Handelsinvest Investeringsforvaltning Trims Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

Handelsinvest Investeringsforvaltning decreased its position in The Carlyle Group Inc. (NASDAQ:CG) by 34.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,999 shares of the financial services provider’s stock after selling 4,153 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in The Carlyle Group were worth $375,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CG. CVA Family Office LLC purchased a new stake in The Carlyle Group in the fourth quarter valued at approximately $35,000. GAMMA Investing LLC purchased a new stake in shares of The Carlyle Group during the fourth quarter worth $38,000. Gold Investment Management Ltd. purchased a new stake in shares of The Carlyle Group during the fourth quarter worth $56,000. Compass Wealth Management LLC purchased a new stake in shares of The Carlyle Group during the first quarter worth $57,000. Finally, Ramirez Asset Management Inc. purchased a new stake in shares of The Carlyle Group during the third quarter worth $84,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Insider Activity

In other news, major shareholder Carlyle Group Inc. sold 64,263 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $40.23, for a total value of $2,585,300.49. Following the sale, the insider now owns 12,395,920 shares in the company, valued at approximately $498,687,861.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 645,335 shares of company stock worth $22,646,564. 27.20% of the stock is currently owned by corporate insiders.

The Carlyle Group Stock Performance

NASDAQ:CG opened at $40.59 on Thursday. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of $14.61 billion, a price-to-earnings ratio of -22.68, a PEG ratio of 1.13 and a beta of 1.75. The firm’s fifty day simple moving average is $41.90 and its 200 day simple moving average is $42.96. The Carlyle Group Inc. has a twelve month low of $27.13 and a twelve month high of $48.52.

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

The Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, May 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.45%. The Carlyle Group’s dividend payout ratio (DPR) is presently -78.21%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CG shares. 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 boosted their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $48.00 target price (down previously from $50.00) on shares of The Carlyle Group in a research note on Thursday, May 2nd. Jefferies Financial Group decreased their price objective on shares of The Carlyle Group from $49.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. Finally, The Goldman Sachs Group decreased their price objective 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, The Carlyle Group has a consensus rating of “Hold” and an average target price of $45.60.

The Carlyle Group Company 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.