The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 32.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 487,506 shares of the financial services provider’s stock after selling 231,771 shares during the period. Principal Financial Group Inc.’s holdings in The Carlyle Group were worth $20,992,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CG. Capital International Investors bought a new position in The Carlyle Group during the 1st quarter worth $142,511,000. Boston Partners acquired a new position in shares of The Carlyle Group during the first quarter valued at approximately $109,122,000. Massachusetts Financial Services Co. MA lifted its position in The Carlyle Group by 17,468.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,715,748 shares of the financial services provider’s stock worth $68,887,000 after purchasing an additional 1,705,982 shares during the period. Marshall Wace LLP acquired a new position in shares of The Carlyle Group during the 2nd quarter valued at $37,009,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of The Carlyle Group in the first quarter valued at $23,455,000. 55.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CG shares. JPMorgan Chase & Co. lifted their target price on The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Redburn Atlantic assumed coverage on shares of The Carlyle Group in a research note on Tuesday, August 27th. They set a “buy” rating and a $55.00 target price for the company. Barclays lifted their price target on shares of The Carlyle Group from $50.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Finally, StockNews.com raised The Carlyle Group from a “sell” rating to a “hold” rating in a report on Tuesday. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $53.33.

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 133,643 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $2.51, for a total transaction of $335,443.93. Following the transaction, the insider now owns 4,767,697 shares of the company’s stock, valued at approximately $11,966,919.47. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 1,676,014 shares of company stock worth $3,687,196 in the last 90 days. 27.20% of the stock is owned by insiders.

The Carlyle Group Stock Performance

Shares of CG opened at $51.34 on Thursday. The Carlyle Group Inc. has a 52 week low of $30.75 and a 52 week high of $54.52. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The company has a market capitalization of $18.36 billion, a PE ratio of 177.03, a PEG ratio of 1.38 and a beta of 1.70. The company’s 50 day moving average price is $46.42 and its 200 day moving average price is $43.57.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.08. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The business had revenue of $895.00 million during the quarter, compared to analyst estimates of $908.17 million. During the same period last year, the company earned $0.87 earnings per share. The Carlyle Group’s quarterly revenue was up 15.2% compared to the same quarter last year. Research analysts expect that The Carlyle Group Inc. will post 3.77 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Monday, November 18th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Monday, November 18th. The Carlyle Group’s dividend payout ratio (DPR) is presently 482.76%.

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.