Diversified Trust Co Increases Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Diversified Trust Co raised its position in The Carlyle Group Inc. (NASDAQ:CG) by 15.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,728 shares of the financial services provider’s stock after purchasing an additional 7,881 shares during the quarter. Diversified Trust Co’s holdings in The Carlyle Group were worth $2,802,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of The Carlyle Group by 7.6% during the fourth quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock valued at $1,012,212,000 after purchasing an additional 1,756,189 shares in the last quarter. Ariel Investments LLC boosted its stake in shares of The Carlyle Group by 16.9% during the third quarter. Ariel Investments LLC now owns 6,364,528 shares of the financial services provider’s stock valued at $191,954,000 after purchasing an additional 918,114 shares in the last quarter. Norges Bank acquired a new stake in The Carlyle Group in the fourth quarter valued at approximately $130,771,000. Goldman Sachs Group Inc. boosted its stake in The Carlyle Group by 194.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,593,761 shares of the financial services provider’s stock valued at $105,540,000 after acquiring an additional 1,712,133 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in The Carlyle Group by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,368,100 shares of the financial services provider’s stock valued at $96,375,000 after acquiring an additional 84,080 shares in the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CG shares. The Goldman Sachs Group lowered their target price on shares of The Carlyle Group from $54.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. TD Cowen lowered their target price on shares of The Carlyle Group from $49.00 to $45.00 and set a “hold” rating for the company in a research note on Thursday, May 2nd. UBS Group raised their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $48.00 price target (down previously from $50.00) on shares of The Carlyle Group in a report on Thursday, May 2nd. Finally, Oppenheimer reduced their target price on shares of The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $45.60.

Insiders Place Their Bets

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 49,937 shares of The Carlyle Group stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $33.05, for a total transaction of $1,650,417.85. Following the transaction, the insider now directly owns 11,520,751 shares of the company’s stock, valued at $380,760,820.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 564,225 shares of company stock valued at $20,034,011 over the last ninety days. Company insiders own 27.20% of the company’s stock.

The Carlyle Group Stock Down 1.4 %

Shares of NASDAQ CG opened at $39.58 on Tuesday. The company’s 50-day simple moving average is $42.14 and its 200-day simple moving average is $42.99. The Carlyle Group Inc. has a 52-week low of $27.13 and a 52-week high of $48.52. The firm has a market cap of $14.24 billion, a price-to-earnings ratio of -22.11, a price-to-earnings-growth ratio of 1.13 and a beta of 1.75. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 1.53.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.09. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $986.10 million. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The Carlyle Group’s quarterly revenue was up 35.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.63 earnings per share. Equities analysts predict that The Carlyle Group Inc. will post 3.9 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 14th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend was Monday, May 13th. The Carlyle Group’s dividend payout ratio (DPR) is presently -78.21%.

About The Carlyle Group

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.