valued at $3,091,000 after buying an additional 700 shares during the period. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Carlyle Group news, Director David M. Rubenstein sold 500,000 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $46.68, for a total transaction of $23,340,000.00. Following the completion of the transaction, the director owned 27,399,644 shares of the company’s stock, valued at $1,279,015,381.92. The trade was a 1.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 25.40% of the stock is currently owned by corporate insiders.

Carlyle Group Stock Up 3.6%

CG stock opened at $45.14 on Wednesday. The firm has a market cap of $16.25 billion, a PE ratio of 30.92, a PEG ratio of 1.49 and a beta of 1.84. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.92. Carlyle Group Inc. has a 1 year low of $41.54 and a 1 year high of $69.85. The company has a fifty day simple moving average of $47.74 and a 200 day simple moving average of $53.18.

Carlyle Group (NASDAQ:CG) last released its earnings results on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). The firm had revenue of $750.90 million for the quarter, compared to analyst estimates of $1.01 billion. Carlyle Group had a return on equity of 20.95% and a net margin of 13.46%.The firm’s revenue was down 28.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.14 EPS. Sell-side analysts anticipate that Carlyle Group Inc. will post 4.05 EPS for the current fiscal year.

Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Monday, May 18th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.40 dividend on an annualized basis and a yield of 3.1%. Carlyle Group’s payout ratio is currently 95.89%.

Analyst Ratings Changes

CG has been the subject of a number of research reports. TD Cowen decreased their target price on shares of Carlyle Group from $53.00 to $50.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Wall Street Zen lowered shares of Carlyle Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Barclays decreased their target price on shares of Carlyle Group from $67.00 to $63.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Weiss Ratings lowered shares of Carlyle Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Finally, Morgan Stanley decreased their target price on shares of Carlyle Group from $71.00 to $66.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $62.00.

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.