The Carlyle Group Inc. (NASDAQ:CG) Position Reduced by Achmea Investment Management B.V.

Achmea Investment Management B.V. cut its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 66.9% during the 2nd quarter, Holdings Channel reports. The firm owned 12,130 shares of the financial services provider’s stock after selling 24,474 shares during the period. Achmea Investment Management B.V.’s holdings in The Carlyle Group were worth $487,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in The Carlyle Group during the fourth quarter worth approximately $130,771,000. Capital International Investors acquired a new position in shares of The Carlyle Group in the 1st quarter worth $142,511,000. Boston Partners purchased a new stake in shares of The Carlyle Group during the first quarter valued at $109,122,000. Vanguard Group Inc. boosted its position in shares of 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 valued at $1,012,212,000 after purchasing an additional 1,756,189 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in The Carlyle Group by 194.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,593,761 shares of the financial services provider’s stock worth $105,540,000 after buying an additional 1,712,133 shares during the period. Institutional investors own 55.88% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on CG shares. Barclays dropped their target price on shares of The Carlyle Group from $51.00 to $46.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft reduced their target price on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, August 15th. JPMorgan Chase & Co. downgraded The Carlyle Group from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $46.00 to $44.00 in a report on Tuesday, August 6th. Oppenheimer decreased their price objective on The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating for the company in a research report on Tuesday, August 6th. Finally, Redburn Atlantic started coverage on shares of The Carlyle Group in a research report on Tuesday, August 27th. They issued a “buy” rating and a $55.00 price target for the company. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $45.81.

The Carlyle Group Stock Up 3.3 %

Shares of CG stock opened at $40.05 on Friday. The Carlyle Group Inc. has a twelve month low of $27.13 and a twelve month high of $50.92. The company has a market capitalization of $14.27 billion, a price-to-earnings ratio of -22.37, a PEG ratio of 1.13 and a beta of 1.73. The company has a debt-to-equity ratio of 1.75, a quick ratio of 2.55 and a current ratio of 2.55. The stock’s 50 day simple moving average is $41.86 and its 200 day simple moving average is $43.09.

The Carlyle Group (NASDAQ:CG) last announced its earnings results on Monday, August 5th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $808.73 million. During the same quarter last year, the business earned $0.88 EPS. The business’s revenue was up 131.5% compared to the same quarter last year. As a group, research analysts predict that The Carlyle Group Inc. will post 3.76 EPS for the current year.

The Carlyle Group Announces Dividend

The firm also recently declared 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 of this dividend was Friday, August 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.50%. The Carlyle Group’s dividend payout ratio (DPR) is presently -78.21%.

Insider Activity

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 214,732 shares of the firm’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $38.97, for a total value of $8,368,106.04. Following the sale, the insider now directly owns 10,113,040 shares in the company, valued at approximately $394,105,168.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders sold 2,069,315 shares of company stock valued at $75,483,527. 27.20% of the stock is owned by company 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.