Tredje AP fonden Has $1.37 Million Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

Tredje AP fonden decreased its stake in The Carlyle Group Inc. (NASDAQ:CG) by 1.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 34,035 shares of the financial services provider’s stock after selling 532 shares during the period. Tredje AP fonden’s holdings in The Carlyle Group were worth $1,367,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CG. Private Advisor Group LLC bought a new stake in shares of The Carlyle Group during the fourth quarter worth $241,000. Vanguard Personalized Indexing Management LLC increased its position in The Carlyle Group by 37.6% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 10,897 shares of the financial services provider’s stock valued at $443,000 after acquiring an additional 2,980 shares in the last quarter. Norges Bank acquired a new position in shares of The Carlyle Group during the fourth quarter worth approximately $130,771,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of The Carlyle Group in the fourth quarter valued at approximately $370,000. Finally, PNC Financial Services Group Inc. lifted its holdings in The Carlyle Group by 12.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 29,192 shares of the financial services provider’s stock worth $1,188,000 after buying an additional 3,145 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CG shares. Deutsche Bank Aktiengesellschaft dropped their target price on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. UBS Group reduced their target price on shares of The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Wells Fargo & Company began coverage on shares of The Carlyle Group in a research note on Thursday, September 12th. They set an “equal weight” rating and a $42.00 price target for the company. JPMorgan Chase & Co. lowered shares of The Carlyle Group from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $46.00 to $44.00 in a report on Tuesday, August 6th. Finally, Barclays cut their price target on The Carlyle Group from $51.00 to $46.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, The Carlyle Group has an average rating of “Hold” and a consensus price target of $45.81.

Insider Activity

In related 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 completion of the transaction, the insider now owns 10,113,040 shares of the company’s stock, valued at $394,105,168.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have sold 1,902,466 shares of company stock worth $69,552,560 over the last ninety days. Insiders own 27.20% of the company’s stock.

The Carlyle Group Stock Performance

Shares of CG opened at $43.68 on Friday. The firm’s 50 day moving average price is $41.96 and its two-hundred day moving average price is $43.03. 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 Carlyle Group Inc. has a twelve month low of $27.13 and a twelve month high of $50.92. The firm has a market cap of $15.72 billion, a P/E ratio of -24.40, a PEG ratio of 1.13 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.05). The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $808.73 million. The Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The business’s revenue for the quarter was up 131.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.88 EPS. On average, analysts forecast that The Carlyle Group Inc. will post 3.76 EPS for the current fiscal 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 paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.40 annualized dividend and a dividend yield of 3.21%. The Carlyle Group’s dividend payout ratio is currently -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.