Thrivent Financial for Lutherans Grows Holdings in Carlyle Group Inc. $CG

Thrivent Financial for Lutherans raised its position in Carlyle Group Inc. (NASDAQ:CG) by 9.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 151,087 shares of the financial services provider’s stock after buying an additional 12,504 shares during the period. Thrivent Financial for Lutherans’ holdings in Carlyle Group were worth $8,931,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. WFA of San Diego LLC acquired a new position in shares of Carlyle Group during the 2nd quarter valued at about $26,000. Geneos Wealth Management Inc. increased its stake in shares of Carlyle Group by 755.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 574 shares during the last quarter. Bernard Wealth Management Corp. acquired a new position in shares of Carlyle Group during the 4th quarter valued at about $30,000. Quarry LP acquired a new position in shares of Carlyle Group during the 3rd quarter valued at about $33,000. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Carlyle Group during the 3rd quarter valued at about $41,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on CG. Royal Bank Of Canada downgraded shares of Carlyle Group from an “outperform” rating to a “sector perform” rating and set a $58.00 price objective for the company. in a research note on Monday, May 11th. Barclays dropped their price objective 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. Cfra downgraded shares of Carlyle Group to a “sell” rating and set a $45.00 target price for the company. in a research report on Friday, May 8th. UBS Group dropped their target price on shares of Carlyle Group from $81.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Finally, Morgan Stanley dropped 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 report on Tuesday, April 21st. Seven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $62.00.

Carlyle Group Stock Down 2.3%

Shares of NASDAQ:CG opened at $45.52 on Wednesday. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.92. Carlyle Group Inc. has a 52-week low of $43.19 and a 52-week high of $69.85. The company has a 50 day moving average of $48.46 and a two-hundred day moving average of $54.04. The company has a market capitalization of $16.39 billion, a price-to-earnings ratio of 31.18, a price-to-earnings-growth ratio of 1.59 and a beta of 1.89.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.02). Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. The firm had revenue of $750.90 million during the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the business earned $1.14 EPS. The firm’s revenue was down 28.0% compared to the same quarter last year. As a group, analysts forecast that Carlyle Group Inc. will post 4.04 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 Thursday, May 28th. Stockholders of record on Monday, May 18th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Monday, May 18th. Carlyle Group’s dividend payout ratio is 95.89%.

Insider Activity at Carlyle Group

In other news, Director David M. Rubenstein sold 500,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was 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 directly owned 27,399,644 shares in the company, valued at approximately $1,279,015,381.92. This represents a 1.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 26.30% of the company’s stock.

Carlyle Group 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.