Andra AP fonden Sells 28,007 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Andra AP fonden decreased its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 48.1% in the 2nd quarter, Holdings Channel reports. The fund owned 30,200 shares of the financial services provider’s stock after selling 28,007 shares during the period. Andra AP fonden’s holdings in The Carlyle Group were worth $1,213,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Norges Bank acquired a new position in The Carlyle Group during the 4th quarter worth approximately $130,771,000. Capital International Investors bought a new position in shares of The Carlyle Group in the 1st quarter valued at $142,511,000. Boston Partners acquired a new stake in shares of The Carlyle Group during the 1st quarter valued at $109,122,000. Vanguard Group Inc. increased its holdings in The Carlyle Group by 7.6% in the 4th quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock worth $1,012,212,000 after purchasing an additional 1,756,189 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of The Carlyle Group by 194.2% during 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 purchasing an additional 1,712,133 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CG. JPMorgan Chase & Co. lowered shares of The Carlyle Group from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $46.00 to $44.00 in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft cut their price target on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. TD Cowen raised their target price on The Carlyle Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. UBS Group decreased their price target on The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Finally, Barclays reduced their target price on The Carlyle Group from $51.00 to $46.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $45.81.

The Carlyle Group Stock Performance

NASDAQ:CG opened at $38.77 on Friday. The firm has a market capitalization of $13.95 billion, a P/E ratio of -21.66, a P/E/G ratio of 1.12 and a beta of 1.73. The Carlyle Group Inc. has a twelve month low of $27.13 and a twelve month high of $50.92. The company has a fifty day moving average of $41.86 and a 200-day moving average of $43.13. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.75.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $808.73 million. During the same period last year, the company earned $0.88 EPS. The Carlyle Group’s revenue for the quarter was up 131.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Carlyle Group Inc. will post 3.76 EPS for the current year.

The Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 16th were issued a dividend of $0.35 per share. The ex-dividend date was Friday, August 16th. This represents a $1.40 annualized dividend and a dividend yield of 3.61%. The Carlyle Group’s dividend payout ratio is -78.21%.

Insider Buying and Selling at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 67,207 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $34.89, for a total value of $2,344,852.23. Following the transaction, the insider now directly owns 11,908,315 shares of the company’s stock, valued at $415,481,110.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 2,069,315 shares of company stock worth $75,483,527. 27.20% of the stock is owned by corporate insiders.

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.