Vulcan Value Partners LLC Sells 297,399 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Vulcan Value Partners LLC cut its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 3.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,495,229 shares of the financial services provider’s stock after selling 297,399 shares during the period. The Carlyle Group comprises about 4.6% of Vulcan Value Partners LLC’s portfolio, making the stock its 9th biggest position. Vulcan Value Partners LLC’s holdings in The Carlyle Group were worth $300,767,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in The Carlyle Group by 7.6% during 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 during the period. Capital World Investors increased its stake in shares of The Carlyle Group by 0.4% during the first quarter. Capital World Investors now owns 20,053,012 shares of the financial services provider’s stock worth $940,687,000 after buying an additional 79,681 shares during the period. William Blair Investment Management LLC raised its holdings in The Carlyle Group by 6.5% in the first quarter. William Blair Investment Management LLC now owns 11,819,403 shares of the financial services provider’s stock valued at $554,448,000 after acquiring an additional 721,608 shares in the last quarter. Ariel Investments LLC increased its position in shares of The Carlyle Group by 1.1% in the 2nd quarter. Ariel Investments LLC now owns 4,937,725 shares of the financial services provider’s stock valued at $198,250,000 after purchasing an additional 54,805 shares during the last quarter. Finally, Capital International Investors acquired a new stake in shares of The Carlyle Group in the 1st quarter valued at $142,511,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Stock Up 1.9 %

The Carlyle Group stock opened at $43.59 on Friday. The stock has a market capitalization of $15.69 billion, a price-to-earnings ratio of -24.35, a PEG ratio of 1.30 and a beta of 1.73. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.75. The stock has a 50 day moving average of $41.70 and a two-hundred day moving average of $42.88. The Carlyle Group Inc. has a twelve month low of $27.13 and a twelve month high of $50.92.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data 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 Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $808.73 million. During the same period in the prior year, the firm posted $0.88 earnings per share. The business’s quarterly revenue was up 131.5% compared to the same quarter last year. As a group, research analysts expect that The Carlyle Group Inc. will post 3.76 earnings per share for the current year.

The Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Friday, August 16th were given a $0.35 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.40 dividend on an annualized basis and a yield of 3.21%. The Carlyle Group’s payout ratio is currently -78.21%.

Wall Street Analysts Forecast Growth

CG has been the topic of a number of analyst reports. 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. Wells Fargo & Company began coverage on shares of The Carlyle Group in a research report on Thursday, September 12th. They set an “equal weight” rating and a $42.00 price objective for the company. Oppenheimer dropped their target price on shares of The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 6th. UBS Group reduced their price target on shares of The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Finally, Redburn Atlantic assumed coverage on The Carlyle Group in a report on Tuesday, August 27th. They set a “buy” rating and a $55.00 price objective on the stock. One 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $45.81.

Insiders Place Their Bets

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 169,467 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $42.10, for a total value of $7,134,560.70. Following the completion of the transaction, the insider now owns 8,724,346 shares in the company, valued at $367,294,966.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 1,697,334 shares of company stock worth $62,666,450. Company insiders own 27.20% of the company’s stock.

The Carlyle Group 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.