Carlyle Group Inc. $CG Shares Sold by LGT Capital Partners LTD.

LGT Capital Partners LTD. reduced its position in Carlyle Group Inc. (NASDAQ:CG) by 6.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 764,000 shares of the financial services provider’s stock after selling 53,000 shares during the quarter. Carlyle Group comprises approximately 1.7% of LGT Capital Partners LTD.’s investment portfolio, making the stock its 21st largest position. LGT Capital Partners LTD.’s holdings in Carlyle Group were worth $39,270,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Carlyle Group by 4.9% in the first quarter. Vanguard Group Inc. now owns 24,292,937 shares of the financial services provider’s stock worth $1,058,929,000 after buying an additional 1,131,514 shares in the last quarter. Citigroup Inc. lifted its position in Carlyle Group by 484.4% during the first quarter. Citigroup Inc. now owns 623,440 shares of the financial services provider’s stock worth $27,176,000 after buying an additional 516,761 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Carlyle Group by 21.7% during the first quarter. Ameriprise Financial Inc. now owns 2,722,737 shares of the financial services provider’s stock worth $118,684,000 after buying an additional 485,488 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Carlyle Group in the 1st quarter worth $20,793,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Carlyle Group by 37.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,604,610 shares of the financial services provider’s stock valued at $69,945,000 after acquiring an additional 441,276 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Carlyle Group Trading Down 0.1%

Shares of CG stock opened at $53.33 on Friday. The stock has a market capitalization of $19.22 billion, a P/E ratio of 15.59, a price-to-earnings-growth ratio of 1.22 and a beta of 2.01. Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $69.85. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.24 and a current ratio of 2.24. The company has a 50 day moving average price of $60.02 and a 200 day moving average price of $55.84.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Friday, November 7th. The financial services provider reported $0.98 EPS for the quarter, meeting the consensus estimate of $0.98. Carlyle Group had a net margin of 20.22% and a return on equity of 23.60%. The company had revenue of $782.50 million during the quarter, compared to analysts’ expectations of $848.51 million. During the same quarter last year, the company posted $0.95 EPS. Equities research analysts predict that Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 19th. Investors of record on Monday, November 10th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, November 10th. Carlyle Group’s dividend payout ratio is presently 78.21%.

Analyst Ratings Changes

CG has been the subject of several recent analyst reports. BMO Capital Markets started coverage on shares of Carlyle Group in a research report on Friday, October 3rd. They set an “outperform” rating and a $74.00 price objective for the company. Evercore ISI reduced their target price on Carlyle Group from $64.00 to $57.00 and set an “in-line” rating on the stock in a research report on Monday, November 3rd. JPMorgan Chase & Co. lowered their price target on Carlyle Group from $68.00 to $66.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. Citigroup reduced their price objective on shares of Carlyle Group from $74.00 to $71.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Finally, Morgan Stanley increased their price objective on shares of Carlyle Group from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 21st. Seven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $66.00.

Carlyle Group 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.